+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Tesla's IPO was 8 years ago today - here's how much you'd have made if you invested $1,000 back in the day

Jun 29, 2018, 15:30 IST

Elon Musk poses with a Tesla car in front of Nasdaq after its IPOAP PhoAP Photo/Mark Lennihan

Advertisement

Tesla's initial public offering occurred eight years ago Friday, and an investor buying in then would have made a very impressive return.

After initially offering its stock at $19 per share on June 29, 2010, Tesla closed its first day of trading at $23.89 according to data from Yahoo Finance. As of the market's close on Thursday, Tesla was trading at $349.93 per share, down from its all-time-high closing price of $385 per share on September 18, 2017.

Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More

The chart below shows the value of a $1,000 investment in Tesla stock made at the first day's closing price of $23.89 over the following eight years. As of Thursday, that investment would be worth about $14,648, which is a pretty good return.

Business Insider/Andy Kiersz, data from Yahoo Finance

Advertisement

NOW WATCH: 5 science facts that 'Jurassic World: Fallen Kingdom' totally ignored

Next Article