Tesla surged nearly 30% over Monday and Tuesday, prompting numerous skeptics to warn that its gains weren't sustainable. Disclaimer | Securities trading is offered to self-directed customers by Robinhood Financial. Robinhood Financial is a member of the .css-1xjvdi9{margin:0;color:rgb(0,200,5);font-family:"Capsule Sans Text",system-ui,-apple-system,BlinkMacSystemFont,"Segoe UI",Helvetica,Arial,sans-serif;font-size:13px;font-style:normal;font-weight:normal;line-height:20px;-webkit-letter-spacing:-0.1px;-moz-letter-spacing:-0.1px;-ms-letter-spacing:-0.1px;letter-spacing:-0.1px;-webkit-text-decoration:unset;text-decoration:unset;}@media (min-width:768px){.css-1xjvdi9{font-family:"Capsule Sans Text",system-ui,-apple-system,BlinkMacSystemFont,"Segoe UI",Helvetica,Arial,sans-serif;font-size:15px;font-style:normal;font-weight:normal;line-height:24px;-webkit-letter-spacing:-0.1px;-moz-letter-spacing:-0.1px;-ms-letter-spacing:-0.1px;letter-spacing:-0.1px;-webkit-text-decoration:unset;text-decoration:unset;}}Financial Industry Regulatory Authority (FINRA).
You may have heard that Tesla (TSLA) did a 5-for-1 stock split that went into effect on August 31, 2020. Apple’s 2020 Stock Split: What does this mean for me? He declined to share his name. Disclaimer | Starting August 31, Tesla option contract terms, much like that of the stock, were adjusted to match the terms of the split. Made In NYC | Stock quotes by finanzen.net. All rights reserved. The price per share decreased, but the number of shares you had increased. © 2020 Insider Inc. and finanzen.net GmbH (Imprint). For this particular split, however, fractional shares were supported. Change the date range, see whether others are buying or selling, read news, get earnings results, and compare Tesla against related stocks people have also bought. For example, if you owned 1 share of TSLA worth $500 before the split, after the split you’d own 5 shares of TSLA worth $100 per share. Check the background of the firm on FINRA’s BrokerCheck, Securities trading is offered to self-directed customers by Robinhood Financial. There will not be any federal income tax consequences because the tax basis of each share owned after the split is simply 1/5th the amount it was before the split. "I feel that the rally this week is well deserved," he told Business Insider. What happens if I own a stock that’s delisted? He made the decision after reading a slew of good news about the company, including the opening of its new Gigafactory in Shanghai and the first deliveries of its Model 3 cars in China. Why did I receive a “not enough shares” error? After the stock surged, he sold each call — worth $3,925 when he bought them — for $17,025, more than quadrupling his money. This comes as shares have tanked almost 20% in May alone.
He told Business Insider that he's a 28-year-old business analyst in Washington, DC, who began investing six months ago.
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