per share issuance price · Reported issuance month · May 2007
SEC · Tesla filing ↗Note 5, Convertible Preferred Stock, F-22–F-23: issuance and conversion prices; Note 1 and Note 15: May 2010 reverse split
Electric vehicles & autonomy
Tesla
Tesla’s IPO-era business centered on electric vehicles and electric powertrain technology.
01 / YOUR SCENARIO
Choose your starting point.
Choose an IPO milestone or enter your own dated stock price to extend a reviewed pre-IPO scenario.
HYPOTHETICAL SHARE VALUE
TeslaSeries D
Hypothetical value of $10,000.00 at the reported share price
$23,224.04IPO offer-price mark · IPO pricing date: Jun 28, 2010
2.32×Price multiple
+132.2%Modeled price change
Illustrative paper value. Historical investment minimums and your eligibility are not verified. Excludes fund fees, carried interest, taxes and distributions; no sale is assumed.
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BEHIND THE NUMBERS
What this scenario means for an investor.
This scenario applies the stated share prices and conversion assumptions to your chosen amount. The result is a hypothetical value, not a completed transaction.
- Your amount vs. the investment minimum
- Your amount sets the size of the illustration. It does not establish the minimum required to join that funding round.
- Access depends on the offering
- Investor eligibility and allocations depend on the offering’s terms. A recorded funding price does not mean everyone could invest at that price.
- Direct shares and fund units differ
- A direct share and a unit in a fund or investment vehicle can have different rights and costs. This scenario does not establish a specific investment route.
- A price is not a cash exit
- Lockups, transfer restrictions and available buyers can affect a holder’s ability to sell. The displayed value does not assume a sale.
See the data, sources & calculation
Series D and F use original preferred issuance prices. Note 5 gives issuance/conversion prices of $2.44/$7.32 and $2.97/$8.91, respectively, so each preferred share maps to one-third of a common share. The May 2010 common-stock reverse split is included in this factor; do not apply it again. Offering value uses the June 28, 2010 $17 price, before any later public-market splits. Prices are rounded in the filing; output is approximate. Other preferred series, notes and warrants are excluded.
Calculation: amount ÷ reviewed preferred issuance price × assumed conversion factor × IPO offering price.
public offer price per share · IPO pricing date · Jun 28, 2010
SEC · Tesla filing ↗Prospectus cover: $17 offering price, June 28, 2010
Published price precision is retained in calculations. A filing snapshot is not necessarily the investment date. These selected companies and stages do not represent typical private-market results; investments can lose their entire value.
Understand the assumptions behind each result. How the calculations work →
Detailed share worksheet & downloadable receiptOptional controls for a closer look at the same evidence.
THE EVIDENCE, IN BRIEF
Can I follow an early Tesla share beyond its IPO?
Yes. The historical model maps each reviewed Series D or F preferred share to one-third of a common share, then marks it at the IPO offering price. The optional entered-price mode applies the reviewed subsequent splits to that common-share basis. An entered price is not a verified quote or realized sale.
| Observation | Published value · USD | Date and meaning | Original evidence |
|---|---|---|---|
| Series D preferred issuance | 2.44 per share issuance price | 2007-05 reported issuance month | SEC · Tesla filing ↗ Checked 2026-09-17 |
| Series F preferred issuance | 2.97 per share issuance price | 2009-08 reported issuance month | SEC · Tesla filing ↗ Checked 2026-09-17 |
| IPO offering price | 17 public offer price per share | 2010-06-28 offering pricing | SEC · Tesla filing ↗ Checked 2026-09-17 |
WHEN YOU WANT TO GO DEEPER
The story behind Tesla
What this shows
A preferred share must be converted to the right common-share equivalent before the IPO price can be applied.
The endpoint matters
$17.00 per share at the historical IPO offering. An offer-price mark is not an executed sale. You can also enter a public price within the reviewed date window.
Read it realistically
Your amount is hypothetical. The evidence does not establish your investment minimum, eligibility or ability to sell.
Company at a glance & business milestonesThe Roadster came before the mass-market story.
Tesla’s IPO-era business centered on electric vehicles and electric powertrain technology.
- Origins
- Roadster introduced in 2008
- Industry
- Electric vehicles & autonomy
- Calculation coverage
- 2007 / 2009 preferred rounds → 2010 IPO
At the 2010 offering, Tesla was selling the Roadster and developing the Model S. The prospectus describes a manufacturing business still building its product range and sales network. Reading that early plan gives the financing prices context.
Issuer filing ↗ · Prospectus summary, pages 1–2; risk factors; offering cover.
Roadster introduction
Tesla’s first vehicle introduced its electric powertrain technology to customers.
Source ↗IPO prospectus
The offering priced common shares at $17; this is the calculator’s historical endpoint.
Source ↗
Historical context reviewed Sep 19, 2026. Business milestones are separate from the financial observations used by the calculator.
Compare the supported funding stagesA fixed $10,000 illustration makes the entry points easier to compare.
Selected reviewed stages, not a complete fundraising history. The same hypothetical amount is used in every row. Private investments can lose all their value.
| Preferred series | Private issuance price | Illustrated amount | Explore |
|---|---|---|---|
| Series D | $2.44 | $23,224.04 | Try this stage → |
| Series F | $2.97 | $19,079.69 | Try this stage → |
Each row applies that series’ reviewed split and conversion treatment. No sale, fees or taxes are assumed.
What investors faced & what remains unknownAccess, share terms, risks and the limits of this research.
Context to keep in mind
The 2010 prospectus describes manufacturing, financing and product-development risks. A successful later business does not remove the uncertainty an early investor faced.
CTM interpretation of the linked history and financing evidence; not a complete risk assessment.
What the evidence supports
Series D and F use original preferred issuance prices. Note 5 gives issuance/conversion prices of $2.44/$7.32 and $2.97/$8.91, respectively, so each preferred share maps to one-third of a common share. The May 2010 common-stock reverse split is included in this factor; do not apply it again. Offering value uses the June 28, 2010 $17 price, before any later public-market splits. Prices are rounded in the filing; output is approximate. Other preferred series, notes and warrants are excluded.
- Investment minimum
- Not verified for these historical entries
- Actual access and allocation
- Not established
- Realized sale proceeds
- Not calculated
- Full funding history
- Not yet compiled; this is selected coverage
What additional research would unlock
Additional rounds need their own issuance evidence, share-basis review and conversion terms before they can become calculator choices.
How to read this company’s calculationTesla before the IPO: why share conversion matters
Tesla’s reviewed Series D and Series F prices tell a more useful story when you follow the shares through conversion. The filing reports original preferred issuance prices of $2.44 and $2.97, respectively. Its conversion terms map each of those preferred shares to one-third of a common share.
The calculator incorporates that conversion before applying the historical $17 IPO offering price. Simply dividing $17 by the original preferred price would overstate the modeled multiple. The pre-IPO reverse split is already included; later public-market splits do not belong in this 2010 endpoint.
Try the same hypothetical amount in both supported series. The difference illustrates how entry terms affect an offer-price mark, without assuming that either investment was available to you or that you could sell at the IPO.
Supporting observations: Series D preferred issuance ↓Series F preferred issuance ↓IPO offering price ↓
Common questions
Does this show what an early Tesla investment is worth today?
The default model ends at the 2010 IPO offering price. The optional entered-price scenario applies reviewed later splits to a price and date you supply. It is a hypothetical price-only value, not a verified current quote or realized sale; dividends, fees and taxes are excluded.
Why does the calculator apply a conversion adjustment?
The reviewed filing gives Series D issuance/conversion prices of $2.44/$7.32 and Series F prices of $2.97/$8.91. Those terms imply one-third of a common share per preferred share. Applying the reverse split again would count the same adjustment twice.
Could I actually have invested the amount I enter?
The amount is a hypothetical scaling input. This evidence does not establish your eligibility, a minimum allocation, access to the round or holder-specific selling restrictions.
Research update · Sep 19, 2026
Added an optional entered public share price, with reviewed conversions, splits and a company-specific date window.
Review dates describe our research. They do not turn historical prices into current quotes.Keep exploring
Financial observations & original sources3 sourced observations · expand to inspect each record
Milestones & evidence
3 sourced observationsReported issuance month
Series D preferred issuance
A · Documented transaction$2.44 USD
Preferred share price before conversion
Series D and F use original preferred issuance prices. Note 5 gives issuance/conversion prices of $2.44/$7.32 and $2.97/$8.91, respectively, so each preferred share maps to one-third of a common share. The May 2010 common-stock reverse split is included in this factor; do not apply it again. Offering value uses the June 28, 2010 $17 price, before any later public-market splits. Prices are rounded in the filing; output is approximate. Other preferred series, notes and warrants are excluded.
Primary source checked
SEC · Tesla filing · IPO prospectus (Form 424B4) (opens in a new tab)Evidence details
- Publisher
- SEC · Tesla filing
- Source location
- Note 5, Convertible Preferred Stock, F-22–F-23: issuance and conversion prices; Note 1 and Note 15: May 2010 reverse split
- Share class
- Series D preferred
- Checked on
- Sep 17, 2026
- Observation ID
- TSLA-D
Reported issuance month
Series F preferred issuance
A · Documented transaction$2.97 USD
Preferred share price before conversion
Series D and F use original preferred issuance prices. Note 5 gives issuance/conversion prices of $2.44/$7.32 and $2.97/$8.91, respectively, so each preferred share maps to one-third of a common share. The May 2010 common-stock reverse split is included in this factor; do not apply it again. Offering value uses the June 28, 2010 $17 price, before any later public-market splits. Prices are rounded in the filing; output is approximate. Other preferred series, notes and warrants are excluded.
Primary source checked
SEC · Tesla filing · IPO prospectus (Form 424B4) (opens in a new tab)Evidence details
- Publisher
- SEC · Tesla filing
- Source location
- Note 5, Convertible Preferred Stock, F-22–F-23: issuance and conversion prices; Note 1 and Note 15: May 2010 reverse split
- Share class
- Series F preferred
- Checked on
- Sep 17, 2026
- Observation ID
- TSLA-F
IPO pricing date
IPO offering price
A · Documented transaction$17.00 USD
Historical offer-price mark
2010 share units; not a present-day split-adjusted quote.
Primary source checked
SEC · Tesla filing · IPO prospectus (Form 424B4) (opens in a new tab)Evidence details
- Publisher
- SEC · Tesla filing
- Source location
- Prospectus cover: $17 offering price, June 28, 2010
- Share class
- Common
- Checked on
- Sep 17, 2026
- Observation ID
- TSLA-OFFER
What’s missing matters.
There are no daily private-market prices between these observations. We do not fill the gaps with an invented curve. Investment returns require the specific security, entry terms, dilution and an actual exit or appropriate mark.
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