Tesla (TSLA) Stock Key Events, Reflecting on a 1 Year Roller Coaster
TSLA Stock, A Year in Review
These key moments in time have helped propel the company forward attributing to more than a 10X increase for TSLA over the past year from a share price of $218 in August 2019 to $2,213 as of 8/28/2020.
Even during the peak of an economic drop caused by a global pandemic, Tesla has shown perseverance to overcome all obstacles and roadblocks.
TSLA has greatly outperformed the market and shows no signs of slowing down as company milestones are constantly being achieved.
The CyberTruck polarized the population with a highly linear aesthetic design that people seem to either love or hate (with little in-between).
To further add to the discussion, an infamous on-stage demonstration that was supposed to showcase the break-proof glass went wrong and the glass shattered on stage.
As explain in a Tweet by Elon Musk:
First U.S. COVID-19 Death Reported
This was just the beginning of a country-wide epidemic that has persisted through today and negatively impact the economy and stock market as a whole..
A man with no travel history to China died on Feb. 28 at Evergreen Health Medical Center in Kirkland, Washington.
Initial fear and uncertainty caused TSLA to have a relatively large downward movement, but quickly bounced back over the following week.
As the number of COVID-19 cases and deaths continued to climb, panic began to set in for investors.
The S&P 500 violently dropped from $3,386 on February 19 2020 to a low of $2,237 on March 23 2020.
For the most part TSLA stock mimicked the downward pattern of market as a whole dropping from $901 to $361 per share during the same period.
Model Y Starts Deliveries
This commonality in parts allowed for an attractively low starting price of $52,990.
Deliveries of the Model Y alongside economic optimism in the market provided a solid upwards trajectory of the stock.
Fremont Production Resumes
As the country continued to lock down, Tesla was forced by Alameda County to pause production of vehicles in it’s Fremont factory.
On May 11th 2020 Elon Musk Tweeted in resistance:
During this moment, Elon Musk proved to investors that he was committed to doing everything in his power to keep the company moving forward (even if it meant being taken away in cuffs).
Model S Achieves 400-Mile Range
Elon Musk tweeted:
This made it the first widely available electric car with a range of more than 400 miles.
The impressive milestone was reached by several improvements such as vehicle mass reduction, new wheels and tires optimized for aerodynamics, increased drive unit efficiency, and improvements to regenerative braking.
S&P 500 Inclusion Requirements Met
Tesla had already achieved the first 4 of these requirements.
Completion of this final checklist item has entered TSLA into a pool of candidates to be considered for S&P 500 inclusion.
5:1 Stock Split Announced
Many believe that Elon Musk may have hinted at a stock split on on May 1st 2020 when he tweeted:
While a stock split does not change the financial fundamentals, the anticipation of a more affordable stock price (more accessible to smaller retail investors) drove TSLA up.
TSLA 5:1 Stock Split Example
The stock price will still predominantly be influenced by institutional investors.
Despite a global pandemic, Tesla continues to achieve their milestones and make investors happy.
Tesla has delivered new products, increased vehicle range, checked all boxes for S&P inclusion, and is splitting TSLA stock price to entice smaller retail investors to join the momentum.
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