If You Invested $1,000 In Tesla Stock When The Model Y Was Unveiled, Here's How Much You'd Have Today
Portfolio Pulse from Chris Katje
Tesla Inc (NASDAQ:TSLA) reported that the Model Y was the bestselling vehicle globally in 2023, contributing to the company's delivery of 1.8 million vehicles for the year. The Model Y's success is highlighted as a significant factor in Tesla's growth, with 394,497 units sold in the U.S. and a 56.6% year-over-year growth. Tesla's stock has seen substantial returns since the Model Y's unveiling, with a $1,000 investment in 2019 now worth $9,223.14, an 822.3% increase. In comparison, the same investment in the SPDR S&P 500 ETF Trust (NYSE:SPY) would have yielded a 72.5% return. Tesla anticipates a lower growth rate in 2024 as it prepares to launch the next-generation vehicle, which may affect the stock's performance.
January 25, 2024 | 9:37 pm
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POSITIVE IMPACT
Tesla's Model Y has been reported as the bestselling vehicle globally in 2023, with the company delivering 1.8 million vehicles. The stock has seen an 822.3% increase since the Model Y unveiling in 2019.
The Model Y's success as the bestselling vehicle globally and the bestselling EV in the U.S. has been a key driver of Tesla's growth, which is reflected in the stock's substantial return since 2019. The anticipation of the next-generation vehicle could maintain investor interest, although the expected lower growth rate in 2024 may temper short-term expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (NYSE:SPY) returned 72.5% on a $1,000 investment made at the same time as the Model Y unveiling, which is significantly less than Tesla's return.
While SPY is mentioned as a comparative investment to Tesla, it is not the primary focus of the article. The ETF's performance is solid but not as newsworthy as Tesla's exceptional returns. The impact on SPY is neutral as it is a diversified fund and not directly influenced by Tesla's individual performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50