Tesla ($TSLA) announced plans to split its shares again, saying it will seek approval to raise its authorized share treasury to complete the transaction. While many on the chats say $TSLA is more than fairly valued, and maybe it is, the truth of the matter is that retail investor’s don’t care. Frankly, a slew of investors purchased shares after the company’s last split and they are laughing all the way to the bank… in the face of those same pundits. This time offers another chance. Is Tesla overvalued, overhyped, and has an astronomical multiple? Maybe, maybe not. But, one thing may be for certain, Tesla stock at $100-$300 a share will be a screaming buy for retail investors, creating another tailwind to put its share price back up to the $1,000 level far faster than many think. TSLA bulls should take advantage of the runup before and after the transaction.
$TSLA shares are higher by 8% on Monday despite a red market.