The Tesla Model S has come to an end, with the final deliveries being made to customers. This marks the conclusion of an era for the electric vehicle, which was first introduced on June 22, 2012. The Model S was a game-changer in the automotive industry, proving that electric vehicles could be a viable alternative to traditional gas-powered cars.
Tesla Model S/Model X History
The Model S was a groundbreaking vehicle that achieved several milestones, including being the first electric vehicle to have a 400-mile range. It also became one of the top-selling electric vehicles of all time, with over 750,000 units produced over the last 14 years. The Model S was named one of the greatest inventions of the last 25 years by Time magazine, and it marked a new moment in the development of electric vehicles.
The Model S was a top invention winner in 2012, and it proved to be a game-changing advance for electric vehicles. It expanded driving range and made electric vehicles an exciting alternative to gas-powered predecessors. The success of the Model S nudged competitors to make their own electric vehicles more enticing, and Tesla capitalized on its head start to continue developing its technology and creating new cars.
Investing in Tesla Stock
For investors who bought Tesla stock when the Model S was first delivered, the investment has paid off significantly. On June 22, 2012, Tesla stock traded at a split-adjusted $2.25 per share. Today, investors who bought Tesla stock on that day have realized a gain of 18,476.4%. A $1,000 investment in Tesla stock on that day could have purchased 444.44 shares, which would be worth $185,762.59 today.
In contrast, the Model S had a retail price of $77,400 at debut. Investors who bought Tesla stock instead of the Model S could have bought 34,400 shares, based on the split-adjusted price. The investment in Tesla stock instead of buying a Model S would be worth $14,378,168.00 today.
What’s Next for Tesla
The ending of the Model S and Model X production marks a new era for Tesla, with a focus on new products such as robotaxis and the Optimus Bot. Tesla CEO Elon Musk believes that these products have the greatest potential to take Tesla to a $20 to $30 trillion company. The company’s Chief Design Officer, Franz von Holzhausen, has pledged to continue pouring love into future products, and the company is looking to make room for something even greater.
Only time will tell if the robotaxis and Optimus Bot will be as big of hits for Tesla as the Model S and Model X. However, one thing is certain: the Model S has left a lasting impact on the automotive industry, and its legacy will continue to shape the future of electric vehicles.