Tesla’s electric cars are delighting people with their range, speed and style. But there’s something about the car manufacturer that few people know. Tesla doesn’t make money yet.
Yes, the stock’s growth has been extraordinary. If you invested $10,000 in Tesla’s stock in 2011, it would have grown to almost $1 million by August 31, 2020. That’s a compound annual return of 59.92 percent.
But since 2009, the electric icon has been losing money every year.