Tesla shares are about to get a lot cheaper with three-for-one stock split

Tesla officially announced a three-for-one stock split, meaning the company's stock price — which has jockeyed between $600 and $1,000 for a year — is about to get more affordable for investors.

Tesla officially announced a three-for-one stock split, meaning the company's stock price — which has jockeyed between $600 and $1,000 for a year — is about to get more affordable for investors.

The stock will begin trading on a split-adjusted basis on August 25th.

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CNN's David Goldman contributed to this report

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