Tesla shares rose 4,000% over ten years

The value of shares in the American company Tesla has grown by more than 4,000% since their initial public offering. It is reported by CNBC. Tesla was founded in 2003 to produce electric vehicles and design solar power systems. In June 2010, the initial public offering (IPO) of the company's shares took place. Then the value of one share was $23.89. By June 30, 2020, the value of Tesla's stock rose to $1009.35, that is, by 4125%. For ten years, Tesla shares have grown unevenly, for example, in August 2018, the value of shares fell by 30%. However, 2020 turned out to be a successful year for the company, despite the pandemic of coronavirus infection. At the beginning of the year, Tesla electric vehicle production was launched at the new Shanghai plant, and the company also began production of a new model of the Model Y electric car at the Fremont plant. Thanks to this, in the first six months of this year, Tesla shares grew by more than 140%. As previously reported by the news agency, in June 2020, Tesla topped the ranking of the world's largest manufacturers of cars with electric engines.