Why did Apple & Tesla split their stock? It makes their share price affordable for small investors. For example, Apple shares were trading at $502 before the split. Some investors think a stock split means they get free shares but this is incorrect.
Apple Inc. and Tesla Inc. both had strong buying after splitting shares of their stock. Apple’s four-for-one split took effect after Friday’s close. Tesla split shares five-for-one in the company’s first stock split.