TSLA - If You'd Invested $10000 in Tesla Stock 12 Years Ago Here's How Much You'd Have Today
2024-06-09 03:25:00 ET
Tesla (NASDAQ: TSLA) saw incredible demand for its electric cars over the last decade, and that success translated into life-changing returns for shareholders who were fortunate to get in early. A $10,000 investment just a couple of weeks before Tesla launched the Model S in June 2012 would be worth $914,010 today. It would have been worth more than $2.2 million at the stock's all-time high in October 2021.
Tesla has run into some roadblocks this year. Higher interest rates made financing a new car more expensive for customers. The company continues to look for ways to trim manufacturing costs, reduce prices, and sell more cars. Here's why buying Tesla stock i n 2024 could still deliver great returns.
Tesla's market cap was less than $3 billion in 2012. Today, its market cap hovers around $550 billion, or 6.5 times the company's trailing-12-month revenue.
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If You'd Invested $10,000 in Tesla Stock 12 Years Ago, Here's How Much You'd Have Today