8/31, 4:31 PM (Source: TeleTrader)
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Tesla jumps 5% following stock split

Tesla Inc. went up by more than 5% on Monday after the company conducted a 5:1 stock split earlier today.

The first stock split in the California-based firm's history was announced on August 11 when the share price stood below $1,400, while it closed Friday's session at $2,213.40 ahead of the split.

The electric vehicle maker's shares opened $444.61 on Monday. At 10:30 am ET, Tesla surged 5.76% to sell for $468.2 per share.

Breaking the News / GA