Battery based electric vehicles of today and tomorrow.

[MoKelly]

I like that quote.

My $1,193,762.40 EV learning misstep was expensive tution. Taxes ran the cost of our 2016 Leaf in October 2019 to $14,000.00.

On the same day that would have bought 282 shares of Tesla stock. At close today 22 January 2021 that $14K purchase would have been worth $1,193,762.40.

That says it all. A $14,000 investment goes to $1.2 million in less than 2 years.

So, now Elon Musk is the richest human on the planet.

MoKelly

 

[drssg]

I like that quote.

My $1,193,762.40 EV learning misstep was expensive tution. Taxes ran the cost of our 2016 Leaf in October 2019 to $14,000.00.

On the same day that would have bought 282 shares of Tesla stock. At close today 22 January 2021 that $14K purchase would have been worth $1,193,762.40.

I get about $238,572. That's still a lot of money, but it's tough to time a volatile stock.

$14,000 would have bought about 56 shares of stock in Oct 2019. That would bump up to 282 after the five-way split, but that's 282 * 846 for today's value.

 

[Gale Hawkins]

Did you not know about one for 5 for 1 split?

 

[drssg]

Yes, I accounted for it in my post.

 

[Gale Hawkins]

1420 x $850 I will check out.

 

[MoKelly]

In any case, pretty nice growth in a year.

MoKelly

 

[Tinhack]

The future looks good for electric powered cars. Within the next two years, we'll probably all be driving on flashlight batteries. There won't be any gas.

 

[drssg]

I believe that your calculations are inadvertently accounting for the stock split twice, so the end result is five times the actual amount of money.

Here is a two year price history for Tesla.

You will notice that the stock price does not dive down by 80% in August of last year to account for the split. That would make it difficult to evaluate historical performance. So the graph sort of alters history by displaying post-split equivalent prices for pre-split quotes.

You could not have purchased Tesla at $50/share in Oct of 2019. It was more like $250/share. The easiest way to do the calculations is to ignore the split entirely, because it is already accounted for in the altered historical pricing.

 

[Gale Hawkins]

I believe that your calculations are inadvertently accounting for the stock split twice, so the end result is five times the actual amount of money.

Here is a two year price history for Tesla.
View attachment 684073
You will notice that the stock price does not dive down by 80% in August of last year to account for the split. That would make it difficult to evaluate historical performance. So the graph sort of alters history by displaying post-split equivalent prices for pre-split quotes.

You could not have purchased Tesla at $50/share in Oct of 2019. It was more like $250/share. The easiest way to do the calculations is to ignore the split entirely, because it is already accounted for in the altered historical pricing.

Thanks I have a lot of learning to do about investing.

 

[MoKelly]

The future looks good for electric powered cars. Within the next two years, we'll probably all be driving on flashlight batteries. There won't be any gas.

If this is true, we should begin selling stocks of oil companies short.

MoKelly