Can $50,000 Invested in Tesla Stock Make You a Millionaire? Elon Musk's Answer May Shock You.
Tesla (NASDAQ: TSLA) stock has tumbled 30% year to date due to dismal financial results and market share losses. The company's performance ranks among the worst in the S&P 500 (SNPINDEX: ^GSPC), but CEO Elon Musk has repeatedly made the same bold claim.The five largest companies -- Apple, Microsoft, Nvidia, Amazon, and Alphabet -- were worth nearly $15 trillion when Musk first said Tesla could surpass their combined market values. The implied 17-fold return from its current market value of $879 billion means $50,000 invested in Tesla stock today could be worth $850,000 in the future.That alone would not make you a millionaire, but the potential upside is still compelling. Here's what investors should know.Continue reading
Tesla (NASDAQ: TSLA) stock has tumbled 30% year to date due to dismal financial results and market share losses. The company's performance ranks among the worst in the S&P 500 (SNPINDEX: ^GSPC), but CEO Elon Musk has repeatedly made the same bold claim.
The five largest companies -- Apple, Microsoft, Nvidia, Amazon, and Alphabet -- were worth nearly $15 trillion when Musk first said Tesla could surpass their combined market values. The implied 17-fold return from its current market value of $879 billion means $50,000 invested in Tesla stock today could be worth $850,000 in the future.
That alone would not make you a millionaire, but the potential upside is still compelling. Here's what investors should know.
