Here’s How Much $1,000 Invested In Tesla the Day Before the Election Would Be Worth Today

https://finance.yahoo.com/news/much-1-000-invested-tesla-120011688.html

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After starting the year at just under $250, TSLA crept toward the basement before bottoming out at a frustrating $142 on April 22. It then reversed course and ticked up to its peak of $263.26 on July 10.

From there, it was down, then up, then down again, then up some more until TSLA managed to lead investors right back to where they began the year — at around $243 per share on Monday, Nov. 4 — one day before Election Day.

Investors who got in on the action that day, however, experienced a much different ride in a much shorter time.

Musk’s Big Bet Pays Off for Him — and His Investors

The markets responded to Trump’s victory with jubilance and optimism, but few companies did better than Tesla, whose market cap hit $1 trillion by the end of election week as Musk’s massive fortune swelled to a new record high.

Musk was already the richest person in the world when he emerged as a top surrogate and donor for Trump, who vowed to place Musk in a high-profile and highly influential position in his administration if he won a second term.

Musk’s big bet paid off in spades.

$1 Trillion for Tesla, $300 Billion for Musk and $450 for You

Forbes reported on Nov. 8 that Musk had become the first centi-billionaire whose net worth crossed the $300 billion mark — and Tesla investors saw their fortunes rise right alongside Musk’s. Those who read the tea leaves and plunked down $1,000 on Tesla in the hopes that they could join Musk in riding a red political wave to green dollars did exactly that.

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