Tesla Seeks 2nd Stock Split In Less Than 2 Years
NEW YORK (AP) — Shares of Tesla are up sharply after the electric car maker announced its second stock split in less than two years.
The company said in a regulatory filing that it plans to make a request at its upcoming annual shareholders meeting to increase its number of authorized shares so that it can split the stock in the form of a dividend.
Shares jumped more than 6% before the market opened. Tesla's board approved the proposal, but the dividend is contingent on final board approval.
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