“When Tesla went public it was a $2-odd-billion market cap. It’s something that’s now 10X-ed in 10 years,” Palihapitiya said in a “Squawk Box ” interview. “If we are lucky to have the same trajectory and the same customer love, I think we would all look back and say we’ve done something absolutely fantastic in human technology.”
Palihapitiya has been a longtime bull on Tesla stock, calling CEO Elon Musk over the years “the Thomas Edison of our generation.”
Since Tesla went public in 2010 at $17 per share, the stock soared more than 1,200% as of Monday’s close to around $230 per share. That translates to a Tesla stock market value of nearly $41 billion, compared with the $2.2 billion market cap at the end of its first session of trading.
Tesla shares, down about 30% in 2019, saw their all-time high of just…