Tesla's IPO was 8 years ago Friday here's how much you'd have made if you invested $1000 back in the day

Elon Musk in front of Nasdaq after Tesla's IPO on June 29, 2010.AP PhoAP Photo/Mark Lennihan

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Tesla's initial public offering occurred eight years ago Friday, and an investor buying in then would have made a very impressive return.

After initially offering its stock at $19 per share on June 29, 2010, Tesla closed its first day of trading at $23.89 according to data from Yahoo Finance. As of the market's close on Thursday, Tesla was trading at $349.93 per share, down from its all-time-high closing price of $385 per share on September 18, 2017.

The chart below shows the value of a $1,000 investment in Tesla stock made at the first day's closing price of $23.89 over the following eight years. As of Thursday, that investment would be worth about $14,648, which is a pretty good return.

Business Insider/Andy Kiersz, data from Yahoo Finance

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Read again Tesla's IPO was 8 years ago Friday — here's how much you'd have made if you invested $1000 back in the day : https://ift.tt/2yTIKY9

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