Big Law

Tesla Requests Its Second Stock Split in Less Than 2 Years

Shares of Tesla rose sharply Monday after the electric car maker announced its second stock split in less than two years.

The company said in a regulatory filing, and also in a tweet, 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.

Read the source article at Associated Press News

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