(RTTNews) – Tesla, Inc. (TSLA) shares rose more than 5% wednesday morning to $1,437.74. It has quoted between $211 and $1,794.99 over the next few weeks.
Tesla on Tuesday announced a five-for-one stock split. The stock has soared over 200% this year so far.
Tesla said the inventory division takes the form of an inventory dividend “to make shareholding more available to workers and investors.”
Each shareholder indexed on August 21, 2020 will receive a dividend of 4 additional shares, which will be distributed after the close of the exchange on August 28. Negotiation will begin on an adjusted basis for inventory division on August 31.