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Tesla shareholders on Thursday approved a three-for-one stock split, a move that will make the company’s shares more accessible to smaller investors.

United statesKathleen wilson thompsonElon muskIra ehrenpreisDelaware chancery courtDelaware chanceryTesla shareholders on thursday approveda three for one stock splitA move that will make the companys shares more accessible to smaller investors preliminary results of shareholder vote were announced at electric car and solar panel makers annual meeting its new factory in austinExas ceo elon musk also discussed at the meetinga major factory expansion in future as company moves towarda goal of making 20 million vehicles per year it now produces around 1 5 said tesla might announce another site thisNd it expects to have abouta dozen in the future currently company has assembly plants fremontAlifornia austin berlin and shanghai musk joked that many had suggested canada asa site for the next new plant company made its 3 millionth vehicle in past few weeksUsk said tesla stock closed thursday at 925 90Own 12 4 so far this yearUt it almost completeda split itselfUmbling more than 40 by may after musk madea 44 billion bid to buy twitter in april investors were worried that would be distracted from tesla if he purchased the social media platform but backed out of deal july and sued him force make purchasea trial is scheduled for october delaware chancery court stock began recoverOosted by better than expected second quarter earnings tesla announced plans for the split in late march when shares were trading over 1