Ok, to prevent 50 posts about this (there were already five here within 15 min), let's use this thread to discuss the TSLA stock split. Answer common questions as there will be a lot, upvote quality answers and downvote and report misinformation. There are gonna be a lot of people wondering how this affects them so let's try to be friendly and remember that in the end we all seek the same thing: thy holy tendies!
Shares of Tesla Inc. TSLA surged more than 7% in the extended session Tuesday after the Silicon Valley car maker said its board has approved a five-for-one split of the company's common stock "in the form of a stock dividend to make stock ownership more accessible to employees and investors." Each shareholder of record on Aug. 21 will receive a dividend of four additional shares of common stock for each then-held share, to be distributed after the close on Aug. 28, the company said. Trading will begin on a stock split-adjusted basis on Aug. 31, Tesla said. The stock has gained 229% this year, compared with gains around 3% for the S&P 500 index.