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Tesla wants to split its stock so it can pay a stock dividend; shares gain

Founder and CEO of Tesla Motors Elon Musk speaks during a media tour of the Tesla Gigafactory, which will produce batteries for the electric carmaker, in Sparks, Nevada.
James Glover II | Reuters

This is a developing story. Check back for updates.

Tesla wants to split its stock so it can pay a stock dividend to shareholders, according to a filing Monday.

Shares were up 4.8% in premarket trading to about $1,059.00.

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