Tesla Inc. (TSLA) recently announced a 5-for-1 stock split. The split takes effect on August 31 for each shareholder of record on August 21.
So, what happens to people that buy shares of Tesla after the 21st? Do they not get the 5-for-1 split? I am interested in learning about this process but have not come across what happens to shareholders after the date of record for the split.