With so much momentum in both Tesla‘s (NASDAQ: TSLA) stock price and its underlying business, is it a good time for the automaker to consider splitting its stock again?
Believe it or not, it’s only been six months since Tesla surprised investors with a 5-for-1 stock split announcement. Despite the stock splitting in fifths, its price has already appreciated to more than half of its pre-split value last August. In addition, it’s not just the stock that has seen momentum since last summer: The electric-car maker‘s sales have surged, and profitability now looks like it’s here to stay. These may be signs that the growth stock could see another split this year.
Before we get into it, let’s tackle some basics.