Tesla Inc TSLA, a frontrunner within the electrical car business, has diversified its choices with varied fashions and worth factors since launching its preliminary car. The corporate has not too long ago expanded into a brand new class with the introduction of the Cybertruck, a pickup truck.
Whereas the Cybertruck was unveiled over 4 years in the past and noticed a number of delays, the concept to create a pickup truck could have been within the works at Tesla for 10 years.
What Occurred: Initially set for a 2021 launch, the Cybertruck was unveiled to the general public by Tesla and CEO Elon Musk on Nov. 22, 2019.
The car, which overcame a number of delays and setbacks, noticed a design impressed by the movie “Blade Runner” and the James Bond car from “The Spy Who Cherished Me.”
With the discharge of the Cybertruck, Tesla now has electrical vehicles, SUVs, semi-trucks and pickup vehicles.
Whereas traders might have made a strong return investing in Tesla inventory on the time the Cybertruck was first unveiled, they might have made much more in the event that they purchased the inventory when Musk first talked about making a pickup truck.
“Would like to do a pickup truck. One thing w extremely low cg for sports activities automotive dealing with, dynamic air suspension & mega torque,” Musk tweeted on the evening of Might 24, 2013.
The tweet got here three years after Tesla went public and when the corporate had launched the Tesla Roadster and Mannequin S beforehand.
Musk went on to debate the concept of a pickup truck once more a number of occasions earlier than the official unveiling.
“What would you like to see in a Tesla pickup truck? I’ve a number of issues in thoughts, however what do you suppose are small, however necessary nuances & what could be critically subsequent degree?” Musk asked his followers on Twitter in June 2018.
Not too long ago, the primary tweet in regards to the pickup truck from Musk celebrated its 10 year anniversary, which prompted many to reminisce in regards to the outdated publish. Musk chimed in with “how time flies” whereas sharing a picture of the unique tweet.
Investing $1,000 in Tesla: Musk’s tweet about making a pickup truck got here on the Friday evening of Memorial Day weekend in 2013.
Buyers would have needed to wait till Tuesday, Might 28 to purchase Tesla shares. A $1,000 funding might have purchased 147.71 shares of Tesla, primarily based on a split-adjusted worth of $6.77.
The $1,000 funding could be value $35,637.99 in the present day, primarily based on a worth of $241.27 for Tesla on the time of writing.
This represents a return of three,463.8% during the last 10 years.
For comparability, the identical $1,000 invested within the SPDR S&P 500 ETF Belief, which tracks the S&P 500 broad market index, might have purchased 5.99 shares of SPY. The $1,000 funding could be value $2,747.07 in the present day, representing a return of 174.4% during the last 10 years.