Dear Clients
Tesla Inc. (TSLA) announced that they will carry out 3-for-1 stock split which will be effective on 25 August 2022. This means each Tesla Inc. shareholder will receive two additional shares for every share held. The price of the stock will be divided by 3 on 25 August 2022 when market opening.
As the Tesla Inc. shares CFD (#TSLA) that ATFX offers is derived from Tesla Inc. (TSLA) shares on the Exchange, the price of the product #TSLA will also undergo stock split.
|
Symbol |
Product |
Corporate Action |
Effective Date |
| #TSLA | Tesla Inc. CFD | 3-for-1 stock split | 25 August 2022 |
The example below describes how #TSLA 3-for-1 stock split affects current holding position
|
Stock Split |
Date |
Type |
Volume (Lot) |
Open price |
| Before Split | Before 25 August 2022 | Buy | 100 | 879.00 |
|
After Split |
After 25 August 2022 |
Buy |
300 |
293.00 |
|
Stock Split |
Date |
Type |
Volume (Lot) |
Open price |
| Before Split | Before 25 August 2022 | Sell | 100 | 879.00 |
|
After Split |
After 25 August 2022 |
Sell |
300 |
293.00 |
Note:
1. All pending orders Take Profit/Stop loss/Buy Limit/Sell Limit/Buy Stop/Sell Stop will be DELETED after market closed on 24 August 2022.
2. In order to ensure the price stability after the stock split and avoid affecting clients’ transactions, #TSLA cannot be traded until 5 minutes after market opening on 25 August 2022. That means the trading hours will start from 16:38 MT4 system time!!
Please feel free to contact us via email: [email protected] or call: 400-1200-143 if you have any questions.
Sincerely,
ATFX
