Shulou(Shulou.com)11/24 Report--

Phoenix New Media Technology News Beijing time August 26 news, Tesla's second stock split plan in many years officially came into effect on Thursday, closing down slightly by 0.35%. Tesla's share split is designed to attract more retail investors.

Tesla opened Thursday at $302 and closed at $296.07. The 1:3 split allows investors to receive two more shares for each share they hold as of Aug. 17. Before Thursday's split, the stock closed at $891.29 on Wednesday.

Tesla's share price fell 0.35% after the split.

Tesla listed in 2010 at an offering price of $17 a share. A decade later, its share price soared to a peak of $2000, making it one of the highest on Wall Street, making it difficult for small investors to invest in the high-growth stock. Tesla decided to split the stock at 1:5 in August 2020 and had a market capitalization of more than $1,000bn in 2021.

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