What does Tesla's stock split mean?
On Monday, in surprise, Tesla's shares rose to an all-time high as a large number of investors traded to own shares in the company.
With this rise in the value of the shares of the company, some indications emerged of the company’s accession to the S&P 500, and after the opening on Monday, the company's market value rose to $ 321 million, to become the tenth largest stock in the US stock market by value.
Indeed, these gains came after the huge rise in Tesla shares, which amounted to 13.5% to reach the share price of $ 1752, and since the beginning of this year the stock has risen by 300% of its value, and earlier in July, Tesla was topping the list as the largest manufacturer in the world in terms of Market value.
The stock had increased by 55% in July, despite the challenges, but it easily exceeded the second-quarter delivery capacity of 90,650 vehicles, compared to the estimated delivery of 72,000 vehicles.