Tesla announces 5-for-1 stock split

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Clean power

Published on August 11, 2020 |
by press release

Aug 11, 2020 by Press release


Tesla

Palo Alto, California, August 11, 2020 – Tesla, Inc. (“Tesla”) today announced that the board of directors has approved and declared a division five for one of Tesla’s common stock in the form of a dividend in shares to make shareholding more accessible to employees and investors. Each shareholder of record on August 21, 2020 will receive a dividend of four additional ordinary shares for each share then held, which will be distributed after the close of trading on August 28, 2020. Trading will begin on an adjusted basis for the stock split on the 31st August 2020.

Forward-looking statements

Certain statements, including, without limitation, statements regarding the expected timing and impact of the stock dividend are “forward-looking statements” which are subject to risks and uncertainties. These forward-looking statements are based on the current expectations of management. Various important factors could cause actual results to differ materially, including risks identified in our filings with the Securities and Exchange Commission, including our Quarterly Report on Form 10-Q for the quarter ended June 30, 2020. Tesla disclaims any obligation to update this information.

Source: Tesla, Inc.


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