Tesla launches five-for-one stock split




 

Aug 11 (Reuters) - Tesla Inc on Tuesday announced a five-for-one stock split, which it said will begin on Aug. 31. (Reporting by Munsif Vengattil in Bengaluru; Editing by Sriraj Kalluvila)

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Shares of LG Chem rise after report of Tesla
Shares of LG Chem rise after report of Tesla's interest in battery unit

Shares of LG Chem Ltd, which supplies batteries to Tesla Inc, climbed on Tuesday, after media said the U.S. electric vehicle maker was looking to acquire a stake in a battery unit the South Korean company wants to dispose of. "Tesla is said to be exploring taking up to a 10 percent stake in LG Energy Solution," the Korea Times quoted an unidentified banking source as saying, in the U.S. firm's quest for a stable supply of batteries. Tesla delivered 367,500 vehicles last year.

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