Elon Musk splits Tesla stock after share price surge telegraph.co.uk

Elon Musk's Tesla is set to make its shares more affordable to backers after announcing a five-way stock split, the first in its history, on the back of a record year of growth for the electric car maker.

The company said on Tuesday that the share split would be made as a dividend distribution that would give four additional shares of “common stock” to stockholders recorded as of August 21. The stock split will come into effect on August 28.