Tesla was at $38 a few years back.

Now its at $860ish.

Splits.

If you really wanna go nuts, the stock split king for tech is Microsoft, with 9, yet its also at its highest point per share than ever.

Stock splits aren't a good reason for a low stock price, in fact, usually if a stock is hot enough in demand to split, after the split, the prices almost always eclipses the pre-split price.