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Tesla Files to Split Shares 3-for-1 as Investors Bail on Stock


The company also said Larry Ellison will step down from the board. Ellison, the eleventh richest person in the world worth about $87 billion, originally made his fortune as the co-founder of the software company Oracle Corp., and first joined Tesla’s board in December 2018. As of June 30, Ellison held a 1.5% stake in the electric vehicle maker, according to Bloomberg data. 





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