I Sold My Tesla Stock for Just $12 Per Share -- Here's Why It Was One of the Best Decisions I Ever Made

I first bought Tesla (NASDAQ: TSLA) stock in mid-2011 when I was a high school science teacher in Florida. I had taken a ride in a friend's Tesla Roadster, and based on everything I had read, I thought the Model S could be a game changer. So I bought 100 shares for an average cost of about $23. Since then, the stock has completed a five-to-one split, so this makes my original cost basis about $4.60 for 500 shares.

As I'm writing this, Tesla trades for about $1,088 per share. If I had simply done nothing and held on, my $2,300 investment would be worth $544,000 today.

Instead, I made a mistake that newer investors often make.

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Source Fool.com