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Tesla board approves three-for-one stock split

(RTTNews) – Tesla Inc. (TSLA) said its board of directors had approved and declared a three-for-one stock split of its common stock.

The luxury electric car maker said each shareholder of record on August 17, 2022 will receive a dividend of two additional common shares for each share then held, to be distributed after markets close on August 24, 2022.

Trading will commence on a stock split adjusted basis on August 25, 2022.

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