Tesla proposes a three-way stock split to make its stock more accessible

“While this value appreciation has resulted in great benefits for our employees over the years,” the business writes, “we want to ensure that all employees, regardless of when they join, have access to the same advantages.”

The stock of the electric vehicle manufacturer closed Friday at $696.69 a share, down 22 percent from the previous day and with a total market valuation of more than $721.8 billion. However, at such high prices, it is difficult for individuals — particularly retail traders utilizing platforms such as Robinhood — to hold more than fractional shares of the corporation.