Yesterday was the 10th anniversary of Tesla’s initial public offering (IPO), when on June 29, 2010, you could buy a piece of Tesla for $17 per share.
Today Tesla is one of the most valuable automakers in the world, employing over 48,000 people around the world, and has single handedly transformed the automotive industry after the release of the Model S in 2012.
That has resulted in the stock price skyrocketing to all-time highs of more than $1,000 per share in recent weeks.
There were some ups and down over that time, but if you stuck it out over the 10 years, that’s a return of 5,677%, or an average of 45% per year.
That means if you had invested $1,000 on June 29, 2010, your portfolio would now be worth the tidy sum of about $58,000. Enough to buy a Standard Range Plus (SR+) Model 3 outright, and still have a little left over.
What do you think the price of TSLA will be in another 10 years?