The daily business briefing: August 13, 2020
1.
Tesla shares surged by more than 13 percent on Wednesday, a day after the electric-car maker announced plans for a 5-to-1 stock split. Tesla's stock has gained more than 500 percent over the last year as the company reached profitability and hit many of its targets for deliveries of its first mass market car. Tesla's rise above $1,500 a share has generated interest, but a share split does nothing to change a stock's fundamentals. "Any value in the stock that's created by this is false," CNBC's Jim Cramer said on Squawk Box. Читать дальше...