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8/24, 4:14 PM (Source: TeleTrader)
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Tesla shares fall below $2,000 ahead of 5:1 split

Shares of Tesla fell below the $2,000 mark on Monday after closing at an all-time high during the previous session.

The company's meteoric stock price rise came ahead of a planned five-to-one share split, set to take effect on August 31. After its record close on Friday, Elon Musk's company was worth more than the combined values of oil giants ExxonMobil, Shell, and BP.

Shares of Tesla dropped 3.27% to $1,980 per share at 10:05 am ET.

Breaking the News / JC