By Yasin Ebrahim

According to Friday’s regulatory filing, Tesla plans to offer a three-for-one stock split for retail investors. 

After-hours trading was up 1.2% for Tesla Inc (NASDAQ) following the announcement.

Tesla’s announcement, made ahead of the annual shareholder meeting that will take place on Aug. 4, is in line with other bluechip peers like Amazon (NASDAQ) and Apple (NASDAQ). The latter’s split of 20-1 was implemented earlier this week.