Tesla Inc TSLA CEO Elon Musk marks his 51st birthday on Tuesday. As Musk turns 51 years old, he’s left a trail of success in his wake.
The entrepreneur’s achievements are numerous. Musk is one of the co-founders of PayPal Holdings Inc PYPL and leads both Tesla and SpaceX. He is also the co-founder of Neuralink and the founder of The Boring Company.Â
Musk is a prolific user of Twitter Inc TWTR, where he has more than 100 million followers. This year, he has been in the news because he approached the social media platform with a buyout offer.
On Twitter, Musk is known for his posts on Dogecoin DOGE/USD, a meme cryptocurrency created by Billy Markus and Jackson Palmer in 2013.Â
The Investment
If an investor was inspired to put $100 each in Tesla shares and DOGE — two assets linked to Musk — on his last birthday, here’s how much they’d have now.
Tesla shares closed on June 28, 2021, at $688.72 on an adjusted basis. DOGE closed at $0.26 approximately on the same day.
On Monday, Tesla closed at $734.76 in the regular session, while at press time DOGE traded at $0.071.
| Investment | Date Of Purchase/Listing | Purchase Amount | Purchase Price | Units/Shares Obtained | Worth Today | Percentage Change |
|---|---|---|---|---|---|---|
| Tesla Stock | June 28,, 2021 | $100 | $688.72 | 0.145 | $106.68 | 6.7% |
| Dogecoin | June 28, 2021 | $100 | $0.26 | 384.61 | $27.30 | -72.7% |
The $200 would have turned into $133.99 in the one-year period leading up to Musk’s current birthday. This translates into a decline of nearly 33%.
Most of the decline in the investment took place because DOGE lost nearly 73% of its value in the period between Musk’s two birthdays. Tesla shares gained almost 7% in the time frame.
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Photo: Courtesy of Heisenberg Media via Wikimedia
