The FINANCIAL — Tesla announced on August 11, 2020 that the Board of Directors has approved and already declared a five-for-one split of Tesla’s common stock in the form of a stock dividend. The goal of this action is to make stock ownership more accessible to employees and investors. Tesla Inc.’s market cap now stands at $382.04 billion, making it the 13th most valuable company trading on American exchanges. A stock split doesn’t change the underlying value of the company; it just lowers the share’s price to make it more affordable to new investors and employees. Stocks tend to outperform after the…
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