Why Tesla Stock Surged Higher on Monday

Shares of Tesla (NASDAQ: TSLA) surged higher on Monday. The stock was up more than 9% as of 11:07 a.m. EDT.

The stock's sharp move higher follows the automaker's stock split. Shares began trading on a split-adjusted basis Monday morning, opening up the trading day at about $445 -- a fifth of where the stock was trading previously. But shares have soared since market open.

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Source Fool.com