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On Friday, August 2 8 , 2 0 2 0 , the stock of Tesla Inc. closed at $ 2 comma 2 2 9 .

On Friday, August28,2020, the stock of Tesla Inc. closed at $2 comma 229.61 per share. On the following Monday, the company split its stock 2-for-1, and the stock price traded for $1 comma 116.54 per share. Were Tesla shareholders better off, worse off, or in the same position after the split compared with before? What return did they earn from Friday to Monday?

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