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Monday, July 20, 2020

Tesla share rally propels some early fan investors to riches

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Convinced of Tesla Inc's imminent meteoric rise, Orestis Palampougioukis, a Netherlands-based software developer, took out a 43,000 euro ($49,000) loan in early October to invest it all in the electric carmaker, which at the time was trading at around $230 a share. Since then, Palampougioukis' bet has paid off as Tesla's share price has increased more than six-fold, trading around $1,500 on Monday and surpassing every rival to become the world's highest-valued automaker. "To me it di

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Tesla share rally propels some early fan investors to riches originally appeared on Autoblog on Mon, 20 Jul 2020 13:57:00 EDT. Please see our terms for use of feeds.

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