TESLA SHARES UP 13% ON NEWS OF CRUSHING

Posted 15 August, 2020

Tesla shares rose 13.12% on Wednesday. Quotes come to three-week highs after the  posts of the planned in late August, the stock split at the rate of 5 to 1. 

 

The move is aimed at "making stock ownership more accessible to employees and investors," the company said. Tesla is preparing to include its shares in the S&P 500. The split is likely to coincide with this event, although the formal requirements for inclusion, in particular on profitability, have already been met.

 

Tesla shares are currently worth $ 1,554.76, that is, if split, one share at current prices would cost about $ 311. 

 

Each registered shareholder will receive a dividend of four additional common shares per share held as of August 21, which will be distributed after the close of trading on August 28.

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