Electric vehicle maker Tesla Inc
announced its intention to conduct a 5-to-1 stock split (split 1 share by 5), after which the company's shares rose 7% to trade at $ 1,475 on the postmarket. Tesla
shares are among the most expensive on Wall Street today. At the same time, Elon Musk's company said in a press release that it seeks to make its shares more accessible to employees and investors. Split aims to solve this problem. In this way, the company makes its shares more attractive to retail investors, including "physicists" who make small deals. Tesla's high cost did not allow all investors to trade in the company's shares. But the stock split will attract more potential investors and enable the company to get even more investment, which will be a good incentive for the stock to rise. Although the company has already shown very good results over the past year.