History has a way of rhyming at Tesla . As the electric-car maker prepares a 5-for-1 stock split, the share price is hovering near $2,100. Were it to close at that price on Friday, the price after the split would be $420. In August 2018, Elon Musk tweeted that he had secured funding to take Tesla private at that share price and was considering doing so. That sent the stock surging, though no buyout ever materialized and Mr. Musk would ultimately settle securities-fraud charges over the matter with the Securities and Exchange Commission.

Source: Wall Street Journal August 27, 2020 13:30 UTC