US Stock and Financial News

Tesla sets Aug 25 as trading day for three-for-one split shares

Chief Executive Elon Musk owns 15.6% of Tesla, according to Refinitiv data, after selling millions of shares last year. Each stockholder of record on Aug. 17 will get a dividend of two additional shares for each share held, to be distributed after close of trading on Aug. 24, the company said. The new share split comes two years after a five-for-one split helped bring down the price of the high-flying stock within the reach of ordinary investors.

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