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Aug. 11, 2020, 5:10 p.m. EDT

Tesla stock soars 7% on 5-to-1 stock split news

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By Claudia Assis

Shares of Tesla Inc. /zigman2/quotes/203558040/composite TSLA -4.15% surged more than 7% in the extended session Tuesday after the Silicon Valley car maker said its board has approved a five-for-one split of the company's common stock "in the form of a stock dividend to make stock ownership more accessible to employees and investors." Each shareholder of record on Aug. 21 will receive a dividend of four additional shares of common stock for each then-held share, to be distributed after the close on Aug. 28, the company said. Trading will begin on a stock split-adjusted basis on Aug. 31, Tesla said. The stock has gained 229% this year, compared with gains around 3% for the S&P 500 index. /zigman2/quotes/210599714/realtime SPX -0.84%

Read the full story:
Tesla’s stock run leads to 5-1 share split

/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 423.43
-18.33 -4.15%
Volume: 76.78M
Sept. 17, 2020 4:00p
P/E Ratio
1,102
Dividend Yield
N/A
Market Cap
$411.64 billion
Rev. per Employee
$439,627
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/zigman2/quotes/210599714/realtime
US : S&P US
3,357.01
-28.48 -0.84%
Volume: 2.74B
Sept. 17, 2020 5:14p
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