• Business

Made a Split and Jumped: Another huge win for Ayalon Musk

Tesla made a 5-to-1 split on the stock, responding with a 12.5 percent jump, continuing the hysterical rise from the beginning of the year.

Split also to Apple, which rose 3.5 percent

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Monday, 31 August 2020, 23:15

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In the video: Apple, Google, Amazon and Facebook were questioned at the US Congress about harming competition (Photo: Reuters, Editing: Nir Chen)

Elon Musk cannot be defeated.

The Silicon Valley ace made another move with Tesla today (Monday).

The capital market was eager to see how investors would react to the split of the electric vehicle giant - and they reacted hugely.

Tesla split 1 to 5 and the stock rose 12.5 percent at the close.

Tesla has completed an increase of about 440 percent since the beginning of the year, and all this after it too was hit by the March-April crisis.

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Musk (Photo: Gettyimages)

Another company that made a split is our informant Apple, which has risen "only" by 3.5 percent and completed a dream month since the reports in late July.

Apple's split was 1 in 4.

Split is a situation in which the company's shares split at a predetermined rate.

The value of the shares in the hands of the investors does not change, however they have more shares to trade in.

In other words, if Apple stock was worth over $ 500 and you had 4 stocks worth $ 2000, today you have 16 stocks, with each stock worth $ 125.

This increases the marketability of investors.

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