2023 will go down as a good year for investors. Not only bitcoin (BTC) and the majority of the crypto market have risen sharply, many shares have also made an impressive path over the past twelve months. If you had put $1,000 into Tesla (TSLA) on the first traditional trading day of the year, how much would it have been worth today?
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On the first trading day of the year (January 3), you could become a Tesla shareholder with an investment of $ 108.10. At the time of writing, Tesla’s share price has risen to $256.61. This reflects a share price increase of 137.38 percent.
This means that if you had decided on January 3 to invest 1,000 euros in Elon Musk’s company, it would now have a value of 1,373.80 euros. The total profit is therefore equal to 373.80 euros.
Tesla stock has mainly boomed during the first half of the year. The annual peak was reached in July. To be precise, the price reached an absolute peak of $293.34 on July 18. Measured from the annual opening price of $108.10, this is a price increase of 171.36 percent.
Tesla vs BTC: Trade both on eToro
Tesla’s market capitalization has been somewhat comparable to Bitcoin’s for several years. Currently, Bitcoin is just 1 spot higher than Tesla in the rankings for largest global assets, according to data van Companies Market Cap.
Bitcoin is in 10th place with a total market capitalization of $830 billion, while Tesla is in 11th place with approximately $790 billion. The two assets were also neck and neck at the beginning of the year, but at the time Tesla actually had a small lead.
Bitcoin’s catch-up logically means that the decentralized asset has a higher annual return than Tesla for the time being. The bitcoin price is currently 149.97 percent higher than on January 1.
Overall, both assets have skyrocketed this year. eToro users have the flexibility to include both Bitcoin and Tesla in their investment portfolios. Would you also like to build a diversified portfolio with different asset classes? You can create an account for free via this link and get started immediately.
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2024-01-01 12:26:31
#investment #Tesla #January
