SHOP For A Tesla

Tesla (TSLA) has gobbled up a ton of news coverage over the last few months as its stock price has soared. Less than a year ago the stock was languishing at the same level it was trading at in early 2014, but since it started its lift-off in early June 2019, shares are up 334%.

Below is a chart showing Tesla’s (TSLA) percentage change since it IPOd at $17/share back in June 2010. Investors who managed to get in at the IPO price (and have stayed in) are now sitting on a return of 4,474%.  

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While it hasn’t gotten nearly the same amount of coverage as Tesla (TSLA), a company that’s headquartered in Canada is really giving Tesla a run for its money. As shown below, e-commerce company Shopify (SHOP) — which IPOd at the same $17 share price as TSLA in May 2015 — has returned 3,159% since it went public less than five years ago.

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Below we show the percentage change for both Tesla (TSLA) and Shopify (SHOP) from their IPO price. While Tesla is currently in the lead by more than 1,000%, SHOP has done more in a shorter amount of time.

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If we show where Tesla (TSLA) was trading at this point in SHOP’s lifespan as a public company, SHOP is the clear winner:

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Even if we look at more recent returns, SHOP has quietly managed to keep up with TSLA. Since the start of 2019, SHOP is actually up 300% versus TSLA’s gain of 134%.

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It’s only over the very near term that TSLA has been stronger. Even still, over the last three months, SHOP has put up a gain of 81% versus TSLA’s 122% gain.

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As mentioned above, Tesla (TSLA) is up 4,472% since it IPOd on June 28th, 2010. We wanted to see which, if any, stocks had put up similar performance numbers over the same time frame.

Below is a look at the best-performing stocks in the Russell 3,000 since TSLA’s IPO. There are actually four stocks that have done better, with Paysign (PAYS) on top by a mile. Back in June 2010, PAYS was trading at $0.05/share, so its current price of $9.15 gives it a gain of more than 18,000% over this time frame. Patrick Industries (PATK), MMC Capital (MMAC), and LendingTree (TREE) are the three other stocks that have outperformed TSLA since its IPO date.

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