When the electric car company Tesla, Inc. (TSLA) launched its initial public offering on June 29, 2010, its shares closed the day at $23.89, a 40.5% gain over its starting price. Since that day, Tesla’s path has been impressive if occasionally rocky, especially over the past few years.
But long-term investors must be pleased: Tesla stock finished August 2024 at $214.11 a share, despite a five-for-one stock split in 2020 and a three-for-one split in 2023.
Key Takeaways
- Tesla achieved profitability recently after years of hugely expensive startup costs.
- It maintained a 55% market share as of 2023, down from 62% the previous year.
- After a long period of market dominance, Tesla now faces competition from virtually every major vehicle…
