Tesla’s stock has always been a topic of excitement and curiosity, and recently, it gained even more attention because of a famous actor, Morgan Freeman. Back in 2016, Freeman mentioned during a television interview that he owned Tesla shares, and ever since, the price of Tesla stock has soared dramatically. Let’s dive into why this is happening and what it means for investors.
The Journey of Tesla Stock
When Freeman first bought Tesla stock, the price was around $13.50. Fast forward to today, and Tesla shares are trading at about $415! This means if someone invested just $10,000 back then, it’s now worth around $307,000! That’s a huge growth!
How Big is Tesla Now?
In 2016, Tesla’s market value was about $30 billion. Now? It has skyrocketed to approximately $1.3 trillion! This incredible growth is a result of Tesla’s innovative products and commitment to electric vehicles.
Freeman’s Insight and What it Means
Freeman’s mention of owning Tesla stock has sparked interest not only in the stock itself but also in how much information he had back then. Since he made that statement, Tesla’s revenue grew from $7 billion to a whopping $97 billion in 2023. That’s an amazing achievement!
Big Changes at Tesla
- Elon Musk, Tesla’s CEO, has been leading the charge with exciting projects like self-driving technology and even robots!
- Despite these advancements, there have been some bumps in the road. For instance, the number of cars Tesla delivers has faced challenges recently, and they’ve had to make some big price cuts to keep sales strong.
- In quarter three of 2024, Tesla’s gross margin dropped to 18%, showing that they are working hard to balance costs and profits.
Looking Ahead: What Should Investors Consider?
As Tesla approaches its fourth-quarter earnings report on January 29, 2025, many wonder if it’s still a good idea to invest in their stock. The growth story is inspiring, but with challenges ahead and a high price-to-earnings ratio of about 111, it’s important for potential investors to decide carefully.
Conclusion
Morgan Freeman’s past investment in Tesla stock highlights the rollercoaster journey of this electric vehicle giant. While the stock may be thrilling to follow, understanding the ups and downs can help investors make smarter decisions. As Tesla continues to innovate, it will be interesting to see what future adventures lie ahead for both the company and its investors.
