Dallas, Texas 08/26/2013 (Financialstrend) – The incredible surge of the stock of Tesla Motors Inc (NASDAQ:TSLA) which was noticed during this year has brought the benefited the company with some clean energy exchange traded funds thereby bringing the company with the high weighting to the stock that are in the company’s basket. Under such circumstances, one could be more surprised to see the huge growth of a college student’s paper profits over Tesla Motors Inc which has its worth as high as around $ 250000 at present. It was observed that the shares of Tesla Motors Inc have been soaring during the current year and the early investors have been watching the growth of their investments.
One among these investors is Patrick Hop, who is a 22-year old college student attending University of California in Berkeley. About a year before, he made an investment of $ 30,000 which was his life savings into the shares of Tesla’s stock. Now, his investment has grown big to $ 250,000. He stated that he was insisting to his friends that Tesla Motors Inc would grow huge which was not believed by them. The gains of Patrick Hop are still on paper at this point and the paper is still growing up in value.
When Patrick Hop made his investment in Tesla Motors Inc, the stock of the company was trading at the price of $ 32 per share and he sold off his shares, the price had been increased to $ 115 per share. But, he re-invested the money into the call options which is expiring on January 2015 with the strike price $130.
By the end of last trading session, the shares of Tesla Motors Inc closed at 3% higher which took the stock of the company to more than $ 160 per share. This is the first time in the history of Tesla Motors Inc to hit this stock price thereby marking a significant milestone for the company. The shares of Tesla Motors Inc have increased by more than 400% when compared to the last year.