EnergyWatch

Tesla plans three-for-one stock split

In March of this year, Tesla unveiled a plan to split the stock, but without providing any further details on the split ratio.

Photo: Kim Kyung Hoon/REUTERS / X01368

US electric vehicle manufacturer Tesla will split its stock into three, according to a press release issued Friday cited by Bloomberg News.

In March of this year, Tesla unveiled a plan to split the share, but without providing any further details on the split ratio.

The announcement by Tesla sends the share up by 1.5% in the after-hours trading market Friday after falling 3.2% during regular trading.

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