8/11, 11:11 PM (Source: TeleTrader)
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Tesla's 5:1 stock split to begin August 31

Tesla Inc. announced on Tuesday that its Board of Directors has approved a five-for-one split of the company's common stock in the form of a stock dividend, which will make stock ownership more accessible to investors.

Trading on a stock split-adjusted basis will begin on August 31, at which time each stockholder will receive a dividend of four additional shares of common stock for each held share.

Tesla's stocks jumped 5.87% in the after-hours trading to sell for 1,455.12 per share.

Breaking the News / ND