Investors who placed their hard-earned cash into major U.S. indices have enjoyed respectable returns since fall 2018. The S&P 500, Nasdaq-100 and Dow Jones Industrial Average have returned 37.95%, 65.14% and 21.69% respectively.
As good as investors in the major U.S. indices have had it since 2018, investors in the broader electric vehicle (EV) space have had it that much better. Bulls that took a chance on Tesla following the fall 2018 announcement of the SEC suing the EV-giant’s CEO Elon Musk for securities fraud, and held through the time of publication, have cashed in big time.
For the uninitiated, Tesla investors back in 2018 experienced a very unorthodox announcement on Aug. 7, when Musk tweeted that he was considering taking the company private, with “funding secured.”
According to the SEC filing, the misleading statements made by the Tesla chief falsely indicated it was certain that he could, in fact, take Tesla private at a specified purchase price. This purchase price reflected a premium over the price of Tesla shares at the time. Additionally, Musk had not discussed, nor confirmed key deal terms with any funding source… Read More
Returns on Tesla since 2018: Following the years-ago lawsuit, here’s how much $1,000 in Tesla stock invested on September 27, 2018 would be worth today: $15,570.50 for a return of 1,457.05%.
Image and article originally from www.benzinga.com. Read the original article here.