Tesla stock is going through an impressive month and despite small corrections it is still attracting more and more investors, making Elon Musk even richer.
A few days ago the company entered the club of the giants with a capitalization of more than 1 trillion. and the founder of Musk, became the richest man in the world by far the second.
Tesla shares have risen more than 50% since early October and the company ‘s market capitalization has risen to more than $ 1.2 trillion.
Nevertheless, the Tesla stock is still a stock that analysts do not recommend buying. Experts like CNBC’s Jim Cramer have described the stock as “going up endlessly with no foundation.”
In addition to Elon Musk, Tesla’s explosive rise has made many others richer.
According to CNBC, if someone had invested in Tesla last November, when the stock was worth just over $ 400 per share, they would have tripled their money.
In particular, an investment of just $ 1,000 on November 2, 2020, is now worth $ 2,940, representing a return of 193%, according to CNBC estimates.
If you go back a few years, the odds are even higher.
Five years ago, on November 2, 2016, Tesla was trading at about $ 38 per share. An investment of $ 1,000 today would yield a return of 3,025% and would be worth approximately $ 31,286.
In the same period, the S&P 500 index would have given you a yield of 142.4%.
And if someone had invested in Tesla in 2011, they would have had an even more impressive return.
Thus, a $ 1,000 investment in Tesla in November 2011 would be worth just over $ 204,000, with the share price rising from $ 5.74 to $ 1,229 in those 10 years. This is more than 20,000% yield. A similar investment in the S&P 500 would have paid you 357.4%.
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