Business
Tesla plans five-for-one stock split – The Australian Financial Review
The move won’t change how much the electric car maker’s business is worth, but will automatically reduce the price of its shares by 80 per cent.
In a July 30 dated note, Wedbush analyst Dan Ives had a 12-month price target of $US1800 for Tesla, with a bull case target of $US2000.
There has been increasing speculation that Tesla is on the verge of being added to the S&P 500 Index, a sign that Wall Street finally believes the company has a longer-term future.
In a July note on Tesla’s June quarter results, Loup Ventures said “we believe the most important takeaway is that Tesla is following Amazon’s playbook: building a virtuous cycl…
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