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If You Bought 1 Share of Tesla Stock at Its IPO, Here's How Many Shares You Would Own Now [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Amid this success, having faith in Elon Musk's vision for Tesla has paid off for investors, but the degree to which its early investors have benefited may come as a surprise. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » If anyone had bought one share of Tesla's IPO at $17 per share, they would own 15 shares after a 5-for-1 split in 2020 and a 3-for-1 split in 2022. Those shares would be worth almost $321 each as of Nov. 15, or $4,815 in total, a 283-fold return. Tesla defied the odds on many levels. For years, three large U.S. companies dominated the auto industry. Given the high fixed costs of starting a car company, none had recently entered the business successfully until Tesla. Additionally, Tesla dominates the electric vehicle (EV) market in the U.S., according to the Energy Information Administration. This is notable as many consumers have resisted the technology, and numerous legacy manufacturers have scale
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