Tesla to Enace 5-for-1 Stock Split
August 11 2020 - 6:05PM
Dow Jones News
By Maria Armental
Tesla Inc. said it would enact a 5-for-1 stock split after a
share-price surge over recent months vaulted the electric-vehicle
maker to the status of most valuable car company.
Enthusiasm in Tesla's stock has been fueled by four consecutive
quarters of profit even in the coronavirus pandemic. Tesla shares
rose more than 6% in after-market trading following the
announcement.
Tesla's move follows one from Apple Inc., which last month said
its board had approved a 4-for-1 stock split, aiming to make the
stock more accessible to a broader base of investors.
This article will be updated
(END) Dow Jones Newswires
August 11, 2020 17:50 ET (21:50 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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