If You Invested $1,000 In Tesla Stock When Elon Musk Tweeted About Making A Pickup Truck, Here's How Much You'd Have Today
Portfolio Pulse from Chris Katje
Tesla Inc (NASDAQ:TSLA) has expanded its vehicle lineup with the Cybertruck, a pickup truck inspired by 'Blade Runner' and a James Bond film. The idea for a pickup truck was first mentioned by CEO Elon Musk in a tweet on May 24, 2013. Since then, the stock has seen a return of 3,463.8% compared to the SPDR S&P 500 ETF Trust's (SPY) return of 174.4% over the same period. A $1,000 investment in TSLA at the time of Musk's tweet would be worth $35,637.99 today.
December 08, 2023 | 9:53 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) provided a return of 174.4% over the same 10-year period, which is significantly lower than Tesla's return.
The SPDR S&P 500 ETF Trust (SPY) is mentioned as a comparison to Tesla's stock performance. While the article does not suggest any direct impact on SPY due to Tesla's Cybertruck or Musk's tweet, it serves as a benchmark for Tesla's performance. Therefore, the short-term impact on SPY is likely neutral.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Tesla's stock has significantly outperformed the market since Elon Musk's 2013 tweet about creating a pickup truck, with a return of 3,463.8% over 10 years.
The article highlights the significant return on investment in Tesla stock since the initial mention of the Cybertruck by Elon Musk. This historical performance, coupled with the recent 10-year anniversary of the tweet, may generate positive sentiment among investors and could lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100