Tesla to Enact 5-for-1 Stock Split


Tesla Inc. said it would enact a 5-for-1 stock split after a share-price surge over recent months vaulted the electric-vehicle maker to the status of most-valuable car company as Chief Executive Elon Musk navigated the pandemic.

Enthusiasm in Tesla’s stock has been fueled by four consecutive quarters of profit. The company’s shares rose more than 6% in after-hours trading following the announcement after closing lower Tuesday at $1,374.39.

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