Tesla shares (TSLA) reached an all-time high on Thursday, breaking the $2,000 threshold and trading as high as $2,003.16 per share.
After opening at $1,860.68, prices quickly skyrocketed more than $100 during morning trading. The likely reason for the upward trajectory is due to investors eager to get a piece of the pie before the 5-for-1 stock split happening later this month.
According to a statement from Tesla on August 11, any shareholder as of August 21, 2020 will be eligible for the stock split.
With the record-breaking highs seen today, the automaker now has a market capitalization of more than $371 billion.