diff --git a/src/string.rs b/src/string.rs
index 78b72a50cb2..ebeac8b6dbc 100644
--- a/src/string.rs
+++ b/src/string.rs
@@ -71,9 +71,10 @@ pub(crate) fn rewrite_string<'a>(
     let indent_with_newline = fmt.shape.indent.to_string_with_newline(fmt.config);
     let indent_without_newline = fmt.shape.indent.to_string(fmt.config);
 
-    // Strip line breaks.
+    // Strip line breaks for lines that ends with continuation `\` followed by a `new line`.
+    // In this case, the indentation spaces at the beginning of the next line are also stripped.
     // With this regex applied, all remaining whitespaces are significant
-    let strip_line_breaks_re = Regex::new(r"([^\\](\\\\)*)\\[\n\r][[:space:]]*").unwrap();
+    let strip_line_breaks_re = Regex::new(r"(([^\\]|(\\\\))(\\\\)*)\\[\n\r][[:space:]]*").unwrap();
     let stripped_str = strip_line_breaks_re.replace_all(orig, "$1");
 
     let graphemes = UnicodeSegmentation::graphemes(&*stripped_str, false).collect::<Vec<&str>>();
@@ -223,6 +224,26 @@ fn not_whitespace_except_line_feed(g: &str) -> bool {
 /// FIXME(issue#3281): We must follow UAX#14 algorithm instead of this.
 fn break_string(max_width: usize, trim_end: bool, line_end: &str, input: &[&str]) -> SnippetState {
     let break_at = |index /* grapheme at index is included */| {
+        let index = if input[index] != "\\" {
+            index // Break after the non-`\`
+        } else {
+            // Ensure that the line break is not after an escape '\', as breaking at such point
+            // will transform  the escape `\` to a line continuation `\`.  I.e., the `\` will be
+            // used for concatenating the two parts of the broken line instead of escaping the
+            // next char.
+            let index_offset = match input[0..index]
+                .iter()
+                .rposition(|grapheme| grapheme.ne(&"\\"))
+            {
+                // There is a non-`\` to the left - break after that char.
+                Some(non_backslash_index) => (index - non_backslash_index) % 2,
+                // Only `\` chars to the left - make sure the line break is after even number
+                // of `\` (including zero), so break will not be after an escape `\`.
+                None => (index + 1) % 2,
+            };
+            index - index_offset
+        };
+
         // Take in any whitespaces to the left/right of `input[index]` while
         // preserving line feeds
         let index_minus_ws = input[0..=index]
diff --git a/tests/source/string-lit.rs b/tests/source/string-lit.rs
index 7719e76ffe7..04f61e96595 100644
--- a/tests/source/string-lit.rs
+++ b/tests/source/string-lit.rs
@@ -59,3 +59,35 @@ fn issue_1282() {
 // #1987
 #[link_args = "-s NO_FILESYSTEM=1 -s NO_EXIT_RUNTIME=1 -s EXPORTED_RUNTIME_METHODS=[\"_malloc\"] -s NO_DYNAMIC_EXECUTION=1 -s ELIMINATE_DUPLICATE_FUNCTIONS=1 -s EVAL_CTORS=1"]
 extern "C" {}
+
+// #4471 - strings including `\` should not wrap at the `\`
+const ASCII_ESCAPE: &str = "id\u{1f}1\u{1f}/Users/nixon/dev/rs/gitstatusd\u{1f}1c9be4fe5460a30e70de9cbf99c3ec7064296b28\u{1f}master\u{1f}\u{1f}\u{1f}\u{1f}\u{1f}7\u{1f}0\u{1f}1\u{1f}0\u{1f}1\u{1f}0\u{1f}0\u{1f}0\u{1f}\u{1f}0\u{1f}0\u{1f}0\u{1f}\u{1f}\u{1f}0\u{1f}0\u{1f}0\u{1f}0";
+const ASCII_ESCAPE: &str = "id\u{1f}1\u{1f}/Users/nixon/dev/rs/gitstatusd\u{1f}1c9be4fe5460a30e70de9cbf99c3ec7064296b28\u{1f}master\u{1f}\u{1f}\u{1f}\u{1f}\u{1f}7\u{1f}0";
+const ASCII_ESCAPE: &str = "id\u{1f}1\u{1f}/Users/nixon/dev/rs/gitstatusd\u{1f}1c9be4fe5460a30e70de9cbf99c3ec70642,96b28\u{1f}master\u{1f}\u{1f}\u{1f}\u{1f}\u{1f}7\u{1f}0";
+const ASCII_ESCAPE: &str = "id\u{1f}1\u{1f}/Users/nixon/dev/rs/gitstatusd\u{1f}1c9be4fe5460a30e70de9cbf99c3ec70642 96b28\u{1f}master\u{1f}\u{1f}\u{1f}\u{1f}\u{1f}7\u{1f}0";
+
+const ASCII_ESCAPL: &str = "\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\";
+const ASCII_ESCAP0: &str = "\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\";
+const ASCII_ESCAPs: &str = "\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\";
+const ASCII_ESCAPS: &str = "\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\";
+const ASCII_ESCAPa: &str = "a\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\";
+const ASCII_ESCAPb: &str = "\\b\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\";
+const ASCII_ESCAPc: &str = "\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\c\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\";
+const ASCII_ESCAPd: &str = "\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\de\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\";
+const ASCII_ESCAPf: &str = "\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\f\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\";
+				
+const ASCII_ESCAPL: &str = "0123456789012345678901234567890123456789012345678901234567890123456789;,:0123456789012345678901234567890123456789012345678901234567890123456789";
+const ASCII_ESCAPl: &str = "0123456789012345678901234567890123456789012345678901234567890123456789;0123456789012345678901234567890123456789012345678901234567890123456789";
+const ASCII_ESCAP0: &str = "0123456789012345678901234567890123456789012345678901234567890123456;,:7890123456789012345678901234567890123456789012345678901234567890123456789";
+
+const ASCII: &str = "xxxxxxxxxxxxxxxxxxxxxxxxxx\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\";
+const ASCII: &str = "xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx\\\nyyyyyyyyyyyy";
+
+// #5138 - strings including `\` should not wrap at the `\`
+fn raw() {
+    "aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa\\a";
+	"aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa\\\\a";
+	"a\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\";
+    "\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\";
+    "\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\";
+}
diff --git a/tests/target/string-lit.rs b/tests/target/string-lit.rs
index 2d33061074d..8f016b563b6 100644
--- a/tests/target/string-lit.rs
+++ b/tests/target/string-lit.rs
@@ -61,3 +61,70 @@ fn issue_1282() {
 #[link_args = "-s NO_FILESYSTEM=1 -s NO_EXIT_RUNTIME=1 -s EXPORTED_RUNTIME_METHODS=[\"_malloc\"] \
                -s NO_DYNAMIC_EXECUTION=1 -s ELIMINATE_DUPLICATE_FUNCTIONS=1 -s EVAL_CTORS=1"]
 extern "C" {}
+
+// #4471 - strings including `\` should not wrap at the `\`
+const ASCII_ESCAPE: &str =
+    "id\u{1f}1\u{1f}/Users/nixon/dev/rs/gitstatusd\u{1f}1c9be4fe5460a30e70de9cbf99c3ec7064296b28\
+     \u{1f}master\u{1f}\u{1f}\u{1f}\u{1f}\u{1f}7\u{1f}0\u{1f}1\u{1f}0\u{1f}1\u{1f}0\u{1f}0\u{1f}0\
+     \u{1f}\u{1f}0\u{1f}0\u{1f}0\u{1f}\u{1f}\u{1f}0\u{1f}0\u{1f}0\u{1f}0";
+const ASCII_ESCAPE: &str = "id\u{1f}1\u{1f}/Users/nixon/dev/rs/gitstatusd\
+                            \u{1f}1c9be4fe5460a30e70de9cbf99c3ec7064296b28\u{1f}master\u{1f}\
+                            \u{1f}\u{1f}\u{1f}\u{1f}7\u{1f}0";
+const ASCII_ESCAPE: &str = "id\u{1f}1\u{1f}/Users/nixon/dev/rs/gitstatusd\
+                            \u{1f}1c9be4fe5460a30e70de9cbf99c3ec70642,96b28\u{1f}master\u{1f}\
+                            \u{1f}\u{1f}\u{1f}\u{1f}7\u{1f}0";
+const ASCII_ESCAPE: &str = "id\u{1f}1\u{1f}/Users/nixon/dev/rs/gitstatusd\
+                            \u{1f}1c9be4fe5460a30e70de9cbf99c3ec70642 \
+                            96b28\u{1f}master\u{1f}\u{1f}\u{1f}\u{1f}\u{1f}7\u{1f}0";
+
+const ASCII_ESCAPL: &str = "\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\
+                            \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\
+                            \\\\";
+const ASCII_ESCAP0: &str = "\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\
+                            \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\";
+const ASCII_ESCAPs: &str = "\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\
+                            \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\";
+const ASCII_ESCAPS: &str =
+    "\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\";
+const ASCII_ESCAPa: &str = "a\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\
+                            \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\";
+const ASCII_ESCAPb: &str = "\\b\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\
+                            \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\";
+const ASCII_ESCAPc: &str = "\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\c\
+                            \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\";
+const ASCII_ESCAPd: &str = "\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\
+                            de\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\
+                            \\";
+const ASCII_ESCAPf: &str = "\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\f\
+                            \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\
+                            \\";
+
+const ASCII_ESCAPL: &str =
+    "0123456789012345678901234567890123456789012345678901234567890123456789;,:\
+     0123456789012345678901234567890123456789012345678901234567890123456789";
+const ASCII_ESCAPl: &str =
+    "0123456789012345678901234567890123456789012345678901234567890123456789;\
+     0123456789012345678901234567890123456789012345678901234567890123456789";
+const ASCII_ESCAP0: &str =
+    "0123456789012345678901234567890123456789012345678901234567890123456;,:\
+     7890123456789012345678901234567890123456789012345678901234567890123456789";
+
+const ASCII: &str = "xxxxxxxxxxxxxxxxxxxxxxxxxx\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\
+                     \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\";
+const ASCII: &str =
+    "xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx\\\
+     \nyyyyyyyyyyyy";
+
+// #5138 - strings including `\` should not wrap at the `\`
+fn raw() {
+    "aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa\
+     \\a";
+    "aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa\\\
+     \\a";
+    "a\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\
+     \\";
+    "\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\
+     \\";
+    "\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\
+     \\\\";
+}