uniladtech homepage
  • 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
  • Archive
  • 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

google discoverFollow us on Google Discover
Featured Image Credit: Presley Ann / Stringer / Getty
Elon Musk
Tesla

Advert

Advert

Advert

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.


Morgan Freeman: What Elon Musk has done, nobody else has ever done.

“I'm a huge fan of Elon Musk.I think he's got the most incredibly forward-thinking ideas about where we can go technologically.

What he's done, nobody else has ever done. He's landed a rocket ship, so it's… pic.twitter.com/6FR7dJQZo8

— ELON CLIPS (@ElonClipsX) January 16, 2025

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."

Choose your content:

5 days ago
10 days ago
11 days ago
17 days ago
  • Alexander Spatari / Getty
    5 days ago

    Congress want to introduce hefty yearly charge to drive electric vehicle

    Critics say the fee punishes drivers choosing cleaner transport

    Vehicles
  • Smith Collection/Gado / Contributor via Getty
    10 days ago

    Atlanta suburb haunted by group of Waymos circling their neighborhood for weeks

    The self-driving cars had a mind of their own

    Vehicles
  • Andriy Onufriyenko/Getty Images
    11 days ago

    Study reveals how soon cars could 'self-diagnose' faults as Gen Z drivers demand AI-powered vehicles

    Drivers want their future cars to do more than just get them from A to B

    Vehicles
  • Iuliia Bondar / Getty
    17 days ago

    Businessman worth $600 million clashes with major airline over beloved airport tradition

    Many agree that the holiday really starts as soon as you get to the airport

    Vehicles
  • Elon Musk buys $1,000,000,000 in Tesla stock following his major debt warning
  • Elon Musk calls out Eric Kripke in savage review of finale where Tesla billionaire was 'mocked'
  • Tesla accused of pumping shocking amount of 'black liquid' from $1 billion lithium refinery every second
  • Tesla engineer quits company after 8 years with scathing message for Elon Musk on way out