Tesla runs to hit new high in stock split deadline

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Tesla Inc. (TSLA) – Get the report Shares hit a new high on Friday, as investors positioned themselves for a five-to-one divide in one of Wall Street’s hottest and most expensive stocks.Shareholders of record at the end of the Friday session will receive four additional Tesla shares for each, with a payout set for August 28. At Tesla’s current price range, the split will likely lead to a drop in the average cost of the group’s shares. shares at around $ 400 each, which points to a likely inclusion in the S&P 500 later this fall.



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