Tesla (TSLA) is a massive industry disruptor, from vehicles with bioweapon defense modes to solar roofs. Here’s everything you need to know about where to buy TESLA stock.
Tesla fans are devoted, whether they admire Elon Musk or simply enjoy the look and performance of his company’s vehicles. This has resulted in some impressive investment returns. Tesla’s revenues increased by 80% year over year, according to its most recent earnings report.
History of Tesla
Martin Eberhard and Marc Tarpenning founded the company Tesla Motors, Inc. on July 1, 2003. Eberhard and Tarpenning held the positions of CEO and CFO, respectively. Eberhard stated that he wished to create “a car manufacturer that is also a technology company,” with core technologies such as “the battery, the computer software, and the proprietary motor.”
Tesla, Inc. is a multinational American automotive and clean energy corporation headquartered in Austin, Texas.
Tesla is one of the most valuable companies in the world and the most valuable automaker. In 2021, the company had the most global sales of battery-electric vehicles and plug-in electric vehicles.
Tesla Motors was founded in July 2003 by Martin Eberhard and Marc Tarpenning. The name of the company is a nod to inventor and electrical engineer Nikola Tesla. Elon Musk became the company’s largest shareholder in February 2004 after investing $6.5 million.
By September 2014, the car had broken all-time sales records in the United States, with 2,500 sold in just one month, and sales reached a new high of 10,030 in Q1 2015. It is now considered a standard in the world of electric vehicles. The company’s market capitalization was $909.6 billion as of March 4, 2022. Knowing where to buy Tesla stock is important.
Tesla delivered around 1.31 million vehicles in 2022, a 40% increase over the previous year, and cumulative sales totaled 3 million cars as of August 2022. Tesla’s market capitalization will reach $1 trillion in October 2021, making it the sixth company in US history to do so.
The Best Places to Buy Tesla Stock
1. Robinhood
Brokerage services are provided by Robinhood Financial LLC, a registered broker-dealer (member SIPC), and clearing services are provided by Robinhood Securities, LLC, a registered broker-dealer (member SIPC). Robinhood Crypto, LLC, provides cryptocurrency services.
Commission-free stock, ETF, and options trading Robinhood Financial’s self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically pay no commissions.
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2. Public
Public is a financial platform that allows users to invest in stocks, ETFs, cryptocurrency, art, NFTs, collectibles, and other assets all in one place.
With access to custom company metrics, live market shows, and real-time analysis, Public’s platform helps people become better investors. Members use a suite of powerful tools to control how they invest and gain insights from a community of millions of investors, creators, and analysts.
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3. MooMoo
Moomoo Financial Inc. is a FINRA-registered and regulated online broker-dealer that is also a member of the SIPC (the “Securities Investor Protection Corporation”).
MFI, which was founded in Palo Alto, California in 2018, is a next-generation broker-dealer that provides an enhanced trading experience. The firm provides commission-free trading and combines technology with mobile investing.
Click here to visit the Moomoo website
How to Buy Tesla Stock
1. Create a Brokerage Account
A brokerage is more than just your ticket to ride TSLA to the moon. It also includes all of the research and education you’ll need to be a successful investor, as well as various types of investment accounts tailored to specific goals.
Opening a brokerage account is the first step in purchasing and selling securities such as stocks, mutual funds, and exchange-traded funds (ETFs). Knowing where to buy Tesla stock is important.
If you want more control over your investment account, you should open a taxable brokerage account. These allow you to invest for any purpose or time frame, but you must pay taxes each time you sell an investment for a profit or receive dividend income.
2. Know How Much You Want to Invest
Stock prices are always volatile, but Tesla’s stock price has remained above $400 per share for the past year. You might not be able to purchase an entire share of TSLA just yet. Some brokerages, such as Charles Schwab, Robinhood, Fidelity, and Stash, allow you to buy fractional shares of stocks.
The majority of people invest in one of two ways: with a large lump sum all at once or with small amounts over time. This latter method, known as dollar-cost averaging, may reduce your risk and help you pay less per share on average over time.
3. Examine Tesla’s Performance and Prospects
Before purchasing Tesla stock, it’s a good idea to do some research on the company’s finances, performance, and future prospects. The annual reports (Form 10-K) and quarterly reports of a company are the best places to start (Form 10-Q). In these cases, public companies such as TSLA are required to publish detailed information about their financial health.
You can also seek advice from experts. Brokerage firms frequently issue commentary on major stocks and industries, and third-party evaluators such as Morningstar provide in-depth analysis.
4. Choose Your Order Type and Submit It
After deciding the amount to invest in Tesla, you can purchase your first shares. Log into your brokerage account and enter Tesla’s ticker symbol (TSLA) as well as the number of shares or dollar amount you want to invest.
After deciding the amount to invest in Tesla, you can purchase your first shares. Log into your brokerage account and enter Tesla’s ticker symbol (TSLA) as well as the number of shares or dollar amount you want to invest.
You can continue to place orders for a few hours before or after the market opens if your brokerage offers pre-market and after-market trading. Any orders received outside of trading hours will be filled as soon as the exchange reopens.
5. Assess Your Investment
Whether you invest in Tesla or other securities, it’s a good idea to monitor their performance on a regular basis. It’s probably best, to begin with, an annualized percentage return. This allows you to compare how well TSLA performed over the course of a year in comparison to other companies or investments.
Compare it to industry benchmarks such as the S&P 500 and the Nasdaq Composite Index. This will show you how Tesla compares to the market as a whole.
Conclusion
Tesla is the most well-known electric vehicle manufacturer in the world. Elon Musk, the company’s influential CEO, has made electric vehicles the future and brought advancement to the auto segment with features such as the disputed autopilot function in its cars. Knowing where to buy Tesla stock is important.
The car market in the United States is dominated by established automakers such as Ford (F), Honda (HMC), and Chevrolet (GM). However, one company stands out from the crowd: Tesla Motors, a manufacturer of electric vehicles (TSLA). Tesla and its CEO, Elon Musk, rose to prominence in 2012, when the Model S, the company’s flagship vehicle, was released.
Frequently Asked Questions
Tesla is a publicly traded company, and its stock is available to anyone of legal purchasing age. To become a shareholder, you must first open a brokerage account. You’ll have a number of brokers to choose from, but it’s best to go with the one that best fits your financial situation.
What platform can I buy Tesla stock on?
“You can buy Tesla shares by opening a brokerage account with a trading platform such as TD Ameritrade, E*Trade, or Charles Schwab, to name a few,” she says. Brokerage accounts are digital vehicles through which you can buy investments such as stocks, ETFs, options, bonds, mutual funds, and more.
Can you invest $1 in Tesla?
With Stash, you can begin investing in TSLA with as little as $1. (I have a position in TSLA through Stash.) It’s also relatively simple to get started with Stash. There is no account minimum, and you can begin investing immediately after funding your account.
Is now a good time to invest in Tesla?
Its output increased by 47% in 2022 compared to 2021. However, deliveries increased only 40%, leading investors to believe Tesla may not meet its previous projections of 50% growth over the next few years. That being said, now is an excellent time to start buying or adding to your position.
How much money do you need to start investing in Tesla?
The starting point is $100. Stash Invest is intended for new investors who require some guidance. It recommends stocks based on your goals and risk tolerance, but you can also select your own stocks. You can get fractional shares.