Tesla sets 5-1 stock split and its high-flying stock soar again

Tesla's stock, which traded at $1,475 after the announcement, is among the highest priced on Wall Street, and the Palo Alto, California-based company said in a press release it was looking to make its shares more accessible to employees and investors.Tesla's stock has surged over 200% this year, while shares of General Motorsand Ford Motordeclined on fallout from the coronavirus pandemic.Stock splits are a way for companies to make shares more accessible to retail investors, potentially attracti