Tesla has just split its shares into 5, which divides the face value of each security by the same amount without affecting the value of the company. Evolving to nearly € 1,200, the action of the electric car manufacturer had soared in recent months, thanks to which the firm is now worth € 220 billion on the stock market, more than GM, Ford and FCA (Fiat Chrysler Automobiles)… together!
This tour de force is due to the technological enhancement of Tesla which has not lost any more money then 12 months, which is unprecedented in its history. This announcement of the division of the value of the share made Tesla take off again by 7% on Wall Street! The announced change will be effective on August 28, after the close of trading.
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