Tesla Declares Three-for-One Stock Split
By Kathryn Hardison
Tesla Inc.'s board of direction has approved a three-for-one
stock split, which the company says will make stock ownership more
accessible to employees and investors.
The electric vehicle company said Friday that each stockholder
of record on Aug. 17 will receive a dividend of two additional
shares of common stock after close of trading on Aug. 24.
Trading will begin on a stock split-adjusted basis on Aug.
The company had 1.04 billion outstanding shares as of Friday,
according to FactSet.
The company's share price was little changed in after-hours
Write to Kathryn Hardison at email@example.com
(END) Dow Jones Newswires
August 05, 2022 16:50 ET (20:50 GMT)
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