Why Tesla's stock is so much cheaper today?

[{"selector":"#anim-985c7f28-e0f9-491b-a719-a0c0d3d023be","keyframes":{"opacity":[0,1]},"delay":800,"duration":800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8dedc085-1c73-4157-bb4f-4b367163f23e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(41.28289470557518%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The price of Tesla's shares is expected to decline at the beginning of the hour of Thursday's trading however

[{"selector":"#anim-7d14a14d-e458-4581-90a1-9da531c44403","keyframes":{"opacity":[0,1]},"delay":800,"duration":800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8a094848-9ef6-4c32-956a-1c8be8e877b4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(2.1052631828725517%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] not due to any of the things Elon Musk posted on Twitter about the need for electric cars, 'full self-driving' capabilities

[{"selector":"#anim-071257c6-9c0f-4286-a870-a0e02a2bfb6e","keyframes":{"opacity":[0,1]},"delay":800,"duration":800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b4e9aa2f-9d60-450f-b541-82ca45a8b2e0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(14.843749786673241%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] The electric car manufacturer announced a stock split of 3 for 1 following the close of business Wednesday

[{"selector":"#anim-3dbbc9d5-b6a9-45c8-8e44-6312b56d7522 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.499999772451451%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-52be98f3-faf5-4566-9650-a69910cdb6b2","keyframes":{"opacity":[0,1]},"delay":800,"duration":800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] This means that one share is now only a third of what it was a few days earlier. Tesla (TSLA) traded at $891 on Wednesday

[{"selector":"#anim-9c6b7b5d-89fa-4877-b3ad-b8414a4cb343","keyframes":{"opacity":[0,1]},"delay":800,"duration":800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0e8133d4-e6f9-4366-b391-01e7622010f9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.812499744007886%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] That means that it traded just under $300 on Thursday.

[{"selector":"#anim-91bb68b7-569a-4819-89ba-66812c51f059","keyframes":{"opacity":[0,1]},"delay":800,"duration":800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e66a04c0-3721-4598-95ff-40b1c46e9ced [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-36.842105195371325%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Tesla agreed to this split on June. It was the second split of this kind in the last two years.

[{"selector":"#anim-e6343f38-2ba1-4140-8f70-821d3b31bd7c","keyframes":{"opacity":[0,1]},"delay":800,"duration":800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-76affa8a-7227-4394-a3ed-df3a64c4f8b1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Tesla share is currently "cheaper," keep in mind that nothing is changed when it comes to Tesla's value.

[{"selector":"#anim-0c7c47f9-290c-4471-9875-e5e3d06104fc","keyframes":{"opacity":[0,1]},"delay":800,"duration":800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c7d54a3d-eaf8-41a7-82f1-27cbe8185e1c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-29.646277868930877%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The company's market value remains more than $930 billion even after the split.

[{"selector":"#anim-7576a490-6fd9-4434-8a06-1540181f9682","keyframes":{"opacity":[0,1]},"delay":800,"duration":800,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-35e91a6f-d4e2-4905-b7c3-81edfec76829 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.816914971664188%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] The only thing that has changed since the split in the stock changed is that current investors have three times the shares of Tesla