Recently, Elon Musk let us in on a fascinating piece of history during a chat where he referred to a 2016 interview with renowned actor Morgan Freeman. In that interview, Freeman openly mentioned owning shares of Tesla, a company that has remarkably transformed over the years. This revelation has sparked a lot of interest, especially since Tesla’s stock has seen astonishing growth from around $13.50 a share back then to nearly $415 today. Imagine how much a simple investment could have turned into!
How Much Has Tesla Stock Grown?
If you think about it, if someone invested $10,000 in Tesla stock in 2016, that investment would now be worth approximately $307,000! That’s right, a whopping 3,000% return on investment. This phenomenal rise reflects how Tesla has not only become a car manufacturer but a powerhouse in the electric vehicle market.
- The company’s market capitalization surged from roughly $30 billion to around $1.3 trillion.
- Tesla’s revenue increased from $7 billion in 2016 to an impressive $97 billion in 2023.
- Operating profits shifted dramatically from a loss of over $600 million to nearly $9 billion.
Freeman’s Investment Mystery
Current Views on Tesla Stock
What Analysts Are Saying
Future Predictions and Plans
Should You Buy Tesla Stock Now?
