A Costly Decision
Woody Harrelson finds himself recounting a tale of financial woes, revealing a staggering misstep of not backing Elon Musk‘s ingenious brainchild, Tesla Inc. TSLA. The seasoned actor lamented about this colossal financial blunder during a recent interview, shedding light on a missed opportunity that continues to gnaw at him.
The Lost Chance
What Happened: In a revealing interview with Marketwatch, Harrelson touched upon a pivotal moment in his financial journey. The actor disclosed a time when he stood at the crossroads of decision-making, presented with a golden opportunity to invest in Tesla back when the company was in its infancy stages.
Harrelson recollected a vivid encounter where one of Musk’s emissaries made his way to the actor’s abode in a flashy, lightning-fast automobile, extending an invitation to partake in the Tesla venture. However, Harrelson’s hesitation prevailed, marking a regrettable choice that continues to haunt him to this day. Yet, this tale of missed fortune is just one amongst a repertoire of regrets that Harrelson carries with him.
Reflecting on the fateful encounter, Harrelson reminisced, “This guy came up to the house and he had this really fancy, superfast car. Almost like a race car. Not an actual race car, but it was like a Ferrari-type car and it was super fast. We took a ride in it. He’s like, ‘You want to invest [in the company]?’ And I’m like, ‘Nah, I don’t think so.’”
The “Ferrari-type car” alluded to in the interview is presumably Tesla’s pioneering creation, the original 2008 Roadster.
Significance and Growth
Why It Matters: Established in 2003, Tesla eventually made its foray into the public domain in 2010. As the curtain rose on Tesla’s first day of trading on the Nasdaq stock exchange on Jun. 29, 2010, the shares concluded at a split-adjusted price of $1.59.
Fast forward to the present, Tesla shares wrapped up the week at $214.11, illustrating a whopping 135-fold surge in valuation since its inception. Noteworthy milestones include the company’s share price soaring past the $400 mark in November 2021.
Despite its upward trajectory, Tesla has encountered a 13.8% dip in stock performance year-to-date, according to data sourced from Benzinga Pro.
For more on Benzinga’s Future Of Mobility coverage, click here.
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