Tesla seeks second stock split in less than 2 years
Tesla's shares are up more than 60% over the past year, with each costing more than $1,000.
Source: pressdemocrat.com
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Tesla's shares are up more than 60% over the past year, with each costing more than $1,000.
Tesla's board approved the proposal, but the dividend is contingent on final board approval.
Tesla is looking to split its stock so that the electric vehicle maker can pay a dividend to its shareholders.
Tesla plans to make a request at an upcoming annual shareholders meeting to increase its number of authorized shares so that it can split the stock.
Tesla tweeted that it will seek shareholder approval to split its stock - the second split in less than two years.