Boiler Room: The Official Stock Market Discussion

Majestic

Majestic

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Nobu said:
yes. the "date of record" is simply an irrelevant bookkeeping difference on the backend. if you buy before the date of record, Tesla promises to split your stock. If you buy after the date of record and before the split, you are buying the promise from someone else. It makes no difference to you as an investor, because either way you are getting split stock.

Apple & Tesla Stock Splits 2020 | TD Ameritrade
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breh it's on the tesla website that you gotta be a shareholder by august 21. you sure about this?
 
Nobu

Nobu

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Majestic said:
breh it's on the tesla website that you gotta be a shareholder by august 21. you sure about this?
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yes. the TD link explicitly confirms it too.

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 $1,500 per share, you will pay $150,000. You will receive 400 additional shares after the stock split, and the price will be reduced to the post-split price.
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