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.