Tesla Hits Another All-Time High as Shares Reach $500 After Stock Split

Tesla today traded for the first time at its 5-to-1 stock split-adjusted price, and the company again hit another all-time high.

Shares of Tesla touched $500.14 per share during trading on Monday, which is the equivalent of $2,500.70 per share, prior to its stock split. Tesla’s market cap is now at $464.3 billion, as it continues to increase at a staggering pace.

In after hours trading, Tesla continues to surge, as the price as of writing is at $507 per share, up nearly 2%.

Infographic comparing Tesla's market cap with other automakers. $TSLA $TM $VOW $DAI $RACE pic.twitter.com/pU1oA0bOXs

— CompaniesMarketCap.com (@CompaniesMarke1) August 31, 2020

What a chart. $TSLA ends up over 12.5% just today.

Here's the 5-year chart. https://t.co/wr6pmKXfpQ pic.twitter.com/swTxCGNEJx

— Joe Weisenthal (@TheStalwart) August 31, 2020

Earlier today, Argus raised its Tesla split-adjusted price to $566 per share, while the recent run of Tesla’s stock has now made CEO Elon Musk richer than Facebook CEO Mark Zuckerberg.

How much higher can Tesla go? With Battery Day coming up later in September, all eyes are on the company to see what surprises are in store that may send its stock price surging even higher.