Tesla adds $84 bn in a day on stock split signal; more than Ford's m-cap

Tesla added about $84 billion to its stock-market value on Monday, more than Ford's market capitalisation, after the electric-vehicle maker said it is planning a second stock split in about 2 years

Tesla added about $84 billion to its stock-market value on Monday, more than Ford Motor’s entire market capitalisation, after the electric-vehicle maker said it is planning a second stock split in about two years.

Stocks splits for large companies have returned to the spotlight recently with Amazon.com saying earlier this month that it will do a 20-for-1 stock split, followed by Alphabet’s own plan announced in February, as these companies try to make their lofty stocks more attractive for individual investors. 

The news, announced via a tweet, helped to add further fuel to a recent rally in Tesla’s