Was Tesla stock ever $800?
Tesla Stock Finally Crosses $800 After a Blowout Month in China - Barron's.
Tesla's share price has dropped about 60% from its 2021 all-time high of $407.
Tesla went public on June 29, 2010 at $17 per share.
By comparison, Li Auto's forward earnings metrics are 15.1x for 2024, 11.3x for 2025, and 8.9x in 2026 — much more attractive. Equally, the all-important price-to-earnings-to-growth (PEG) ratio is 3.6 for TSLA. This is by no means an enticing ratio, and it infers that Tesla stock is overvalued considerably.
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PUBLISHED: June 10, 2020 at 8:09 a.m. | UPDATED: June 10, 2020 at 2:50 p.m. Tesla was a star on Wall Street, Wednesday, as investors threw their weight behind the electric carmarker and drove its share price to a record high, and close above $1,000 for the first time in the company's history.
How Much Has Tesla Grown in the Past 10 Years? As of March 28, 2024, the price of Tesla's stock was $175.79. Ten years ago, at market close on March 28, 2014, Tesla's stock was trading at $14.16 per share. This means that $10,000 invested in Tesla in March 2014 would be worth about $124,145 today.
Elon Musk owns the most shares of Tesla (TSLA).
Tesla Motors (NASDAQ: TSLA) originally unveiled the Model S in March 2009 with a base price of $57,400 ($49,900 after federal tax credits).
The closing price for Tesla (TSLA) in 2011 was $1.90, on December 30, 2011. It was up 6.4% for the year. The latest price is $168.39.
Shares of Tesla fell as Wells Fargo said the EV maker is likely to see no sales growth in 2024. The bank cut its rating on the stock to underweight and lowered its price target to $125 from $200. Tesla's struggling to sell cars even as it lowers prices in various markets, and that's affecting its profit.
Why is Tesla stock sinking?
Wednesday's drop was triggered by a Wall Street analyst who slashed his sales and earnings estimates and price target. He sees too many headwinds to stay neutral on the stock. Wells Fargo analyst Colin Langan is the bearish analyst. On Wednesday, he downgraded Tesla stock to the equivalent of Sell from Hold.
Tesla stock has plunged this year because Elon Musk has too many unfinished projects, Ross Gerber said. The Tesla investor said the firm was now being valued by investors primarily as a car company. Gerber has criticized Musk for his leadership of Tesla over the last year.
The closing price for Tesla (TSLA) in 2018 was $22.19, on December 31, 2018. It was up 6.7% for the year. The latest price is $175.79.
The closing price for Tesla (TSLA) in 2014 was $14.83, on December 31, 2014. It was up 48.5% for the year. The latest price is $170.83.
The average closing price for Tesla (TSLA) in 2015 was $15.34. It was up 7.7% for the year. The latest price is $166.60.
How Much Has Tesla Grown in the Past 10 Years? As of March 28, 2024, the price of Tesla's stock was $175.79. Ten years ago, at market close on March 28, 2014, Tesla's stock was trading at $14.16 per share. This means that $10,000 invested in Tesla in March 2014 would be worth about $124,145 today.
What Could Come Next. Tesla stock hit a new all-time high in Friday trading, and closed at a record. The stock's recent run has been incredible.
If you had invested in Netflix ten years ago, you're probably feeling pretty good about your investment today. According to our calculations, a $1000 investment made in February 2014 would be worth $9,138.15, or a gain of 813.81%, as of February 12, 2024, and this return excludes dividends but includes price increases.
These three are gigantic trillion-dollar companies today, but they weren't always that large. Apple debuted on the public markets in 1980. If you invested $1,000 in the company, then your investment would now be worth nearly $1.5 million.
A $1 investment in the company five years ago would leave you with $10.98 today. It gets progressively worse from there. As those numbers show, investing in Tesla over the last couple of years would have been a losing bet — and in the case of a year ago, a losing bet of more than one-third.
Who owns 100% of Tesla?
Tesla's CEO, Elon Musk, owns the most shares of Testla, with roughly 20%. Other big investors are asset management companies Vanguard Group, Blackrock, and State Street Corporation. Musk's younger brother, Kimbal, is one of the individual shareholders who owns a large holding in Tesla.
Tesla is the world's most valuable auto manufacturer, with a market capitalization of $611 billion. CEO Elon Musk is by far the largest shareholder, with over 20% of the company's equity. Besides Musk, the largest shareholders are asset management companies like BlackRock, Vanguard, and State Street.
Plus, Tesla does not pay a dividend to shareholders. As a result, we believe income investors looking for lower volatility should consider high-quality dividend growth stocks. The Dividend Aristocrats are a group of 68 stocks in the S&P 500 Index with 25+ consecutive years of dividend growth.
“While an EV and battery technology leader, Tesla screens poorly relative to Mag 7 peers,” Wells Fargo's Langan said, noting the valuation discrepancy. The analyst lowered his 2024 profit estimate for the company to $2 a share from $2.40.
The three went looking for venture capital (VC) funding in January 2004 and connected with Elon Musk, who contributed US$6.5 million of the initial (Series A) US$7.5 million round of investment in February 2004 and became chairman of the board of directors. Musk then appointed Eberhard as the CEO. J.B.
