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Yahoo
08-05-2025
- Automotive
- Yahoo
How Tesla Stock Has Changed Over 5, 10 and 15 Years
The only thing constant about Tesla stock is change. The EV stock has been labeled as overvalued for more than a decade, but it has silenced most of its critics in the long run. Read Next: Find Out: Even now, valuation remains a hot topic among investors. Competition is heating up in the EV sector, and Tesla recently announced a 71% drop in net profits during the first quarter. While the headlines suggest Tesla is in trouble, that's nothing new. Zooming out and seeing Tesla's performance over the past 5, 10 and 15 years paints a brighter picture. Optimus humanoid robots and cybercabs could propel the stock in the future. Looking at the stock's past performance indicates how much momentum the stock can generate when the company is firing on all cylinders. A big investment in Tesla could have produced generational wealth if you got in this early. Tesla went public on June 29, 2010, and closed at a split-adjusted $1.59 per share. Tesla shares closed at $287.21 on May 2, 2025, resulting in a 17,964% gain. Tesla was just getting started as an EV company and didn't have the exciting AI opportunities that it has right now. Electric vehicles were starting to become mainstream, and Musk's leadership helped the stock command a high valuation right from the start. If you put $1,000 into Tesla 15 years ago, it would have turned into roughly $180,640. These returns demonstrate how much an investor's life can change if they allocate money to the right stock at an early stage. For You: Although Tesla stock enjoyed a surge during its early years, the company also presented a compelling opportunity for investors who bought shares 10 years ago. The stock has currently delivered an 1,806% return for people who started their positions a decade ago. Tesla still faced relatively light competition 10 years ago and continued to gobble up market share. Investing $1,000 in Tesla at that time would have resulted in $19,060. Elon Musk was gaining more of the spotlight and had plenty of fans among eco-conscious car owners who wanted to feel like they were saving the planet with their vehicles. Tesla's competition has ramped up over the past five years, including in the stock market. Many Chinese EV makers became public at around this time. There were also plenty of hyped-up EV companies that capitalized on the SPAC boom to raise money. Nikola Motors was the poster child of failed EV stocks during this time. While the EV boom and bust wiped out smaller companies, Tesla continued to soar. Tesla's gains are still impressive if you look at a 5-year window. Shares rallied by 514%, turning a $1,000 investment into $6,514. The stock is more than 30% down from its all-time high, but Tesla has endured many pullbacks on the way to its current price level. Elon Musk's role in the Department of Government Efficiency has drawn the ire of many people who oppose President Donald Trump. First quarter results suggest Musk's government position has affected Tesla, with sales and revenue both down year-over-year. However, Tesla shares performed well in 2024 even as Musk endorsed Trump and spoke at some of his campaigns. Editor's note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on More From GOBankingRates Mark Cuban: Trump's Tariffs Will Affect This Class of People the Most How Far $750K Plus Social Security Goes in Retirement in Every US Region How To Get the Most Value From Your Costco Membership in 2025 12 SUVs With the Most Reliable Engines This article originally appeared on How Tesla Stock Has Changed Over 5, 10 and 15 Years Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Axios
31-03-2025
- Business
- Axios
Trump pardons a bunch of white-collar crooks
President Trump on Friday pardoned two startup founders convicted of investor fraud, and three crypto exchange co-founders who had plead guilty to violating anti-money laundering laws. Why it matters: There's never been a better time to be a white-collar crook. Pardon 1: Trevor Milton, co-founder and CEO of bankrupt electric truckmaker Nikola Motors. His most egregious act may have been sharing a video that purported to show a fully functional prototype, whereas the truck actually was rolling down a small hill. And then there was the lying about billions of dollars in orders. Milton was sentenced to four years in prison for both securities and wire fraud, and ordered to pay nearly $700 million in restitution. He had been free on appeal, during which time he donated bigly to Trump-related groups. Oh, and his lawyer was the brother of U.S. Attorney General Pam Bondi. Pardon 2: Carlos Watson, co-founder and CEO of defunct Ozy Media. You may remember Ozy Media for a phone call during which Watson's co-founder, who plead guilty and cooperated with prosecutors, pretended to be a YouTube executive while on a reference call with prospective investor Goldman Sachs. Plus, lots of lying about company financials and proposed deals. Watson was literally on a plane to prison when the pardon arrived. In a statement, he reiterated his argument that the prosecution was "driven by a malicious campaign orchestrated by a jealous competitor at a rival media company" — an absurd claim based on the phone call first being reported by then-NY Times reporter Ben Smith, whose former company once held takeover talks with Ozy. He also claimed that Ozy "was on the brink of becoming Silicon Valley's first Black-owned publicly traded company before these wrongful actions derailed our progress." Ozy had never filed paperwork to go public, nor were there any such conversations ever reported. Instead, it was trying to raise new VC funding. Finally, Watson thanked Alice Marie Johnson, who was famously granted clemency by President Trump after public support from Kim Kardashian. Pardon 3: Co-founders and a former employee of BitMEX, who had violated the Bank Secrecy Act by failing to implement AML and KYC procedures. The exchange itself later pleaded guilty to similar charges. The quartet had been tried by the U.S. Attorney for the Southern District of New York, as had been Trevor Milton. It's the same office that charged and convicted Trump, earning his public ire. Watson was tried by the U.S. Attorney for the Eastern District of New York.
