Can someone please explain this graph that is in Cash app; explaining the Tesla stock?
So: Over 1 year period of time, it claims a 766 percent rise. Does this mean that in past, if you had 1,000 bucks invested, it would turn into 7,660 dollars; or am I straight tripping?
- garryLv 53 months ago
old accountants trick , they can make it like you have gained when you have lost , there taking what the profit is when tesla shares first went on sale to there current over inflated they are today , yes they actually have increased by that percentage if you got them at the first time they appeared on the stock market , but they left that trivial bit out , probably the printers excuse . standard rule shares go up and they go down , no real cash actually changes hand in the end .
- StephenWeinsteinLv 73 months ago
A 766% rise would mean that if you had invested $1000, it would have turned into $7660 more than that, so $8660.
- Thing ThreeLv 43 months ago
Yes that's what it means
- BillLv 63 months ago
$8,660. It defies logic. People keep saying it’s price reflects future growth. Not one rational forecast of Tesla’s future supports the sky high market capitalization. “It’s a tech company!” So what? The vast majority of Tesla’s revenue is from car sales and carbon credits generated by car sales. It’s a car manufacturer with a solar side business that is not doing well.