Tesla stock split

and who would that be ? Robinhood for starters will split fractions…in germany i know Comdirect will also split fractions…

Btw I am amazed how many people swear on long term and tesla yet this topic about whether to sell or hold till split, few percent up/down is drop in the sea over 10-15 years.

Hold, rebuy, wait 15 years , profit(??)

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Robinhood liquidates any left over fractions, so if you end up with 4.4, they liquidate the .4 which I’ll admit is better than just not dealing with the fractional shares at all. Revolut and freetrade both do handle the split for fractionals.

It seems like older brokers are generally the ones that will work the same way as T212, so I’m actually wondering if this is because it’s how IB do it.

sure that is the reason, as IB is the underlying broker in T212. And IB only has fractionals since sometime this year…

shall we start taking bets on how much you will loose doing that ?

I won’t lose anything, ain’t crazy to be long tesla on this valuations. :slight_smile:

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hahaha for sure not…but sell and rebuy…no worries lets see what happens. i’ll make sure i have now .9 or something like on Apple or Tesla :wink:

battery day Sept 15 so expect more increases.

how to increase your share price 101: firstly do a split, then creating events with lots of hype doesn’t hurt either.

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Was thinking the same.

will this include CFD TSLA positions? how will fractions within CFD’s be treated? apologies if this has been answered

Still haven’t sold my half share yet! Possibly today or late tomorrow in anticipation of a sell off of holders in teh same boat.

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In the same boat here. I’ve not looked at the cut-off date(s) yet, and can’t say I’ve seen them in any other comments either. Did we ever find any clarity from @Team212 why they can’t split the fractionals, when it would seem some others can? Or is just speculation and rumours? :man_shrugging:

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Registration date is Friday I thought. :thinking:

I need to just learn to Google more often! :tipping_hand_man:

Each stockholder of record on August 21, 2020 will receive a dividend of four additional shares of common stock for each then-held share, to be distributed after close of trading on August 28, 2020. Trading will begin on a stock split-adjusted basis on August 31, 2020.

So yes, you are correct! :+1:

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That’s what I did. :smile:

Yes, but less than 0.01% on the fx. So if you have 0.9 TSLA share to rebuy as 4.5 you might lose around $1 on the buy/sell spread of the share price. I don’t think anyone should be bothered by that.

So as August 21st is the Ex date, does that meant that on market opening on the morning of the 21st the Stock price will divide by 5?

@EquityInvestor

Not sure how it’ll work for anyone purchasing in the interim week. Unless trading is suspended, but that seems highly unlikely for a week-long period.

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It’s a good question to be honest! :man_shrugging:

@David @PeterA @Martin any insight?

I will shed some light below:

If you sell TSLA shares after the record date of Aug. 21 for TSLA but before Aug. 31, you will sell them at the pre-split price. You will not be entitled to the split shares. For example: If on the last business day of trading TSLA, Aug. 28 you sell 100 TSLA shares for a pre-split market price of $1,600 per share you will receive $160,000. You will not receive any split shares.

If you buy TSLA shares after the record dates but before Aug. 31, you will purchase shares at the pre-split price. Following the split, you will receive the additional shares resulting from the stock split. For example: If on Aug. 26 you buy 100 shares (and hold them through the open on Aug. 31) at $1,600 per share, you will pay $160,000. You will receive 400 additional shares after the stock split, and the price will be reduced to the post-split price.

In a nutshell, the price will be divided by 5 on the 31st of August. If you are holding the stock before that (28th of August) you are eligible for split shares.

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