Could Buying Tesla Stock Today 10x Your Net Worth?
The electric vehicle maker's shares have soared almost 25-fold in the past decade.
Overview
Had you purchased Tesla (NASDAQ: TSLA) 10 years ago and held one, you'd have reaped a monster 2,380% return (as of July 21). That's a nearly 25-fold gain, something any investor would be ecstatic about.
It now has a market cap of $1.4 trillion, so there is certainly not as much upside potential in its future as there was in its past. But could buying this "Magnificent Seven" stock today eventually give you a 10x return?
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.