Tesla Stock Pops On Stock-Split News; Covid Shuts Down China Plant

Source: reporterwings.com reporterwings.com

Key Topics in this News Article:

News Snapshot:

Tesla ( [TSLA](//research.investors.com/quote.aspx?symbol=TSLA) ) announced Monday that it will ask shareholders to vote at this year’s annual meeting to authorize additional shares in order to enable a stock split. Meanwhile, Tesla paused production at its China plant due to a surge in Covid cases. And CEO Elon Musk tweeted on Monday that he contracted the virus again. Tesla stock jumped. X Tesla said in an 8-K filing with the Securities & Exchange Commission that it wants the stock split so it can pay a dividend to shareholders. The company’s annual meeting will likely take place around October. The EV maker’s...