Tesla became a huge hit among stock investors back in March 2020. While it did see its price drop like the rest of the stock market, it has mostly been on a constant rise ever since. It did suffer two additional drops in 2021, but even so, it has been extremely profitable, and right now, it is at its new all-time high.
This is why every investor has been looking to buy Tesla shares, and if you wish to do the same but are not sure where and how to do it, then this is the guide for you.
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In This Guide
If you have some experience with trading shares and investing in them, and you simply want to know where to get them — we can recommend using eToro stock broker, which is one of the best ones, if not THE best one in the world. As for how to buy shares in Tesla, here is what you should do:
67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
When it comes to learning how to buy Tesla stocks, choosing the right stock broker should be your priority. There are many of them available all over the world, but no two are the same. That makes it difficult to know which ones are good and which ones should be avoided. After thorough research, however, we have managed to narrow it down to two platforms that we can recommend as the best options for buying TSLA stock.
The best trading platform for buying Tesla shares overall is eToro, without any doubt. The platform has been around since 2007 and ever since then, it has been gathering users from all over the world. By now, it has over 20 million active traders, which is more than any other platform.
Of course, this is not accidental, as eToro provides the best service to novice and slightly more knowledgeable traders. It may not be the best fit for experts, but if you are new or still not quite familiar and comfortable with expert tools, then eToro is the place for you. It offers access to thousands of global markets, it lets you trade with leverage. You can also trade CFDs, shares (such as Apple), cryptocurrencies, etfs, and more.
Traders often ask can you buy partial shares of Tesla (TSLA) stock, and the answer is yes, on eToro, this is allowed. This is particularly useful to retail traders who wish to invest in expensive stocks but do not wish to purchase full stocks. TSLA stock is very expensive, after all, and not affordable to most people.
Another thing that makes eToro stand out is the fact that it is heavily regulated by some of the strictest, most reliable, and most trusted regulatory bodies in the world. Some examples include CySEC, the FCA, ASIC, and FINRA. Also, all trading on the platform is fully commission-free. There are spreads to pay, but they are very low and affordable.
Other than that, eToro has another very important feature for every beginner on its platform, and that is its social trading. Social trading refers to trading using the rest of the trading community to help you, and its most popular feature is copy-trading. Copy-trading lets you find an expert trader who deals in assets that you are interested in and then copy their moves in real-time. That way, you will have the same results, and it would be possible to make a profit even if you don’t have the knowledge to do it on your own.
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If, for some reason, you wish to try a different broker, we can recommend Capital.com. Capital.com is a UK-based platform that focuses on offering Spread Betting and CFD trading. It has a massive number of available global markets — over 3,000 of them.
The platform has attracted more than 360,000 users, and it is heavily regulated by CySEC and FCA, so it is as safe as you can imagine from the regulatory perspective. Another thing that the platform offers is trading with leverage, which lets you borrow money from the broker and use a lesser amount of your own funds. And, finally, the last reason why this broker is so popular with users all over the world is the fact that its minimum deposit is extremely low — only £20, beating pretty much all competition.
76.25% of retail investor accounts lose money trading CFDs with this provider
Of course, just because you may have run across the information that Tesla shares are surging, or you have given a suggestion to buy them, it doesn’t mean that you should. Yes, many would recommend to buy Tesla shares right now, but you may easily get a suggestion to buy some other company that is not doing so well.
In other words, knowing how to buy shares in Tesla is not enough. Never invest blindly, without knowing what it is that you are investing into. Research the shares that you are interested in by using the following example that we are applying on Tesla.
Obviously, the first thing you need to know is what company’s share are you planning to invest in and what it is all about. Tesla is quite famous these days, and you have most likely heard of it, but even so, we will treat it like any other firm.
With that said, Tesla is an American electric car and clean energy firm. It is based in Palo Alto, California, although there are plans to have its headquarters moved to Austin, Texas. The company has been designing and making electric vehicles, solar panels and solar roof tiles, battery energy storage, including anything from the ones you can use at home to massive grid-scale ones, and more.
The company has been making headlines multiple times in 2021, first because it accepted BTC payments, then because it disable them due to Bitcoin not being eco-friendly, and now because of its massive stock surge which allowed it to hit a new ATH.
Tesla forecast is important in order to know when to invest, when to buy, and when to sell. But, in order to make a Tesla stock forecast 2022, you need to know its past, as well. The past performance of the price, the market cap, and the eps are crucial for understanding the price behavior and making a proper Tesla forecast.
Tesla Nasdaq price has come a long way in a very short amount of time. Over the entire last decade, starting in 2010, the stock was going up, but extremely slowly. It took 10 years to reach the valuation of $70, originally starting at $3 in 2010. However, in late 2019, it started to grow, and this growth continued into 2020 and beyond. In 2021, it reached an ATH of $880 in January, only to be rejected by a resistance level, down to $600.
After that, it attempted another surge in April, but it failed due to another strong price drop. However, starting on May 14th, 2021, the TSLA price kept surging, with a particularly sharp growth in October. Between October 1st and the time of writing (November 3rd) the price went from $775 to $1,208, breaching the former ATH and just making a new one on November 1st.
Fundamental analysis of the firm is also very important for making a Tesla forecast. According to reports from the summer of 2021, Tesla fundamentals have been strongly improving over the last year and a half. The second quarter of this year gave investors plenty of reasons to be quite pleased. The company saw a record quarterly net income of $1.1 billion, which was well ahead of estimates. It was also 813% higher compared to the second quarter of 2020.
The company has been advancing rapidly, trying to achieve its goal of increasing production by 50% every year. So far, it has been on track in doing so in 2021, and there are even new factories that are coming online.
In other words, Tesla is thriving as interest in electric cars and green energy generation continues to explode, and it is now one of the most successful companies in the world while being the biggest and best-performing automotive manufacturer on a global level.
Tesla has never declared dividends on its common stock, according to its own website. It does intend on retaining all future earnings to finance future growth, and as such, it does not anticipate paying any cash dividends to its shareholders in the foreseeable future.
ESG is another thing that a lot of investors — and particularly institutional investors — are always looking into while assessing the stock and trying to decide whether or not to invest in it. It can certainly help with their Tesla forecast to know the ESG ratio and know what to expect. The ESG stands for Environmental, Social, Governance, and Tesla’s Environmental risk score is 3, its Social risk score is 17, while Governance risk score is 10.
This indicates that Tesla still has social and governance issues, which remain major hurdles, and have been for some time for Tesla. The company is far from being an ESG leader, although that did not seem to stop it from attaining success.
Stock price forecasts are also among the most crucial things that every analyst needs to look into. Regarding Tesla stock forecast 2022, analysts have put a median target of $776, with a high estimate of $1,591, and a low estimate of $67. This is quite a massive gap between the three price targets, indicating that the Tesla price is not stable and that analysts believe that anything can happen.
Elon Musk is a South African-born American entrepreneur known for founding Tesla Motors and SpaceX. Before that, Musk also founded X.com, which is known as PayPal today. He became a multimillionaire in his late 20s after selling another startup called Zip2 to a division of Compaq Computers.
In January of this year, he also briefly surpassed Jeff Bezos as the world’s wealthiest man, though Bezos has reclaimed the title since then.
Throughout his life, Musk was daydreaming about various inventions, sometimes getting so lost in these thoughts that his parents decided to order a test to check his hearing at one point. He developed an interest in computers around the age of 10, and he already sold his first software when he was 12. It was a game called Blastar.
Since then, the genius inventor has been coming up with all kinds of ideas and solutions, and he currently leads several companies, including SpaceX, Tesla, and The Boring Company. He also has strong concerns about the future, particularly when it comes to the quality of human life, which is why he is working on projects involving clean energy. Potentially his biggest goal, however, is to get people to Mars and create a settlement there, ensuring that humans will officially become an interplanetary species, which has been a topic of numerous interviews and podcasts.
Over the last few years, Musk also started referencing crypto more and more, until he finally proclaimed himself a Bitcoiner and a Dogecoin fan. He even contributed to pumping DOGE to its ATH earlier this year, although the exact amount of influence he has on the coin’s price has been a topic of many debates.
Musk also added Bitcoin as a payment method for Tesla, only to remove it a few months later due to the coin’s well-known eco-unfriendliness. Thanks to the reputation of Tesla Inc's CEO Elon Musk, Tesla stock has risen higher than ever over the last few days, as Musk is a rather charismatic person, in his own way.
Judging by their price performance, Tesla shares certainly seem like an excellent buy. Right now the price is very much near its peak, so opportunity seekers will likely wait for it to drop some more after being rejected from the nearest resistance. However, daily traders can still earn from minor changes as an effect of volatility.
As always, our investment advice. Investing and trading stock or any other asset comes at significant risk, so make sure to do your research, only use money that you can afford to lose, and eliminate emotions whenever you wish to trade.
Now that you know all that you need to know about Tesla and its stock, let’s see how to actually purchase its shares on eToro. The process is pretty simple, and it only requires you to go through 4 short steps to complete it. If you are ready to start, here is what you need to do.
The first thing to do is to create your account. This is a simple step, and if you have ever created a brokerage account anywhere, you will know how to complete it. eToro doesn’t even force you to open a new account from scratch, as it allows you to log in with your Google and Facebook accounts.
Your next step will be ID verification. As a regulated company, eToro has to be in compliance with the laws of each country which it services. That also means conducting KYC procedures and determining its users’ identities before letting them trade. This is done for the users’ protection, as it confirms that the person whose name is used is actually the one behind the account.
Meanwhile, it also helps the authorities track down anyone who might be engaging in shady activities. To complete the procedure, simply upload a photo of your ID, passport, or driver’s license, as well as your bank statement, which will confirm your address.
The third step comes after your account gets verified, and it involves depositing funds. eToro offers a very decent variety of payment methods, including credit and debit cards, PayPal, Skrill, bank transfers, and more. Click on the Deposit Funds in the lower-left corner of your dashboard and you will see a new deposit window open.
Select the amount you wish to deposit (minimum $50), the payment method, and enter your payment details. Depending on the method you selected, the funds might take a different amount of time to arrive, up to a few business days for bank transfers, which are the cheapest, but also the slowest.
Finally, all that remains is to go to the top of your dashboard and use the search function to find eToro shares and click on the Trade button next to them. You will once again see a new window open, only this time, the window will not be for deposits but for trading. Fill out the necessary details, and start your first trade.
So, with everything said and done, should you buy Tesla shares, or if you already own some, should you sell them? As always, the decision lies with every investor/trader. But, judging by the stock’s historical performance, TSLA is a quality stock that has been growing at a faster or slower rate ever since the company issued them.
There were a few price drops along the way, although they only took place during periods when the entire market suffered a similar fate.
Tesla has been one of the most successful companies in the world this year, with its share price reaching a new all-time high in the first days of November 2021. The company does have certain issues, especially when it comes to its ESG, but other than that, it seems to have done most things right, given its popularity and the impact it had on its share.
If you wish to buy Tesla shares, the best place to do it is eToro — the world’s most popular broker service that lets you purchase it commission-free, and invest in only a fraction of this share, which is arguably too expensive for any retail trader to purchase in bulk.
Tesla is a US-based electric car and clean energy company that focuses on designing and manufacturing what it believes to be the vehicles of the future.
Tesla is a publicly-traded company, and as such, it is owned by its shareholders.
Tesla is a US company based in Palo Alto, California.
At the time of writing (November 3rd, 2021), each Tesla share is priced at $1,172.
Tesla stock has been surging for over a year and a half now, with two minor drops which opened up great opportunities for investors. Right now, it is at its ATH, and most analysts agree that it is definitely worth buying.
The easiest way to buy Tesla shares would be to use eToro platform, which lets you deposit only $50 and buy shares commission-free.
Ali is an experienced writer covering the cryptocurrency markets and the blockchain industry. He has 8 years of experience writing about cryptocurrencies, technology, and trading. His work can be found in various high-profiled investment sites including CCN, Capital.com, BeInCrypto, Bitcoinist, and NewsBTC.
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