Elon Musk splits Tesla stock to attract more retail investors
Image Credit: shortpedia
Elon Musk's Tesla will split its shares after the stock surged 500% in the 12 months, making it the world's most valuable automaker. Tesla said that its Board of Directors have approved and declared a five-for-one split of Tesla's common stock in the form of a stock dividend to make stock ownership more accessible to employees and investors. The electric car manufacturer fixed August 21 as the record date for splitting the stock.