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It wasnt until 2008 that the first Tesla vehicle, the Roadster sports car, came out.
Today,Teslais one of the most renowned vertically-integrated sustainable energy companies in the world.
When Tesla was still in its earliest days, many individuals jumped on the chance to invest.
In those early days, an emerging company like Tesla could have gone either way.
For Klesinger, it was just too high of a risk, one he regrets not taking now.
As an insurance executive, I attempt to makeprudent financial decisionsin all areas of my life, he said.
When Tesla went public, its initial public offering (IPO) was just $17 a share.
By the end of that first day, however, itd jumped up to $23.89.
Thats a 40.5% gain in a single day.
Had someone invested just $10,000 in Tesla back then, theyd be a millionaire in 2024.
Thats because Teslas seen a compound annual growth rate of 41.9% since inception.
In comparison, the S&P 500 has seen a 12.4% annual growth rate.
In hindsight, I deeply regret that choice, he said.
Teslas vision for an all-electric future and push for autonomous vehicles were game-changing.
The stock price has climbed over 36,000% since the IPO, turning many small investments into fortunes.
Of course, as with any company, Teslas share prices have fluctuated over time.
In fact, itd only get someone about 50 shares of the company.
I missed an opportunity to be part of something truly transformative.
My advice to others is dont miss out on the next Tesla.
Take a chance on companies shaping the future.
It doesnt hurt to be a little cautious, though.
After all, there are no guarantees that the next startup will also be the next Tesla.
Not every company will be a winner, or the venture that turns someone into a millionaire.
If youre looking for the next best investment, do your due diligence.
Stock picking isnt a sure thing, though.
In fact, it is reported that over 90% of stock pickers underperform.
If youre lucky, you could accumulate a minor fortune.
If youre not, you could end up with much less than you expected.
In any case, it might be wise to consult a professional for guidance.
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