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Tesla hits a new mythical record price: $ 2,000.
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There is no brake on the absolute stock market star of the moment. Tesla
demolishes a new wall. The electric carmaker pulled higher by 6.6 percent on Thursday and broke the mythical $ 2,000 barrier. That is ten times the rate a year ago.
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Tesla briefly reached the price cap around 7:05 pm our time and then fell victim to profit taking. Just before the closing bell on Wall Street, the stock rallied again to eventually close at $ 2,001.
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Tesla fell to $ 350 in March, so it’s nearly fivefold in value since then. The stock is extremely popular with the hordes of young investors hunting for cutting-edge tech stocks, the so-called robinhoods.
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The dizzying rally prompted CEO Elon Musk to announce a stock split last week. This intervention is intended to make the share more accessible. As of August 31, Tesla will split its share into five. But the essential deadline for the split is already Friday. Until the closing bell on August 21, you will be entitled to the new shares. Each shareholder receives four additional shares per share at the adjusted price.
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Although the share is only ‘optically’ cheaper, the procedure was not without effect. Since the announcement of the split, Tesla has pulled up 40 percent.
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The market value of Tesla is about 372 billion dollars.
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