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Tesla Stock Reaches $2,000 Amid Soaring Interest in EV Companies, 5-to-1 Stock Split Announced

posted by martyb on Saturday August 22 2020, @12:35PM   Printer-friendly
from the ev.com-bubble? dept.

Freeman writes:

Tesla stock reaches $2,000 amid soaring interest in EV companies:

Tesla's stock closed at a record high of $2,000 on Thursday, pushing the company's market capitalization to $370 billion. Tesla has been on a weeklong rally since announcing a five-for-one stock split. The split will be distributed to anyone who holds the stock tomorrow—Friday, August 21.

A little more than two months have passed since Tesla's stock first reached $1,000 per share. Last month, Tesla announced a solid second-quarter profit of $104 million. It was the fourth straight quarter of profits.

That could qualify Tesla for inclusion in the S&P 500 stock index. If Tesla wins a slot in the S&P 500, funds that track the index would need to buy Tesla shares. That could push the stock price up even further.

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  • (Score: 2) by EvilSS on Saturday August 22 2020, @02:09PM

    by EvilSS (1456) Subscriber Badge on Saturday August 22 2020, @02:09PM (#1040369)

    site was confusing, do you buy from mint directly, or do you have to go through local coin dealers?

    You can't buy it direct unless you are a registered dealer.* After all, can't just put that unnecessary layer of middlemen inserting themselves in the transaction out of business now can we?

    *Exception is for proof coins, but the markup is astronomical if you are buying for bullion value.

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