Sep. 14 at 12:46 AM
$BINI Tesla Wasn’t Technically a Penny Stock, But...
In its early days (2010 IPO), Tesla’s stock traded at
$17 per share.
After a five-for-one stock split in 2020 and a three-for-one split in 2022, the effective adjusted IPO price is under
$2 per share.
So, on a split-adjusted basis, Tesla did trade in "penny stock territory" and eventually surged to over
$400+ (split-adjusted) at its peak.
📈 Massive return for early investors, even though it wasn’t technically under
$5 at IPO
$TSLA $TM $HMC