• News
    • Tech News
    • AI
  • Gadgets
    • Apple
    • iPhone
  • Gaming
    • Playstation
    • Xbox
  • Science
    • News
    • Space
  • Streaming
    • Netflix
  • Vehicles
    • Car News
  • Social Media
    • WhatsApp
    • YouTube
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
TikTok
Snapchat
WhatsApp
Submit Your Content
How Morgan Freeman missed out on small fortune with Tesla stock he bought due to being 'huge fan' of Elon Musk

Home> Vehicles> Car news

Updated 17:07 30 Jan 2025 GMTPublished 17:08 30 Jan 2025 GMT

How Morgan Freeman missed out on small fortune with Tesla stock he bought due to being 'huge fan' of Elon Musk

He must be kicking himself if he's sold it

Tom Chapman

Tom Chapman

Morgan Freeman might be one of the best-known actors around, and while his mantle is adorned with an Academy Award for Best Supporting Actor, a Golden Globe, and a SAG award, he might be kicking himself for missing out on a not-so-small fortune.

Freeman's net worth is a reported $250 million, and that comes after he paid his ex-wife up to $200 million in 2010. He could've been worth a lot more, with a resurfaced interview from 2016 explaining how he was dabbling in the stock market thanks to Elon Musk.

Back then, Freeman told CNBC: "I own Tesla. I’m a huge fan of Elon Musk’s and I think he’s got the most incredibly forward-thinking ideas about where we can go technologically."

Morgan Freeman invested in Tesla stocks before they boomed (Emma McIntyre / Staff / Getty)
Morgan Freeman invested in Tesla stocks before they boomed (Emma McIntyre / Staff / Getty)

Advert

Continuing to praise the SpaceX and Tesla CEO, Freeman gushed: "You know, what he’s done, nobody else has ever done. He’s landed a rocket ship so it’s reusable — you know what a feat that is?

“Now we’re taking off and we’re going to Mars, delivering stuff to people who are going to be settling there, just like they settled the Old West, and bringing those ships back and landing them and reloading them."

Musk has previously reshared the interview and wrote, "Morgan Freeman is awesome," before again resharing it in January 2025.

Although Freeman didn't reveal how much stock he owned, the fact that Tesla stock has soared by a jaw-dropping 800% in the past five years gives you some idea of what it could be worth.

Tesla stock closed at $13.52 on September 6, 2016, and with it currently sitting at $390.30, it's risen by 3,000% since then.

If Freeman had invested $10,000 in 2020, it would now be worth $53,713 - boasting a mind-boggling 437.13% return. As Freeman's investment goes back even further than that, he could be sitting on a fortune. A $10,000 investment from 2016 would now be worth over $300,000.


This may seem like a relatively small sum for someone worth $250 million, but in terms of investments, it would've been a pretty solid one.

Responding to the latest reshare, one fan cheered: "Elon, invite Morgan to the next launch."

Another added: "Of course he is the most influential man of our time. The greatest avant-garde of our time. Elon and his legacy, will be key to the journey to the stars.”

The world has changed a lot since 2016, with someone else concluding: "That was 2016. Being a Musk fan was the norm then. I was one too! We all believed the hype!

"Elon's burned up much of that goodwill in the last 8 years. So, you might want to ask Morgan Freeman *now* if he's still a fan. Maybe he is, but a lot of us former fans aren't anymore."

The question is whether Freeman got out years ago or is still holding onto the wheel of his Tesla stock. Business Insider asked about the investment, with a spokesperson for Freeman explaining: "Mr. Freeman has a policy of not publicly discussing his personal investments."

Featured Image Credit: Presley Ann / Stringer / Getty
Elon Musk
Tesla

Advert

Advert

Advert

Choose your content:

a day ago
2 days ago
3 days ago
7 days ago
  • Instagram / Lufthansa
    a day ago

    Another airline becomes latest to impose harsh restrictions on common item most of us carry on

    You might want to save this for your hold luggage

    Vehicles
  • Andrew Harnik / Staff / Getty
    2 days ago

    Billionaire worth $230B receives speeding ticket while driving on his own island

    At least he could afford to pay the fine

    Vehicles
  • Andrew Harnik / Staff / Getty
    3 days ago

    Elon Musk hints at buying major airline after branding CEO an 'utter idiot'

    Come fly with me

    Vehicles
  • Iuliia Bondar via Getty
    7 days ago

    YouTuber let most expensive airline in the world decide his flight and was left speechless by what happened

    A whole new level of luxury was unlocked

    Vehicles
  • Tesla owners outraged after Elon Musk reveals he'll 'stop selling' major feature next month
  • Elon Musk buys $1,000,000,000 in Tesla stock following his major debt warning
  • Elon Musk slashes Cybertruck prices by $10,000 as Tesla struggles to sell stock
  • Hilarious reason Tesla stock is soaring following reports of Trump’s recent comments on Elon Musk