hi FT team,
How will you handle Tesla’s (and Apple’s for that matter) stock split?
I have not had something like this happen to any of my stocks so I’m curious.
Does it automatically happen and we don’t need to worry about it? Do we also receive the multiplied amount for the small fractions that we own?
So in Tesla’s case in a 5-1 split, for instance if one owns 2.692 shares now, will they automatically own 5x2.692=13.46 shares the day after the split happens?
p.s. maybe a weekend read blogpost about this?