 "Tesla")
Tesla Inc. is splitting its richly valued shares in a 5-for-1 exchange, a move designed to make the stock less expensive for individual investors after the company become the world’s most valuable automaker.
Each stockholder of record on August 21 will receive a dividend of four additional shares of common stock for each one they own, the electric-car maker said Tuesday in a statement. The shares, which have more than quadrupled since March to close above $1,600 last month, pared a gain of as much as 7 per cent early Wednesday to trade up 4.8 per cent to $1,440.63 as of
