Tesla (ticker symbol: TSLA) is moving ahead with a 3 to 1 stock split. Investors and traders with shares or open CFD positions in TSLA will gain 3 times as many share CFDs.
What does this mean for you?
If you have open share CFD positions in TSLA at the close of business on Wednesday the 24th of August 2022, you will get 3 share CFD’s for each CFD you hold in your account. The price per share CFD will also decrease to take this into account.
Basically, the market value of your TSLA share CFD’s will not be affected, even though you will gain 3 times more share CFD’s in your portfolio.
This will come into effect at the close of business on Wednesday the 24th August. When trading resumes on Thursday the 25th August, you should notice the changes in your account.
If you have any questions, our Customer Support Team will be happy to help.