Tesla completed his second split in many years, and the share price fell slightly.

Phoenix New Media Technology News Beijing time August 26 news, Tesla's second stock split plan in many years officially came into effect on Thursday, closing down slightly by 0.35%. Tesla's share split is designed to attract more retail investors.

Tesla opened Thursday at $302 and closed at $296.07. The 1:3 split allows investors to receive two more shares for each share they hold as of Aug. 17. Before Thursday's split, the stock closed at $891.29 on Wednesday.

Tesla's share price fell 0.35% after the split.

Tesla listed in 2010 at an offering price of $17 a share. A decade later, its share price soared to a peak of $2000, making it one of the highest on Wall Street, making it difficult for small investors to invest in the high-growth stock. Tesla decided to split the stock at 1:5 in August 2020 and had a market capitalization of more than $1,000bn in 2021.