- Tesla went public eight years ago Friday.
- A $US1,000 investment at the stock’s closing price that day would now be worth over $US14,000.
- Watch Tesla trade in real time here.
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 $US19 a share on June 29, 2010, Tesla closed its first day of trading at $US23.89, according to data from Yahoo Finance. As of the market’s close on Thursday, Tesla was trading at $US349.93 a share, down from its all-time-high closing price of $US385 a share on September 18.
The chart below shows the value over time of a $US1,000 investment in Tesla stock made at the first day’s closing price of $US23.89. As of Thursday, that investment would be worth about $US14,648, which is a pretty good return.