Morgan Freeman owned Tesla stock purchased in 2016, which is now worth about 30 times more due to significant growth. His publicist declined to provide details on his holdings. Freeman described owning the company as a “holy grail” and highlighted Elon Musk’s visionary ideas for space exploration, including Mars colonization. Tesla’s stock surged from $13.50 in 2016 to $415 by Friday this week, representing an 8-year increase of over 30 times. An initial investment of $10,000 would now be worth approximately $307,000. Tesla’s market value has ballooned to $1.3 trillion, making it one of the world’s most valuable companies. Its revenue surged from $7 billion in 2016 to $97 billion in 2023, with a massive shift from a $600 million operating loss to nearly $9 billion profit.
Source: https://www.businessinsider.com/morgan-freeman-elon-musk-tesla-stock-spacex-electric-vehicles-investing-2025-1