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Tesla Adds $84 Billion to Valuation on Stock-Split Signal

  • Stock-split announcement spurs further rally in shares
  • One-day gain would be greater than Ford’s entire market cap
Bloomberg business news
Tesla Announces Shanghai Factory Suspension, Stock Split
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Tesla Inc. added about $84 billion to its stock-market value on Monday, more than Ford Motor Co.’s entire market capitalization, 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 Inc. saying earlier this month that it will do a 20-for-1 stock split, followed by Alphabet Inc.’s own plan announced in February, as these companies try to make their lofty stocks more attractive for individual investors.