How to Buy Tesla Stock – With 0% Commission
If you are interested in buying Tesa shares but are not sure where and how to do it, this guide explains the process.[fw-price-listing locale=”en” ticker=”TSLA.NASDAQ” affiliate_label=”Buy Tesla stocks” affiliate_link=”https://tradingplatforms.com/visit/etoro” disclosure=”Sponsored ad. Your capital is at risk.” currencies=”USD”]
How to Buy Tesla Stocks – Beginner’s Guide
Here is how to buy shares in Tesla:
- Create a Trading Account. The first step is to create an account with an online brokerage of your choice.
- Verify Your ID. After creating an account, you need to get it verified by providing official government-issued documents, such as ID, driver’s license, or passport.
- Deposit funds. In order to start trading, you must first make the initial deposit that you will use for buying Tesla shares.
- Buy shares. Finally, you are ready to search for Tesla shares and start buying them.
Step 1 – Choose a Stock Broker
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 suitable and which ones should be avoided. Here two platforms that enable you to buy TSLA stock.
Fixed commissions per operation
- Buy shares and ETFs with 0% commission
- Social and copy trading network
- Invest and trade crypto with low fees
68% of retail investor accounts lose money when trading CFDs with this provider.
Fees per operation
- Buy stocks and ETFs with zero commission
- No minimum deposit
- Extended trading hours for US stocks
All investments involve risk, and not all risks are suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment.
Fees per operation
eToro 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.
Of course, this is not accidental, as eToro provides service to novice and more knowledgeable traders. If you are new or still not quite familiar and comfortable with expert tools, then eToro is worth considering. 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 many people.
Another thing that makes eToro stand out is the fact that it is regulated by CySEC, the FCA, ASIC, and FINRA. Also, all trading on the platform is commission-free. There are spreads to pay, but they are low.
eToro also offers social trading. Social trading refers to trading using the rest of the trading community to help you, and its 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.
|Stock trading fee||Free|
|Forex trading fee||Spread, 2.1 pips for GBP/USD|
|Crypto trading fee||Spread, 0.75% for Bitcoin|
|Inactivity fee||$10 a month after one year|
Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.
How to Buy Tesla Shares – Brokers Comparison
|eToro||Free||Variable spread||Overnight fees for CFDs. No overnight fees for non-leveraged stocks, ETFs, and crypto.|
Step 2 – Research Tesla Shares
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.
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.
What is Tesla?
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 famous these days, and you have 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.
According to reports from the summer of 2021, Tesla fundamentals have been improving over the last year and a half. The second quarter of this year gave investors 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.
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.
Tesla ESG Breakdown
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. 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.
Elon Musk’s Biography
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 environmental harms. 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.