Tesla stock

Tesla's stock price is set to drop at the opening bell Thursday, but not because of anything Elon Musk tweeted about demand for electric vehicles, ...

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Tesla's 3-for-1 stock split is now live, but investors should be focusing on the company itself. Electric vehicle powerhouse Tesla (TSLA -0.04%) is the ...

That places the stock at a [price-to-earnings multiple](https://www.fool.com/investing/how-to-invest/stocks/price-to-earnings-ratio/) of 90, which is three-times higher than the Nasdaq 100 technology index's multiple of 27.2, for example. The company's gross margin has steadily climbed alongside the number of cars it has produced, which means as Tesla grows larger and makes more cars, it's also becoming even more profitable. Between 2017 and 2021, the metric expanded at a compound annual rate of 46% and based on analysts' estimates of $83.9 billion in 2022 sales, that growth rate will accelerate to 56% this year. For investors, that growth has coincided with a more than 1,100% gain in Tesla stock over the past five years. It means the number of Tesla shares in circulation increased threefold, which has cut the price of each share by two-thirds, from $891.30 to $297.10. Tesla is the world's leading manufacturer of electric vehicles.

Wedbush analyst Dan Ives raised his Tesla price target to $360 from $1000. That math doesn't seem to work, but Tesla stock split three-for-one.

](https://www.barrons.com/market-data/stocks/tsla) [Dan Ives](https://www.barrons.com/articles/tesla-stock-price-target-cut-china-headwinds-51652962445?mod=article_inline) changed his target for [stock split](https://www.barrons.com/articles/tesla-stock-split-elon-musk-51661357654?mod=article_inline) of course.

After the 3-to-1 split, Tesla's shares were trading at about $302, a third of where they stood prior to market open. Shares later fell to about $296. Investors ...

Prior to a drop over the past week, the stock had risen more than 13% since a month ago. That drop is in line with each of the three major stock indexes, [a Nasdaq study](https://www.nasdaq.com/articles/3-compelling-reasons-for-companies-to-split-stocks-2019-09-12) that examined stock splits at large companies between 2012 and 2018. It also indicates confidence that the share price will eventually rise to a level near or surpassing where it stood before the split. Investors received two additional shares for each share they held prior to the split. Over the past month, Tesla stock has surged, rising more than 6% as of early trading on Tuesday.

Tesla's (TSLA) 3-for-1 stock split has arrived. The company declared the split in early August. Shares ended yesterday at $891, and began trading at roughly ...

[TSLA](https://www.investopedia.com/markets/quote?tvwidgetsymbol=TSLA)) 3-for-1 [stock split](https://www.investopedia.com/terms/s/stocksplit.asp) has arrived. [dividend](https://www.investopedia.com/terms/d/dividend.asp) of two shares for each share held after the close of trading. In the month following the split, Tesla shares dropped about 14%, but recovered in less than two months, and were up about 36% six months after the split. The company [declared the split](https://www.investopedia.com/tesla-tsla-shareholders-approve-3-for-1-stock-split-6363331) in early August. The stock split makes the shares less expensive, and more accessible for a wider base of [retail investors](https://www.investopedia.com/terms/r/retail-sales.asp). [discretionary spending](https://www.investopedia.com/terms/d/discretionary-expense.asp)," said Caleb Silver, Editor-in-Chief of Investopedia.

When a company conducts a stock split, it boosts the number of shares without changing how much the company is worth. Here is how it works: If Tesla was an ...

[per CNBC.](https://www.cnbc.com/2022/08/24/tesla-stock-set-for-3-for-1-split-after-market-close.html) But, the outlet added, people already could buy "fractional shares" of Tesla. [7 Things No One Tells You](/article/432426)About Starting a Business In this particular case, the number of total Tesla shares was multiplied by three. As Robert Johnson, a professor of finance at the Heider Creighton University You now own two apple slices, but you still own 50% of the apple, proportionally speaking. [told TIME](https://time.com/nextadvisor/investing/what-is-stock-split/)'s NextAdvisor: "If you own 1% of the company before the split, you will own 1% of the company after the split."