Tesla breaks $2,000 barrier ahead of 5-1 stock split

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.

Tesla shares August 20 2020

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.

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