Is TSLA Stock a Buy Ahead of the Tesla Stock Split?
The summer of stock splits is just heating up. This week brought announcements from Gamestop (NYSE: GME ) and Alphabet (NASDAQ: GOOG , NASDAQ: GOOGL ), but investors shouldn’t lose sight of what promises to be the most important split of the season. Tesla (NASDAQ: TSLA ) shareholders are voting on the proposed stock split on Aug. 4. If they vote in its favor, it will mean a significant catalyst for TSLA stock. Let’s take a closer look at the potential Tesla stock split and why TSLA is still a buy as it approaches. Inside the Tesla Stock Split Investors have plenty of reason to approach TSLA stock with caution. It is up 3% today, but has still shed more than 27% of its value over the past six months. Supply chain constraints and broad market forces have made it difficult for high-growth tech stocks to thrive, but there have also been plenty of negative Tesla-specific catalysts. The company’s second-quarter deliveries fell by 18% , disappointing many experts. CEO Elon Musk has classified Tesla’s factories as “gigantic money furnaces,” and more recently placed the company’s Shanghai and Berlin plants on a two week pause .
Is TSLA Stock a Buy Ahead of the Tesla Stock Split?
The summer of stock splits is just heating up. This week brought announcements from Gamestop (NYSE: GME ) and Alphabet (NASDAQ: GOOG , NASDAQ: GOOGL ), but investors shouldn’t lose sight of what promises to be the most important split of the season. Tesla (NASDAQ: TSLA ) shareholders are voting on the proposed stock split on Aug. 4. If they vote in its favor, it will mean a significant catalyst for TSLA stock. Let’s take a closer look at the potential Tesla stock split and why TSLA is still a buy as it approaches. Inside the Tesla Stock Split Investors have plenty of reason to approach TSLA stock with caution. It is up 3% today, but has still shed more than 27% of its value over the past six months. Supply chain constraints and broad market forces have made it difficult for high-growth tech stocks to thrive, but there have also been plenty of negative Tesla-specific catalysts. The company’s second-quarter deliveries fell by 18% , disappointing many experts. CEO Elon Musk has classified Tesla’s factories as “gigantic money furnaces,” and more recently placed the company’s Shanghai and Berlin plants on a two week pause .