Tesla Applies for Three-Way Stock Split to "Reset" Its Stock Price

Tesla has now applied for a three-way stock split.The electric automaker last split its stocks back in August of 2020 and now hopes to repeat the procedure in order to "reset" its stock price, which has surged 43.5% over the past 24 months. According to a report from The Verge, Elon Musk's company has already filed for a split with the SEC on Friday, where its share price closed at $696.69 USD, equating to a market cap of more than $721.8 billion USD."While this value appreciation has led to our...