If you had invested $1,000 in Tesla shares when the electric truck was introduced, you would have the following amounts today

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In the USA, trucks are still the best sellers. In 2022, five of the ten best-selling vehicles were pickup trucks, including the top three vehicles.

References to pop culture, such as when the vehicle appeared in an episode of “The Simpsons,” sparked interest. Podcast host Joe Rogan has also spoken about the vehicle in several of his interviews and praised its unique design.

Tesla estimates it will sell 250,000 Cybertruck units annually by 2025. Musk has tried to play down early expectations for deliveries of the highly anticipated vehicle.

“I always try to downplay the start of production because the start of production is always very slow. It increases exponentially, but is always very slow at first. That’s why I wouldn’t worry too much about starting production. “That’s sort of when mass production happens, and that’s next year,” Musk said during an earnings conference call.

Investors and analysts see the Cybertruck as a major catalyst that could mean further upside potential for Tesla shares. If you purchased shares when the Cybertruck was first introduced, you have already been rewarded.

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Invest $1,000 in Tesla Stock: A $1,000 investment could have purchased 2.94 TSLA shares at the inaugural offering on November 22, 2019.

Tesla underwent a five-for-one stock split in 2020 and a three-for-one stock split in 2022. The split would increase the 2.94 shares to a total of 44.1 Tesla shares.

The $1,000 investment would be worth $15,747.67 today based on a Tesla price of $357.09 at the time of writing. Over the last five years it would have increased by 1,474.8%.

The same $1,000 invested in that SPDR S&P 500 ETF Trust (NYSE:SPY), which tracks the 500 largest U.S. stocks, wouldn’t have fared so well. The $1,000 investment in SPY would be worth $1,937.65 today. This represents a return of 93.8% over the last five years, well behind Tesla’s performance over the same period.

Investors who missed the opportunity to buy Tesla shares when the Cybertruck was first unveiled may have considered buying the stock last November when deliveries took place. An investor could have purchased 4.08 shares of Tesla for $1,000 based on a price of $245.22 on November 30, 2023.

The $1,000 investment would be worth $1,456.93 today, a 45.7% increase.

The same $1,000 invested in the SPY on November 30, 2023 would be worth $1,321.95 today, an increase of 32.2%.

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This article, “Cybertruck turns 1: If you invested $1,000 in Tesla stock when the electric truck was introduced, this is how much you would have had today,” originally appeared on Benzinga.com