Tesla Shares Shoot Up 7% After The Accidental Of Five-For-One Stock Split.

$Tesla(TSLA.US)$ stock jumped as much as 7% in after-hours trading tuesday after the company introduced a five-for-one stock split to make stock ownership more accessible to employees and investors, set to go Into effect on August 31.

Tesla's stock is on a roll this year, challenging challenges presented by the coronavirus pandemic. Shares have risen more than 200% since January to $1,374.