Why Nio Stock Is Sinking Further Today

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Tesla Unveils Plan for 3-for-1 Stock Split

Tesla wants to split its stock 3-for-1, the company said in a proxy statement Friday. “Our success depends on attracting and retaining excellent talent, not only through providing a respectful, safe, inclusive and equitable workplace, but also through offering outstanding benefits and highly competitive compensation packages,” Tesla said in the filing. Tesla noted that through June 6, the firm’s share price had risen 43.5% since its prior stock split in 2020, adding that the move could benefit retail investors.

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