A decade later and a $ 5,800 flyer in an advanced electric car company would have turned a skilled or lucky investor into a millionaire. Or, in the case of Brandon Smith, an initial investment of $ 10,000 in 2017, along with a few small additional acquisitions along the way, succeeded.
Earlier this month, Smith celebrated his “TSLA-naire” status in a tweet:
Smith, who doesn’t even own a Tesla TSLA,
vehicle, is one of the countless fans who have pledged their immortal devotion to Elon Musk and, so far, have been handsomely rewarded for it.
“I don’t make six figures and I don’t know anything about powers and options,” Smith told Bloomberg News in a recent interview. “I just bought and kept it all the time. I have never sold a single share. “
Tesla shares have gained nearly 700% this year after gaining momentum since joining the S&P 500. But a blockbuster 2020 is just another chapter in the volatile journey to profitability.
While Tesla bulls continue to shrug, others, such as Wolf Richter on the popular Wolf Street blog, who point to this “quadruple WTF chart of the year” as a warning sign, continue to trigger alarms that boost and rating higher. can „last:
However, if Tesla had listened for a long time to those who doubted their incredible journey, they would not be in the position they are in today: enjoying their status as freshly beaten “TSLA godfathers.” Bloomberg used this chart for a perspective on that journey:
So, $ 5,800 a decade ago is now worth $ 1 million. Perhaps even more amazing is the fact that $ 127,600 a year ago reached that amount, as Tesla earned five consecutive quarters of profits and a lot of hype at new heights. At the last check, Tesla was trading in the green, while the Dow Jones Industrial Average DJIA,
Nasdaq Composite COMP powerful,
and S&P SPX,
were also higher in Thursday’s shortened trading session.