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The Independent UK

National

Via AP news wire

Tesla hopes new investors go for the ride after stock split

Tesla Inc. Elon Musk Alphabet Amazon GameStop Google

Copyright 2022 The Associated Press. All rights reserved.

Unlike its cars, Tesla shares are about to get less expensive.

Tesla is splitting its stock 3 for 1, so after the close of trading Tuesday, investors will receive two additional Tesla shares for every one they owned as of Aug. 17. In theory, that should drop Tesla’s share price by about two-thirds before trading starts on Wednesday.

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