When Tesla had its initial public offering (IPO) on June 29, 2010, the company priced the 13.3 million shares it was offering at $17, which was above the $14 to $16 expected IPO range.
However, since its IPO, Tesla has undergone two forward stock splits. It enacted a 5-for-1 split on Aug. 31, 2020, and recently completed a 3-for-1 split on Aug. 25, 2022. This means its split-adjusted IPO price is about $1.13 per share.
Tesla's stock closed just shy of $300 this past weekend.
If an investor would have put $10,000 to work at Tesla's IPO price, that would have purchased 588 shares (not including fractional shares or any commission-related expenses). Accounting for the Tesla stock splits, this debut-day investor would hold 8,820 shares today.
In other words, a $10,000 investment in Tesla's IPO in 2010 would now be worth a staggering $2,643,178. For those of you keeping score at home, this equates to a 26,332% increase in value in just over 12 years.