![]() Stock splits "certainly have a higher appeal to retail investors and makes their options more affordable as well," said Art Hogan, chief market strategist at B. This is the second stock split by Tesla in as many years and follows similar moves by high-growth companies such as (AMZN.O) and Google-parent Alphabet (GOOGL.O) to address the growing need to diversify investor base. It had closed at $891.29 before the split on Wednesday. The stock opened at $302 and closed at $296.07 as the split allowed investors to get two additional shares for each they owned as of Aug. Aug 25 (Reuters) - Tesla Inc's (TSLA.O) shares closed 2% lower on Thursday as a three-for-one stock split announced by the world's most valuable automaker to woo retail investors came into effect.
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