Morgan Freeman's Tesla Investment: A 3,000% Return On Innovation

Renowned actor Morgan Freeman has made a significant financial gain from his investment in Tesla Inc. (TSLA), with estimates indicating a return of around 3,000%. This means that a $10,000 investment in Tesla stock in 2016 may today be worth more than $300,000.

Freeman's Admiration for Elon Musk

In a 2016 interview, Freeman praised Tesla CEO Elon Musk, highlighting his innovative achievements, such as the development of reusable rocket technology through SpaceX. Freeman said: “I'm a huge fan of Elon Musk's and I think he's got the most incredibly forward-thinking ideas about where we can go technologically.”

Tesla's Stock Performance

When Freeman discussed his investment, Tesla stock was trading at around $13.50 on a split-adjusted basis. Since then, it has risen to around $405. This price spike represents an astonishing growth rate increase of 2,996% over eight years, highlighting Tesla's amazing growth trajectory under Musk's leadership. From a financial standpoint, Tesla's progress is impressive. Tesla's market capitalization has increased significantly from $30 billion to a remarkable $1.31 trillion as of last check, putting it among the world's most valuable companies. Revenue has also exploded, rising from $7 billion in 2016 to $96.7 billion in 2023, a 19% increase over 2022, with the corporation transitioning from large financial losses to a solid operating profit of about $9 billion.

Conclusion

Morgan Freeman's potential 3,000% return on his Tesla investment highlights the significant financial gains that can result from supporting visionary companies. 

His admiration for Elon Musk and Tesla's innovative approach to technology and sustainability reflects a broader trend of celebrity involvement in promoting and investing in forward-thinking enterprises.

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