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Source global Wall Street Journal     time 2020-09-07 10:33:00
Typefacelarge in Small
The stock has jumped 45 percent just since August 11, when Tesla announced a five for one stock split.

A very "limited number of stockholders" will be able to attend the events due to pandemic related restrictions, Tesla said, and a lottery will be held to select attendees.

Tesla will start rolling out 'made in China' Model Y vehicles at its factory in Shanghai starting in 2021, the Global Times tweeted on Thursday, citing an unnamed executive.

Tesla's stock is currently priced at an exceedingly high 148 times expected earnings, according to Refinitiv, and that valuation will not be affected by the upcoming stock split.

However, with Robinhood and other brokerages increasingly letting customers by fractions of individual shares, the benefit of stock splits has become less obvious, making Tesla's rally following the announcement of its stock split surprising to some professional investors.


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