TESLA to SPLIT Stock to pay DIVIDENT

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Tesla wants to split its stock so it can pay a stock dividend to shareholders, according to a filing Monday.

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Tesla’s shares were up more than 5% in premarket trading to about $1,066.

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The company last split its stock in August 2020.

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The shares have more than doubled since that 5-for-1 split took effect on Aug. 31, 2020.

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The shares have also risen in each of the last five years.

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Tesla’s board has accepted the management proposal, but authorizing the dividend still requires final approval

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After the announcement, Tesla shares increased by almost 5% in premarket trading to $1,062 a share Monday, according to The Wall Street Journal.

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Tesla stock raced higher on news that the company wants to split its stock in the form of a stock dividend.

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