Tesla Stock Split

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[{"selector":"#anim-ed6b8ff0-9b17-4fa6-84c1-e69cf6135c27","keyframes":{"transform":["rotate(-2deg) translate3d(113.10975%, 0px, 0) rotate(2deg)","rotate(-2deg) translate3d(0px, 0px, 0) rotate(2deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-85c9165b-e20b-453f-8713-93679ccbed17","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-05a880a5-05f0-4eca-bc2f-b78de7cc26b0","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Yellow Star Yellow Star Elon Musk’s EV firm plans to seek investor approval for 3-for-1 split. Tesla Inc has proposed a 3-for-1 stock split, a move that will make its share more low cost. Yellow Instagram Yellow Heart

On friday Tesla Inc proposed a 3-for-1 stock split, making its shares more affordable following recent sell-offs of the most valuable automaker.

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Larry Ellison is among the top investors who have promised funding toward Musk`s $44 billion addition of social media firm Twitter Inc.

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Tesla said the split would enable its employees to "have more flexibility in managing their rights" and make its stock "more available to our retail shareholders."

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Tesla will also ask shareholders to vote to reduce its board of directors terms to 2 years from 3. If approved, the terms would be rolled over two years.

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