Technology

Tesla Takes Pause From Months-Long Rally as Investors Clear 3-for-1 Split

Tesla Takes Pause From Months-Long Rally as Investors Clear 3-for-1 Split

Tesla Inc.’s months-long rally took a pause Friday as the stock retreated following seven sessions of gains after the electric-vehicle maker’s shareholders approved a three-for-one stock split on Thursday. The split -- aimed at attracting an even larger number of retail investors, who have been piling into the stock -- will bring Tesla’s shares down to the $300 range.

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