If You Invested $1,000 In Tesla Stock The Last Time Elon Musk Was At Detroit Auto Show, Here's How Much You'd Have Today
Portfolio Pulse from Chris Katje
Tesla Inc (NASDAQ:TSLA) is returning to the Detroit Auto Show after eight years. The last time Tesla and CEO Elon Musk attended the show, an investment of $1,000 in Tesla stock would have yielded $19,790.36 today, a return of 1,879.0%. In comparison, the same investment in Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM) would have returned $1,281.95 and $1,205.90 respectively. An investment in the SPDR S&P 500 ETF Trust (NYSE:SPY) would have returned $2,574.29.
September 13, 2023 | 2:35 pm
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NEUTRAL IMPACT
Ford's participation in the Detroit Auto Show could potentially impact its stock, but the historical return on investment is significantly lower than Tesla's.
While Ford's participation in the Detroit Auto Show could potentially impact its stock, the historical return on investment for Ford is significantly lower than that of Tesla, indicating a potentially lower growth potential.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
General Motors' participation in the Detroit Auto Show could potentially impact its stock, but the historical return on investment is significantly lower than Tesla's.
While General Motors' participation in the Detroit Auto Show could potentially impact its stock, the historical return on investment for General Motors is significantly lower than that of Tesla, indicating a potentially lower growth potential.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (NYSE:SPY) has shown a return of 157.4% since 2015, lower than Tesla's return but higher than Ford's and GM's.
The SPDR S&P 500 ETF Trust has shown a return of 157.4% since 2015. This is lower than the return on Tesla's stock but higher than the returns on Ford's and GM's stocks, indicating a moderate growth potential.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Tesla's return to the Detroit Auto Show could increase brand awareness and attract potential customers, potentially impacting the stock positively.
Tesla's return to the Detroit Auto Show, a major event in the automotive industry, could increase its visibility and attract potential customers. This could potentially lead to increased sales and positively impact the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100