Tesla Stock Performance Post-Split
Tesla (NASDAQ: TSLA) executed a 3-for-1 stock split on August 25, 2022, aimed at making shares more accessible to retail investors. The split came after a remarkable 2,000% increase in stock value over three years. However, since the split, Tesla’s stock price has only risen by 28%, with a $10,000 investment in the company growing to $12,800, while the S&P 500 gained 77% in the same period.
In Q1 2024, Tesla reported revenues of $19.3 billion, a 16% increase year-over-year, but net income plummeted to $47.7 million, a significant drop from previous quarters when net income surpassed $1 billion. This decline is attributed to increasing competition and CEO Elon Musk’s political involvement, which, according to a Yale report, resulted in over 1 million fewer sales.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
