Morgan Freeman could have made a small fortune with Tesla stock he bought due to Elon Musk
Topics: Business, Elon Musk, Morgan Freeman, Technology, Tesla, Money
Ellie Kemp
Featured Image Credit: Chris Haston/WBTV via Getty Images
Topics: Business, Elon Musk, Morgan Freeman, Technology, Tesla, Money
Morgan Freeman might owe a portion of his impressive fortune to Tesla stock.
The award-winning actor has reportedly racked up a net worth of $250 billion across his five-decade career. And back in 2016, the Shawshank Redemption star revealed he was an investor in the electric car company - and a 'huge fan' of its CEO Elon Musk.
In an interview on CNBC, the Hollywood actor sat down with Binge host Carl Quintanilla. Freeman said he sometimes checks up on the stock market while on set, confirming he owned some in Tesla.
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"I'm a huge fan of Elon Musk. He's got the most incredibly forward-thinking ideas about where we can go technologically," Freeman said at the time.
Praising the tech billionaire and his cosmic exploration company SpaceX, he continued: "He's [Musk], 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?"
He continued: "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."
The interview clip has gone viral multiple times since on social media. Watch it below:
Even Musk himself acknowledged Freeman's words.
Responding to a re-upload of the clip via X in June 2024, Musk said: "I’m a huge fan of Morgan Freeman!"
While Freeman never specified how much Tesla stock he owned or how much he bought it for, he could've made some series profit as Tesla has seen some major growth in the past nine years.
A lot has changed since then, and as Musk takes on a new role as head of the Department of Government Efficiency for Donald Trump’s administration, stock prices have seen a rise.
In fact, a share purchased at the time of Freeman's CNBC interview would now be worth roughly 30 times as much.
Tesla stock cost around $13.52 when the interview aired, while last week (January 24 2025), it came in at $406.58.
If Freeman had bought $10,000 worth of Tesla stock on the day of the interview and didn't sell, he would've made a 3,000 percent profit, as it would today be worth $300,000.
That might be a life-changing figure to you or I, but $300,000 is only 0.12 percent of Freeman's reported $250 million net worth.
Freeman's publicist told Business Insider: "Mr. Freeman has a policy of not publicly discussing his personal investments."