Investors who have put their hard-earned money into major U.S. indices have seen respectable returns since the fall of 2018. The SPDR S&P 500 ETF (NASDAQ:SPY), Invesco QQQ Trust Series 1 (NASDAQ:QQQ), and SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) have 48.65%, 81.55% and 27.26%, respectively. delivered.
As good as investors in the major U.S. indices have been since 2018, investors in the broader electric vehicle (EV) space have had it so much better. Bulls who took a gamble on Tesla after the SEC’s fall 2018 announcement that Elon Musk, CEO of the EV giant, was suing Elon Musk for securities fraud, and who were held until publication, have made a lot of money.
For the uninitiated, 2018 Tesla investors experienced a very unorthodox announcement on August 7, when Musk tweeted that he was considering taking the company private, with “funding secured.”
According to the SEC filing, the Tesla chief’s misleading statements falsely indicated that it was certain he could, in fact, take Tesla private at a specified purchase price. This purchase price reflected a premium over the price of Tesla stock at the time. In addition, Musk had not discussed or confirmed the key deal terms with any funding source… Read more
Return on Tesla since 2018: After the lawsuit years ago, this is how much $100 in Tesla stock invested on September 27, 2018, at a stock price of $52.11, would be worth today: $1,608.69 for a return of 1508.69%.
See also: If you invested $100 in Bitcoin, Ethereum and Dogecoin at the bottom of the US markets in 2020, this is how much you would have now
Photo: Courtesy of NVIDIA Corporation on Flickr
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This post Tesla Motors, Inc. (NASDAQ:TSLA), SPDR Dow Jones Industrial Average ETF (ETF:DIA) – Here’s How Much You Would Have Now If You Invested $100 in Tesla When Elon Musk Was Sued by the SEC in 2018
was original published at “https://www.benzinga.com/general/education/22/03/26007476/heres-how-much-youd-have-right-now-if-you-invested-100-in-tesla-when-elon-musk-was-sued-by-the-“
