How much would your Tesla stock be worth if you invested your 1200 stimulus check in 2020
The COVID-19 pandemic caused widespread panic in the first half of 2020, leading to major disruptions in daily life and the economy. Governments worldwide responded by implementing stimulus packages to mitigate the crisis, which helped prevent a brief but intense recession. However, this action potentially exacerbated the debt crisis while fueling the rise of meme stocks and the cryptocurrency bull market.
In the United States, many individuals chose to invest their Coronavirus Aid, Relief, and Economic Security (CARES) Act $1,200 check in the stock market. Finbold analyzed what would have happened if this money had been used to purchase shares of Tesla Motors (NASDAQ: TSLA).
On April 13, 2020, the day the CARES checks were distributed, TSLA stock opened at $39.34 and closed at $43.40. If an investor had used the $1,200 to buy Tesla shares, they could have purchased roughly 28 shares. As of today, each share is valued at $174.77, making the initial $1,200 investment worth $4,893.56 – a growth of 307.80%.
While the investment would have significantly increased between 2020 and 2024, holding onto the shares until now would not have been the most profitable choice. Selling the 28 shares at their peak above $400 in November 2021 could have turned the $1,200 investment into nearly $11,500.
Despite the substantial growth over four years, Tesla has faced a notable decline in the stock market, even with the integration of artificial intelligence technology. The stock is currently down 22.36% in the last 12 months and 29.75% year-to-date in 2024.
It is important to note that investing in stocks carries risks and the content of this article should not be considered as investment advice.
