TSLA · Tesla
Tesla from 2019 losses to the S&P 500: the stock, 2019 to 2021
2019–2021 · ~35×
For scale: buying every US stock breakout from 2018 to 2026 with no selection returned a median −22.6% a year later, measured on the 14,674 with a full twelve months of data. How it was measured
In mid-2019 Tesla was still losing money. Its second-quarter results, reported on 24 July 2019, showed a GAAP net loss of $408 million on $6.35 billion of revenue. On 23 October 2019 Tesla reported net income for the third quarter, when analysts had expected a loss, and said trial production was under way at its Shanghai factory. On 21 December 2020 Tesla joined the S&P 500 at a 1.69% weight, the fifth-largest member of the index, with a market value of about $658 billion.
On a split-adjusted basis the stock rose ~35× from its June 2019 low to its November 2021 high. Days after that high, on 6 November 2021, Elon Musk asked his Twitter followers whether he should sell 10% of his Tesla stock, framing the poll against a proposed tax on billionaires. More than 3.5 million votes were cast, 58% said yes, and he said he would abide by the result.
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Sources: Tesla Q2 2019 update · Benzinga, Oct 2019 · CNBC, 20 Dec 2020 · NPR, 8 Nov 2021. Price figures are split-adjusted, not dividend-adjusted.
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