The stock price rose 6.56% to close at 2001.83 US dollars. For the first time, the stock price broke through the $2000 mark and its market value exceeded 373.034 billion US dollars. Tesla has risen by more than 370% so far this year, 470% from the March low of $350.51 and 1030% from the low of $176.99 in June last year. Tesla’s board of directors has approved and announced a stock split plan to split its common stock in the form of a 1:5 dividend to make it easier for employees and investors to acquire the company’s shares, which will take effect on August 31, Tesla said in a statement late Tuesday. This is also Tesla’s first split since it went public.