If You Invested $1,000 In Tesla Stock When Elon Musk Acquired X.com, Here's How Much You'd Have Today
Portfolio Pulse from Chris Katje
Elon Musk's acquisition of X.com and subsequent investments in Tesla Inc (NASDAQ:TSLA) and Twitter have yielded significant returns for investors. A $1,000 investment in Tesla when Musk acquired X.com would be worth $10,633.53 today, a return of 963.4% over the last six years. The same investment in PayPal (NASDAQ:PYPL) would have yielded a 6.3% return, while an investment in Twitter would have resulted in a 195.6% return.
August 17, 2023 | 8:16 pm
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eBay's acquisition of PayPal in 2002 netted Musk a significant payout, which he used to fund the launch of SpaceX and his investment in Tesla.
The news highlights eBay's role in funding Musk's ventures, but does not provide specific information on the impact on eBay's stock price.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
PayPal's stock has seen a modest increase since Musk sold X.com back to the company, with a $1,000 investment now worth $1,062.92.
The news highlights a modest return for those who invested in PayPal after the company sold X.com back to Musk. This could potentially have a positive impact on the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Tesla's stock has seen a significant increase in value since Musk's acquisition of X.com, with a $1,000 investment in 2017 now worth $10,633.53.
The news highlights the significant return on investment for those who invested in Tesla when Musk acquired X.com. This positive financial performance is likely to boost investor confidence and potentially drive up the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100