Tesla, Inc. (NASDAQ:TSLA) finally filed a proxy statement with the SEC, wherein it revealed that it intends to implement a 3-for-1 split in the form of a stock dividend.
What The Split Means For Stock: Tesla's stock has been battered in the sell-off seen since the start of the year. The stock is down about 34% in the year-to-date period. The stock split could prove salubrious for Tesla, as it is a signal that the stock has grown to the point of becoming unaffordable to retail investors.
