Tesla became a publicly traded company in June 2010 and has had a successful journey as the largest player in the electric vehicle industry.

Tesla's stock has become tricky to value due to the company's expansion into new areas with high potential.

Despite a 62% drop in Tesla's share price in 2022, the company is worth significantly more today than it was at its initial public offering.

Tesla's IPO price was $17 per share, and the company has undergone two stock splits since then, reducing the price per share to $1.13

 Based on the recent stock price of $150.23, an investment of $10,000 in Tesla's IPO would be worth over $1.32 million, representing a compound annual rate of return of 48%.

 This return is nearly five times higher than the return of the benchmark S&P 500 index over the same period.

It is likely that Tesla's stock will continue to outperform in the future due to the magnitude of the company's opportunities.

Some investors may want to consider buying now and taking advantage of the 62% drop in the stock price this year.

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