If You'd Invested $10,000 in Tesla a Decade Ago, Here's How Much You'd Have Today
Tesla stock has delivered life-changing returns for its early investors over the last decade.
Overview
In the past decade, few stocks have delivered life-changing returns like Tesla (NASDAQ: TSLA). If you had bought $10,000 in Tesla stock 10 years ago, that investment would be worth a staggering $217,900 today.
With CEO Elon Musk at the helm, the company has achieved impressive scale that has historically hounded upstart automakers and has evolved into a speculative play on self-driving vehicles, energy, and other emerging technologies. Here's what has driven Tesla's growth and what investors have to look forward to.
Details
Tesla bucked the traditional automotive industry business model with direct-to-consumer sales, bypassing dealerships and giving the company full control over its customer buying experience. Its vertical integration helped lower assembly costs and gave it a gross margin that crushed industry peers in the early 2020s.
Source
Originally published at www.fool.com.