Tesla proposes 3-for-1 stock split as Ellison plans to leave Board

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NEW YORK — Tesla proposed a three-for-one split of its stock on Friday, a move that will make a single share of the electric car maker more accessible to investors but not affect the company’s overall market value. Tesla made the announcement in its annual proxy statement, which also said Oracle co-founder Larry Ellison will not be standing for re-…

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