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Tesla unveils timing of 3-for-1 stock split, stock up 1.7% premarket

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Tesla Inc.
TSLA,
-6.63%

said it will conduct a 3-for-1 stock split that will give shareholders of record as of Aug. 17 a dividend of two additional shares of common stock on Aug. 24. Trading will begin on a stock split-adjusted basis on Aug. 25, the company said in a regulatory filing published Friday. Shares were up 1.7% premarket Monday, but are down 18% in the year to date, while the S&P 500
SPX,
-0.16%

has fallen 13%.

‘I must humbly and honestly acknowledge that things are really bad’ — SoftBank CEO on $23 billion loss.

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