If You Invested $1000 In Tesla When Elon Musk Posted 'Funding Secured' 5 Years Ago, Here's How Much You'd Have Now
Portfolio Pulse from Shanthi Rexaline
Tesla, Inc. (NASDAQ:TSLA) shares have seen a significant rise over the past five years, despite a period of uncertainty when CEO Elon Musk faced a liquidity crisis and potential bankruptcy ahead of the Model 3 launch. Musk's infamous 'funding secured' tweet led to a temporary stock plunge and legal issues, but the stock recovered and continued to surge as the company's fundamentals improved. A $1,000 investment in Tesla on August 7, 2018, would be worth about $10,034 today, a return of 1,003% over a five-year period.
August 07, 2023 | 12:18 pm
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Tesla's stock has seen a significant rise over the past five years, despite a period of uncertainty and legal issues. The company's improved fundamentals and successful product launches have contributed to this growth.
The article details the journey of Tesla's stock over the past five years, highlighting the company's resilience in the face of adversity. Despite facing a liquidity crisis and potential bankruptcy, as well as legal issues stemming from Musk's 'funding secured' tweet, the company managed to recover and see significant growth in its stock. This was largely due to improved fundamentals and the successful launch of products like the Model 3 and Model Y SUV.
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