Tesla’s stock (TSLA) surge 3% after the stock split today

Tesla’s stock (TSLA) surge 3% after the stock split today

Shares of Tesla Inc. TSLA, +10.01% surged 3.0% in premarket trading Monday, as the electric car maker’s 5-for-1 stock split was set to take effect after the opening bell, but has pared earlier gains. The stock closed Friday at $2,213.40, which has now been adjusted to $442.68 to reflect the stock split.

The last after-hours trade at the pre-split-adjusted price was the equivalent of $2,216.99 according to FactSet, representing a 0.2% gain, while the first trade at the split-adjusted price early Monday was $468.10, which represented a 5.7% gain. Tesla’s stock has rocketed more than fivefold (up 429.1%) year to date through Friday, while the S&P 500 SPX, -0.02% has gained 8.6%.

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