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Tesla wants to split its stock so it can pay a stock dividend; Shares gain

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Elon Musk, founder and CEO at Tesla Motors speaks to the media during a tour of Tesla Gigafactory in Sparks Nevada. This facility will make batteries for electric cars.

Reuters| Reuters

This story is still in development. Keep checking back for more updates.

TeslaAccording to Monday’s filing, the company wants to divide its stock to pay shareholders a dividend.

The shares were 4.8% higher in premarket trades to approximately $1,059.00

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