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Tesla announces 5 shares for 1 share



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Tesla

Published on August 11, 2020|
Through press release

August 11, 2020 by Press release


Tesla

Palo Alto, California, August 11, 2020-Tesla Inc. (“Tesla”) today announced that the board of directors has approved and announced a five-to-one ratio of Tesla common stock in the form of a stock dividend distribution. It is easier for employees and investors to obtain ownership of shares. Each stock holder registered on August 21, 2020 will distribute an additional four dividends for each common share held after the transaction closes on August 28, 2020. Trading will begin on August 31, 2020 on the basis of the adjusted stock split.

Forward-looking statements

Certain statements (including but not limited to statements regarding the timing and impact of stock dividend expectations) are “forward-looking statements” and are subject to risks and uncertainties. These forward-looking statements are based on management’s current expectations. A variety of important factors could cause actual results to differ materially, including the risks identified in our filings with the Securities and Exchange Commission (SEC), including our quarterly report on Form 10-Q for the quarter ended June 30, 2020. Tesla does not undertake any obligation to update this document. information.

Source: Tesla Inc.


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