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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: 3, Touché) by JoeMerchant on Saturday August 22 2020, @04:55PM (2 children)

    by JoeMerchant (3937) on Saturday August 22 2020, @04:55PM (#1040451)

    What goes up must come down.
    What must rise must fall...
    And what goes on in your life
    Is writing on the wall!

    If all things must fall,
    Why build a miracle at all?
    If all things must pass,
    Even a miracle won't last.

    What goes up must come down.
    What must stand alone?
    And what goes on in your mind
    Is turning into stone!

    If all things must fall
    Why build a miracle at all?
    If all things must pass,
    Even a pyramid won't last...

    How can you be so sure?
    How do you know what the end will endure?
    How can you be so sure
    That the wonders you've made in your life
    Will be seen
    By the millions who'll follow to visit the site
    Of your dream?

    What goes up must come down...
    What goes 'round must come 'round...
    What's been lost must be found...

    --
    🌻🌻 [google.com]
    Starting Score:    1  point
    Moderation   +1  
       Touché=1, Total=1
    Extra 'Touché' Modifier   0  
    Karma-Bonus Modifier   +1  
    Total Score:   3  

  • (Score: 0) by Anonymous Coward on Sunday August 23 2020, @12:50AM (1 child)

    by Anonymous Coward on Sunday August 23 2020, @12:50AM (#1040578)

    Thanks, had not heard that before!

    • (Score: 2) by FatPhil on Sunday August 23 2020, @09:45PM

      by FatPhil (863) <{pc-soylent} {at} {asdf.fi}> on Sunday August 23 2020, @09:45PM (#1040926) Homepage
      Alan Parsons Project. Has some very good stuff in his oeuvre. I do have an autographed copy of /Pyramid/ somewhere. I think I probably want /Old and Wise/ played at my funeral.

      Thanks JM for the reminder, I shall retire to that album tonight.
      --
      Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves