Maryam Jinadu
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Tesla was founded in 2003 by Elon Musk. Since then, the American multinational company has become one of the world’s top players and revolutionary inventors in the vehicle-manufacturing industry. As of the time of writing, the Automotive and clean energy company has a market capitalization of $950.54 billion – making its shares a valuable asset for anyone willing to invest in the company. This guide will take you through how to buy Tesla shares in Australia, the best trading platforms to consider, and the benefits of buying Tesla stocks in 2022.

How To Buy Tesla Shares – Step by Step tesla logo

There are many online brokers with Tesla stocks on their trading lists. In Australia, the options are limitless, but we’ll review some of the best exchanges to buy Tesla shares Australia, including eToro.  

No matter the exchange you choose, you’ll need to follow these easy steps to buy Tesla shares:

Step 1: Create a Trading Account 

To invest in Tesla stocks on an exchange, users have to sign up and create an account via the website of their preferred broker. The registration process is usually simple and can be completed within minutes. 

Step 2: Upload ID/Verify Your Account

After creating an account, most exchanges require users to undergo an identity verification process. The process is part of their anti-money laundering (AML) and compliance procedures. And users need to submit proof of identity (POI) and proof of address (POA) documents.

Step 3: Deposit funds 

To buy Tesla shares, users need to deposit money in their account wallets. So, once an account has been verified, the next thing to do is deposit funds using any of the platform’s payment methods. 

Step 4: Practise With a Demo Account

Some exchanges offer free demo accounts to registered customers to demo trade and get familiar with the platform. 

Step 5: Buy Tesla Stocks

The final step is to search for Tesla stocks via the platform’s search bar and begin the open order process.

Your money is at risk.

A Closer Look At How To Buy Tesla Shares

With the right platform, buying Tesla stocks can be seamless for both new and experienced investors. Here’s a closer look at the best way to invest in Tesla stocks in Australia: 

Choose a Broker

As stated earlier, you need to first decide where to buy Tesla shares Australia before investing. You need to create a new brokerage account with a reliable trading platform that lets you easily buy and invest in Tesla stocks. 

If you want to buy Tesla shares in Australia, here are a few recommended online brokers:

eToroetoro logo

Another platform we recommend for buying Tesla shares Australia is eToro. The popular trading platform offers a secure and cheap way to buy Tesla stocks in Australia and other countries. 

Whether you are a beginner or an experienced crypto investor, eToro is a platform worth considering for investing in Tesla. With just a minimum investment of just $10, you can invest in over 1700 stocks and 150-exchange-traded funds on eToro. At the same time, there are no limitations or requirements to investing over $1,000 in Tesla stocks. 

eToro is also commission-free, and users can trade its spreads on blue-chip stocks, like Tesla stocks, at competitive spreads across different markets. And this makes it one of the cheapest ways to invest in Tesla in 2022.

The platform is also reputable for its strong commitment to regulations and low fees. That means its millions of users have a high level of confidence and security to invest in different stock CFDs and ETFs on the platform. 

eToro also offers copy trading tools that allow users to invest in the stock market and earn passive income. With its copy trading feature, you can choose to trade by mirroring the same signals and movements from an experienced trader. 

You may also want to consider the wide range of smart portfolios eToro offers for free if you’re looking at other stocks to buy asides from Tesla. And its user-friendly and easy-to-use interface makes it suitable for Aussies who are just starting with investing in stocks and other digital assets. 

With no previous experience required, low fees, and a minimum deposit of $50, you only need to create an account on eToro and invest in Tesla and other companies within minutes. You can fund your account through various payment methods. The most popular methods are including bank wire transfers, debit and credit card payments, and e-wallets like Neteller and Skrill.

Number of Stocks Over 3,000
Minimum Deposit $50
Deposit Fee Free
Tesla Stock Commission No Commission


78% of retail investors lose money trading CFDs at this site

Fund Your Account 

Funding your etoro account

eToro has a minimum deposit of $50 for its Australian customers. 

You can proceed to deposit funds into your eToro wallet after successfully completing the verification process for your preferred platform. Both online brokers allow you to fund your wallet with a Visa or MasterCard debit card, credit card, e-wallets (like Skrill, PayPal, or Neteller), and bank wire transfers. But eToro users can deposit via bank transfers, with a minimum bank transfer deposit of $500. 

You can deposit more than the $50 minimum if you want to. But we recommend that new investors start with little capital and only invest what they can afford to lose.

Search For Tesla

searching for tesla on etoro

To buy Tesla stocks on eToro, you need to first search for the stock from the platform’s dashboard. To do this, you need to click on the “Search” icon anywhere it’s located on the dashboard screen and search for “Tesla Inc” or “TSLA”. Alternatively, you can enter the Tesla share code (NASDAQ: TSLA) and click on “Trade” to open a new order. Finally, enter the amount you wish to invest. 

Note that the currency value is in USD, so you may want to carry out a conversion first to know its Australian dollar equivalent. 

Place an Order

After entering the number of shares you want to buy, place the order. After this is done, you’ll see your Tesla investments and a corresponding value on your account dashboard.  

Note that if you opt for a market order, your trade will be executed at the current price of Tesla stock when the trade is initiated. But with a limit order, you can set a minimum and maximum price range for trades to be executed. 

If you’re a day trader or monitoring a diverse investment portfolio, you can take more control of your account using a limit order. So, when you place a stop-limit order on your account, you specifically state your stock’s selling price and a sell order is implemented when the price is reached. 

On the other hand, you can immediately sell your stock at a set price with a stop-loss order. With this, you can cash out on your Tesla investments before the price crashes beyond a particular price point. 

Your money is at risk

What is Tesla?

tesla logo

Tesla is an innovative carmaking company that was founded in 2003 by Elon Musk and other engineers who wanted an alternative to the popular gasoline-powered cars. The automobile company started producing eco-friendly electric-powered cars. Today, the company now has products like solar batteries for homes and lithium-ion cells that can fuel power stations.


Tesla’s goal is to help the world transition to sustainable and renewable energy with affordable and easily accessible electric vehicles. And the company is notably one of the biggest automobile companies in the world. 

In terms of value, Tesla is worth $950.54 billion as of September 2022. But in August 2018, the company joined big corporations like Apple, Google, Meta, Microsoft, and Amazon in the $1 trillion valuation class.

As a result, its ethical stocks are a promising investment for Aussies looking to invest in a multi-billion dollar US company – especially at a time when more people are going green and adopting solar energy more. 

Are Tesla Shares A Good Buy in 2022?

There are many reasons to consider investing in Tesla stocks in 2022. Tesla is one of the biggest companies in the world right now, and its shares provide you with an easy entry to make more money as the company grows. 

The futuristic company has unique products that are relevant and will be in high demand over the coming years. As such, you’ll be investing in a multi-billion dollar multinational that has the potential to hit the $1 trillion valuation mark again. 

Judging from Tesla’s track record over the years and its strong team, including billionaire Elon Musk, it’s safe to say the company has great future prospects. With its outstanding and futuristic products and services, we could potentially see a drive in its valuation and share price. 

Ultimately, you’ll be able to get a substantial return on investment (ROI) as the share value increases over the years. 

Most importantly, don’t forget that every investment is risky, and your personal financial and stockbroking decisions are all yours. So, you should do your own research and identify how Tesla stock fits into your investment plan and portfolio. 

Tesla Stock Price History

Tesla had its Initial Public Offering (IPO) in June 2010. At the time, its share price of $17 per share was more than the $14 to $16 expectation before the company went public. The company share was first listed on the NASDAQ exchange, and at the $17 per share price, Tesla was worth $2 billion. 

The company raised about $226 million during its IPO, and its shares showed signs of what would come on the same day after it went up from $17 to $23.89. 

In 2020, TSLA stock cliched the $2,000 mark, and was as high as $2,049.98 in August 2020. Though today, the share is worth significantly less and sells at $303.35 at the time of writing. The difference can be ascribed to the company’s decision to do a 3-for-1 stock split in August 2022. 

But despite the ups and downs, TSLA stock has been a rewarding investment, especially for early investors. For example, if you invested $100 in Tesla at its IPO, you’d have made an 11,958% increase when the stock was worth $2,049.98. Even at the current price, early investors would have made a 1,684% increase. 

So, it may be a good time for investors to take advantage of its current low price and hold their TSLA shares for the future. 

Your money is at risk

How Much Is Tesla Stock?

In 2022, Tesla decided to do a 3-for-1 stock split that reduced its share price to become more affordable. The low-barrier entry move eventually brought the TSLA share price down from around $890 to a more affordable $300. And today, a TSLA stock is worth $303.35.

Despite the split, the company’s valuation remains intact. There are predictions that Tesla investments will be worth about $500 at the end of 2023, $700 in 2024, and $1,000 in 2025, as the company’s valuation begins to go from strength to strength. 

It’s important to note that these predictions are speculations based on the share price history. In other words, they don’t necessarily represent advice related to Tesla investments. Before investing in Tesla stock or any other stock in the market, ensure you do your own research and make well-informed decisions. 

Where To Buy Tesla Stock With Low Fees

If you want to buy Tesla stock in Australia, there are two main options to consider:

Use a Brokerage Account 

You can instantly buy TSLA shares using a brokerage account. The process is called share trading. In share trading, you own the shares you purchase and have a stake in the company selling the stock purchased. 

As a result, you get dividends for your investment and can profit significantly from your shares when you sell them at a time when their value is higher. 

However, this option is costly for the average investor because Tesla is a heavily traded company, and the cost of each share is considerable.

Use a CFD Broker

Alternatively, buying shares through CFD trading is a cheaper option because these platforms encourage new investors with limited capital to invest. CFDs let you speculate on different price movements of the stock and make a profit based on your accuracy about the share’s increase or decrease in price. But unlike share trading, you don’t own an actual stake in the company.

But how exactly is CFD trading cheaper? What happens is that you leverage a broker’s platform for your trades. So, you are required to pay part of the cost of the shares while the broker covers the remaining cost. In most cases, you’ll likely pay between 5% to 25% of the share’s total value. 

At the same time, CFD trading does not work in one way. That is to say, you can make money regardless of the share’s price movement. So, whether the TSLA share price rises or falls, you still get to make money. 

Finally, you can easily diversify your Tesla investments portfolio with CFD trading because you don’t need to back only one company’s stock. In other words, instead of investing all your capital in TSLA shares, you have enough money to invest in additional stock options and make more money. 

Online brokers like eToro let you invest in shares with low fees. They also allow you to trade and invest in Australian shares alongside United States shares like Tesla. 

eToro Logo

Your money is at risk

How To Buy Tesla Shares Australia – Conclusion 

In this guide, we’ve covered all you need to know about Tesla and how to invest in the multi-billion dollar American car-making company. 

Buying American shares from Australia can be somewhat challenging, but multinational trading companies like eToro solve this problem. With less than $100, you can invest in Tesla stock and potentially get a massive profit. 

Ultimately, investing in Tesla can be an excellent investment choice because of the company’s giant stride in the global automobile industry. The company is estimated to be worth trillions of dollars over the coming years. If that happens, the company’s shareholders are in for a big treat.

However, stocks and CFDs are risky investments, and you may lose money if things go wrong. So, we recommend you do adequate research about Tesla and evaluate its stocks’ financial health before making any Tesla investments. You should also remember not to invest more than you can afford to lose.  

Your money is at risk


Where to buy Tesla in Australia?

You can buy Tesla shares Australia from a trading brokerage of your choice. Brokers like eToro provide low fees, multiple stock options, and advanced trading tools.

How much is Tesla worth?

Tesla is currently valued at $950.54, and its shares sell at $303.35 per share as of the time of writing. Experts believe the company will be worth $4 trillion in 2030- and Tesla investments will be profitable.

Is Tesla worth investing?

Tesla has proved a worthy investment to its early investors. The company recently split its stock, and the share price has reduced. But experts believe Tesla investments will be valuable. Ultimately, whether it’ll be worth investing depends on your investment needs.

Can I buy Tesla stock with PayPal?

Yes, you can buy Tesla stock with PayPal within five minutes on online brokers like eToro.

Maryam Jinadu

Maryam Jinadu

Maryam Jinadu is a freelance crypto & fintech writer. After completing her pharmacy degree at the University of Lagos, Nigeria, in 2018, she began writing professionally in fintech. She has worked with top fintech/crypto companies such as, Equalizer, Koinly, Olymp Trade, Salesgnomics, Scribbr, and Swapzone. She currently freelances on Upwork and writes weekly reviews at Maryam lives in Manchester, United Kingdom and can be found on LinkedIn @Maryam Jinadu.