Tesla closes above $2,000 per share
Shares of Tesla rose 7% on Thursday to close at an all-time high of $2,001.83 per share.
It was the first time that the automaker, led by Elon Musk, crossed the $2,000-per-share threshold. Tesla’s market capitalization is valued at nearly $372 billion.
Tesla earlier this month announced its first 5-for-1 stock split. At the end of trading on Friday, each shareholder will receive four additional shares for each they own, to be distributed at the end of trading on August 28.
Tesla will begin trading on a stock-split-adjusted basis on August 31. Tesla is rising and oil stocks are falling
Tesla is now reportedly worth more than ExxonMobil, Shell, and BP Combined
It is also the most valuable automaker in the world.
Report by: OGP/Segun Cole , Please email us your industry related news for publication info@OilAndGasPress.com
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