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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

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Tesla was by far the most-purchased stock among Fidelity customers on Monday, according to data from the brokerage firm; Photo: Luke Sharrett/Bloomberg

Bloomberg
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

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First Published: Mar 30 2022 | 12:10 AM IST

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