$Tesla Motors(TSLA)$ _ It's official - Tesla 3-for-1 Stock Split >
Tesla (TSLA) announced in its annual proxy statement released late Friday that it will seek shareholder approval to split its stock 3-for-1.
Shareholders will vote on the proposal at Tesla's annual meeting on August 4th.
Tesla shares rose as much as 3% after hours on Friday following the news; shares fell 3.1% during Friday's regular trading session. Tesla shares have dropped 34% so far this year.
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