Tesla’s stock, which traded at $1,475 after the announcement, is among the highest priced on Wall Street, and the Palo Alto, California-based company said in a press release it was looking to make its shares more accessible to employees and investors. Tesla’s stock has surged over 200% this year, while shares of General Motors and Ford Motor declined on fallout from the coronavirus pandemic. Stock splits are a way for companies to make shares more accessible to retail investors, potentially attracting individual investors who make small trades. …read more
Source:: Yahoo Finance
