With Tesla Motors (NASDAQ: TSLA), Elon Musk’s electric vehicle (EV) maker and one of the most recognizable names in its industry performing as it did in the first four-odd months of 2024, it can be easy to forget that for most of existence, it has been a highly lucrative investment.
Indeed, though the stock is, even after a recovery initiated with the latest earnings report, one of the worst performers of the S&P 500 of the year and is down 28.42% since January 2.
On the other hand, even a slight zoom-out into a longer time frame reveals that TSLA has, overall, been growing fairly steadily in the stock market, being 4.75% in the green in the last 52 weeks and 1,013.40% on the 5-year chart.
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How much would have a TSLA investment at IPO be worth now?
As dramatically evidenced in the difference between the 1-year and the 5-year chart, the growth of TSLA stock price becomes massively more impressive the longer the time frame and, as one might expect, there would have been few better times to invest in the EV maker than upon its initial public offering (IPO).
This fact, however, leaves the question of just how much have an investment made as soon as Elon Musk took the firm public be worth now?
After accounting for the splits that took place during the last decade and a half, TSLA stock was worth $1.28 apiece in July 2010 – shortly after the EV maker’s IPO – meaning that a $1,000 investment at the time would have bought 781 shares.
Given that Tesla stock price today stands at $177.15, it means that a $1,000 investment in TSLA shares made in 2010 would, by May 2024, be worth just under $140,000 – almost a 14,000% rise.
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