Tesla Stock: How I Almost Made $35,000
The past few months have been a crazy ride for Tesla (NASDAQ: TSLA) investors. That's true both for shareholders, and the short-sellers who've taken an absolute pounding as the share price has skyrocketed. At one point, Tesla's share price had more than doubled, rocketing past $950 per share in afternoon trading on February 4 before closing at $887.06.
That was easily the all-time high for the company's stock, which has fallen about 16% and trades closer to $740 at recent prices. Here's the rub: That's still an incredible 76% in gains since the beginning of the year, and more than 300% in gains since last summer. It's also got a lot of people thinking about buying.
For me? That $900-plus-per-share price led me to the conclusion that it was time to sell, at least for now. Considering that I paid $38.02 and $36.54 per share when I bought back in 2013, the $908 per share price I sold at is a pretty incredible rate of return. We're talking better than 2,200% in gains.
Source Fool.com
