Tesla’s Shareholders to Vote on 3-to-1 Stock Split In August, Elon Musk’s Ally Ellison to Leave Board

Tesla has proposed a three-to-one stock split to make shares more affordable following recent sell-offs. The EV maker will keep the proposal to shareholders in August, along with a vote to reduce board of directors' terms to two years from three. Elon Musk’s ally and Oracle Corp co-founder Larry Ellison will leave the board when his term ends.

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