Tesla stock just breached $2000, sets a lofty new record

Elon Musk must be happy today, with Tesla Motors stock surging past $2000 setting yet another record, market cap at $370 billion.

@anthony256
Published Fri, Aug 21 2020 7:53 AM CDT   |   Updated Fri, Aug 21 2020 12:56 PM CDT

Tesla stock isn't stopping right now, with the electric vehicle giant seeing its stock hit a record high, breaching $2000 on Thursday.

Tesla stock just breached $2000, sets a lofty new record 888 | TweakTown.com

The increase in Tesla stock prices jolted the market capitalization to $370 billion,with Tesla silently driving upwards into its five-for-one stock split that comes on August 21, where it gets distributed to anyone who has Tesla stock.

Once this happens, it could see Tesla be included in the S&P 500 stock index, where if Tesla can secure a place in the S&P 500, funds that track the index are required to buy Tesla shares. We all know what happens from there, Tesla shares continue to skyrocket.

Tesla started off the week at $1680 and has surged through to $2000 and beyond, we are in for an interesting next 24 hours and then over the next week at this rate.

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Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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