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Shares in Tesla, the electric car maker, of which Elon Musk is the chief executive, rose 12.57 percent yesterday. Thus, the value of Tesla increased by $ 64 billion in just one day, reaching $ 476 billion. Tesla thus surpassed the Visa of 451,000 million dollars and became the seventh most valuable company in the United States.
Tesla, which went public in 2010 with a market value of $ 1.9 billion, reached a market value of $ 64 billion in 2019 alone. In other words, the company has reached its 9-year high in 1 day.
Tesla shares have gained investors 200 percent in the last 3 months. In 2020, it increased by 462 percent. Growing interest in electric vehicles around the world and Tesla’s better-than-expected sales were actually on the rise this year.
SHARES DIVIDED IN 5
However, the stock split was effective at an 80 percent increase from Aug. 11 and yesterday’s 12.57 percent increase. Teslay’s management decided to split the company’s shares by 5 on August 11, and this decision was implemented as of yesterday. If you had 1 share of Tesla on Friday, yesterday it rose to 5 shares. Therefore, its unique value is divided by 5. For this reason, the stock traded above $ 2,220 on Friday, started the day at $ 444 yesterday and closed the day at $ 498.
This split decision was made to make the shares more accessible to small investors. Analysts said the combination of morale created by stock indices, which are currently at record highs in the US, and the ‘cheap stocks’ psychology created by this division brought the surge yesterday.
Added wealth to his wealth
Meanwhile, Elon Musk’s fortune rose from $ 104 billion to $ 115 billion in just one day yesterday, with the effect of rising Tesla shares. Elon Musk is currently the third richest person in the world, according to the Bloomberg Billionaires Index.
