Could Tesla Be a Millionaire-Maker Stock?
It might be the greatest stock market success story of all time: On June 29, 2010, Elon Musk's already famous and already controversial electric car company, Tesla (NASDAQ: TSLA), went public at $17 per share. And on Jan. 14, 2020 -- less than a decade later -- you could have sold each of those shares for over $540, for more than a 3,000% return on your initial investment.
As I write this, Tesla's volatile shares are trading at roughly $500 each. That seems pricey for a company that's still never turned an annual profit and is continually taking on debt and issuing more shares, diluting existing shareholders' value. But Musk has defied the odds so far...could he do it again? Could you turn a modest investment in Tesla today into a cool million dollars?
Let's find out.
Source Fool.com
