Morgan Freeman’s Tesla investment has yielded a staggering return of over 3,000%, as his shares surged from $13.50 to approximately $415 in just eight years.
A Lucrative Investment: Morgan Freeman‘s Tesla Stock
Morgan Freeman, the renowned actor known for his roles in ‘The Shawshank Redemption‘ and ‘Million Dollar Baby,’ revealed in a 2016 interview that he owned Tesla stock. This investment has proven to be highly lucrative, with the value of his shares increasing by over 3,000% since then.
Morgan Freeman is a renowned American actor, director, and narrator.
Born on June 1, 1937, in Memphis, Tennessee, he began his acting career in the 1960s.
He gained recognition for his distinctive voice and authoritative presence.
Freeman's notable film roles include 'Driving Miss Daisy,' 'The Shawshank Redemption,' and 'Million Dollar Baby.' He has received numerous awards, including an Academy Award, a Golden Globe, and multiple Emmy Awards.
The Rise of Elon Musk‘s Vision
At the time of the interview, Tesla was trading at around $13.50 on a split-adjusted basis. Fast forward to Friday, and the stock price had surged to approximately $415, representing a nearly thirty-one-fold increase in just over eight years. This represents a return on investment of roughly 3,000% for those who held onto their shares.
Tesla's stock has experienced significant fluctuations since its IPO in 2010.
The company's market capitalization surpassed $1 trillion in 2021, making it the world's most valuable Tesla as the world's most valuable automaker.
Tesla's stock price has been influenced by factors such as production milestones, battery technology advancements, and government incentives for electric vehicles.
As of 2022, Tesla's stock is listed on the NASDAQ exchange under the ticker symbol TSLA.
A Valuable Company
Under Elon Musk‘s leadership, Tesla has experienced massive growth. The company’s market capitalization has increased to over $1.3 trillion, making it one of the most valuable companies in the world. Its revenue has also seen a significant surge, rising from $7 billion in 2016 to $97 billion in 2023. Additionally, Tesla’s operating loss has transformed into a nearly $9 billion operating profit.
A Policy of Secrecy
Morgan Freeman‘s publicist declined to elaborate on the actor’s stock holdings, citing his policy of not publicly discussing personal investments. Despite this secrecy, it is clear that investing in Tesla at the time of the interview proved to be a wise decision for those who held onto their shares.
A Lasting Impact
Elon Musk‘s vision for SpaceX and Tesla has left an indelible mark on the world. His forward-thinking ideas have inspired a new generation of innovators, and his commitment to making humanity a multi-planetary species is driving progress in space exploration. As Morgan Freeman once said, ‘Now we’re taking off and we’re going to Mars…‘
Elon Musk is a South African-born entrepreneur, inventor, and business magnate.
He co-founded 'PayPal', which was later sold to eBay for $1.5 billion.
Musk then went on to found SpaceX, aiming to reduce space transportation costs and enable the colonization of Mars.
He also founded Tesla, Inc., revolutionizing the electric car industry with innovative designs and technologies.
With a net worth exceeding $200 billion, Musk is one of the richest people in the world, known for his ambitious goals and futuristic vision.
- businessinsider.com | Morgan Freeman May Have Scored 30 Fold Return on Tesla Stock ...
