Tesla will split its stock this week, the latest megacap company to divide its highly priced shares this year in a bid to make them more accessible to investors.
Stock splits have declined in popularity over the years, but Amazon.com Inc. and Google parent Alphabet Inc. also split their stocks in 2022. Investors often interpret such plans as signals of confidence by management.
Source: https://www.wsj.com/articles/tesla-3-to-1-stock-split-explained-11661199382?siteid=yhoof2&yptr=yahoo