© Reuters Here’s How Much You’d Have Right Now If You Invested $100 In Tesla When Elon Musk Was Sued By The SEC In 2018
Investors who placed their hard-earned cash into major US indices have enjoyed respectable returns since fall 2018. The SPDR S&P 500 ETF (NASDAQ: SPY (NYSE:SPY)), Invesco QQQ Trust Series 1 (NASDAQ: QQQ) and SPDR Dow Jones Industrial Average ETF Trust (NASDAQ: NYSE:DIA) have returned 48.65%, 81.55% and 27.26% respectively.
As good as investors in the major US indices have had it since 2018, investors in the broader electric vehicle (EV) space have had it that much better. Bulls that took a chance on Tesla following the fall 2018 announcement of the SEC suing the EV-giant’s CEO Elon Musk for securities fraud, and held through the time of publication, have cashed in big time.
For the uninitiated, Tesla investors back in 2018 experienced a very unorthodox announcement on Aug. 7, when Musk tweeted that he was considering taking the company private, with “funding secured.”
According to the SEC filing, the misleading statements made by the Tesla chief falsely indicated it was certain that he could, in fact, take Tesla private at a specified purchase price. This purchase price reflected a premium over the price of Tesla shares at the time. Additionally, Musk had not discussed, nor confirmed key deal terms with any funding source… Read More
Returns on Tesla since 2018: Following the years-ago lawsuit, here’s how much $100 in Tesla stock invested on Sept. 27, 2018, at a share price of $52.11, would be worth today: $1,608.69 for a return of 1508.69%.
Photo: Courtesy of NVIDIA Corporation (NASDAQ:NVDA) on Flickr
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Here’s How Much You’d Have Right Now If You Invested $100 In Tesla When Elon Musk Was Sued By The SEC In 2018
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