Business
Tesla announces stock split as Elon Musk hints at Plaid reveal – The Driven
Tesla shares jump after the EV maker announced it will implement a five-for-one split of its stock, and Musk drops big hint on Plaid.
Tesla shares shot up in after hours trading on Tuesday (US time) after the electric car maker announced it will implement a five-for-one split of its stock – currently valued at nearly $US300 billion.
Share values for Tesla have skyrocketed since January, gaining 229% to reach a high of $US1,643 ($A2,307) in July. The electric car maker is now almost as valuable as Toyota and Volkswagen combined, and has held claim to the title of world’s most valuable car maker since June.
With values so hig…
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