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Tesla Announces 5-for-1 Stock Split

Tesla Inc. (TSLA) said Tuesday that its board approved and declared a five-for-one split of its common stock in the form of a stock dividend to make stock ownership more accessible to employees and investors.

Each stockholder of record on August 21, 2020 will receive a dividend of four additional shares of common stock for each then-held share, to be distributed after close of trading on August 28, 2020.

The company noted that trading will begin on a stock split-adjusted basis on August 31, 2020.

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