If you had invested $1,000 in Tesla stock at the IPO, here’s what you would have today – Tesla (NASDAQ:TSLA)

Market leader in electric vehicles Tesla Inc TSLA went public on June 29, 2010. Investors who bought and held the IPO have since been pleasantly rewarded. Here’s a look at how much investors have invested in the IPO.

What happened: Tesla went public on June 29, 2010 at a price of $17 per share. The company increased the size of the offering and the price was above an expected range of $14 to $16.

Tesla CEO at the time Elon Musk was asked in a Bloomberg interview about the IPO and whether investors are taking a leap of faith by investing in the company.

“When people see who has invested in the IPO, they are the smartest and most long-term investors out there,” he replied.

He added: “[it’s] It’s worth noting that the smartest money in the world bets on Tesla. You must have a reason for it.”

Tesla shares closed up 40.5% at $23.84 on the first day of public trading. The stock has been one of the top performers over the past 12 years.

Related Link: Tesla Q4 Earnings Highlights: Sales and EPS Beat, Cybertruck and Crypto Inventory Updates, and More

Investing $1,000 in Tesla’s IPO: A $1,000 investment in Tesla stock at the IPO price of $17 could have purchased 58.82 shares of TSLA.

Tesla had a five-for-one stock split in 2020 that would have turned the shares into 294.10 shares of TSLA. A 3-for-1 stock split in 2022 would have converted the IPO investment into 882.30 shares of TSLA.

Based on a price of $185 for Tesla at the time of writing, the $1,000 investment in the IPO would be worth $163,225.50 today.

Tesla shares hit an all-time high of split-adjusted $409.97 in November 2021. The same hypothetical $1,000 investment in the IPO would have been worth $361,716.53 at Tesla’s all-time stock high.

Analysts and investors envision several catalysts for Tesla, including increased production capacity, a new lower-cost electric vehicle, and the much-anticipated launch of the Cybertruck electric pickup truck.

Read on: Here’s how many vehicles Tesla has shipped and produced each quarter since 2019

Photo: Pixabay