If You Invested $1,000 in Tesla Last November How Much would You Earn Now
Musk wrote on Twitter: “Recently, there have been a lot of talks about using unrealized profits as a tool for tax evasion, so I propose to sell my 10% Tesla shares. I will make a decision based on the results of this investigation, regardless of How is the result”.
Not only Musk’s 62.5 million subscribers can participate in the polls, other social network users can also participate. Over 690,000 people participated in the vote, and this event will last for nearly a day. Currently, more than 55% of users voted in favor of selling shares.
Musk added, “I have not received cash salary or bonus anywhere. I only have shares, so the only way for me to pay taxes personally is to sell shares.”
Earlier, Musk criticized the “tax on billionaires” proposed by the Democratic Party in the US Congress. Musk responded to a tweet, the author of the tweet provided a template for voters to write to Congress representatives. In the letter, lawmakers are urged not to support Senator Ron Wyden’s proposal to tax unrealized capital appreciation.
Tesla‘s stock price has performed like a ghost this month. Since October, it has soared by more than 50%, and its market value has soared to more than 1.2 trillion US dollars. Tesla only surpassed Toyota, the second-largest in market value, last year, but now the market value is nearly $900 billion more than Toyota.
Tesla is also one of Wall Street’s most short-selling stocks. Experts such as CNBC’s Jim Cramer once described Tesla as “always rising for no reason.” Independent research firm New Constructs also claimed that The market value of Sla is overvalued by about $1 trillion, and it is likely to fall by as much as 88% to $150. But Tesla has recently made great strides and has no fear of being short.
According to “CNBC” estimates on Wednesday morning, if you bought Tesla last November when the stock price was only worth more than 62,51 , the rate of return would have been close to three times. Suppose you bought Tesla stock for $1,000 on November 2, 2020. Now it has become about $2940, which is about 193% of return.
If you invest in Tesla earlier, the rewards will be more generous. Five years ago, on November 2, 2016, Tesla was valued at approximately US$38 per share. Assuming an investment of US$1,000 at that time, then as of Wednesday morning US time, the money had grown by 3025% and was worth approximately US$31,286. . During the same period, the Standard & Poor’s 500 Index will give you about 142.4% return.
So suppose you invested in Tesla ten years ago in 2011? Then, you will get a five-figure reward.
In November 2011, if you used $1,000 to invest in Tesla, you will now get a return of $204,000, because in ten years, Tesla’s stock price has risen from $5.74 to $1,229, and the rate of return is more than 20,000%.
If you invest in the S&P 500 Index during the same period, the rate of return is 357.4%.