How to Buy Tesla Stock: Invest in TSLA Shares Now
If you're interested in investing and looking to diversify your portfolio, buying Tesla stock may be an excellent option for you. In this blog post, we'll take you through everything you need to know about how to buy Tesla stock and provide simple tips on what factors should be considered when investing. Read on to learn how to invest in Tesla today!
Step 1 - Do Your Own Research on Tesla
The first thing you need to do before you buy Tesla stock, or any other company, is to decide if it's a good investment for your goals. So, before moving on to the next steps, do some research. Tesla, like any other publicly traded company, is required by law to publish its financial information regularly. Besides those, you can also check out expert articles written by financial experts who work on Wall Street. They can also give you an indication of expected future results.
Remember that past performance isn't an indicator of future performance, meaning that a company that did well in the past could just as easily find itself in difficulty in the future.
Step 2 - Open a Brokerage Account
The next step that you need to take, especially if you are a new investor, is to find a trading platform that is both suited to your needs and that allows you to purchase TSLA shares.
You should look for a brokerage account that not only allows you to invest in Tesla shares but in other assets as well, like mutual funds or other stocks from different parts of the world - in case you decide you want to broaden your portfolio. Use our comparison tool to find the best investment broker for you in a matter of minutes.
And remember that you can have as many brokerage accounts as you want.
Best Brokers to Buy TSLA Stock
eToro - This is a great online broker for new investors due to its accessibility, cost-effectiveness, and innovative approach. With their user-friendly online platform and mobile app, eToro makes it easy for beginners to get started with investing from the comfort of their homes. Additionally, eToro charges low trading fees and spreads, meaning that beginner investors can get a good return on their investments without spending too much money. Also, it allows you to buy fractional shares. Learn more about this broker in our eToro review.
AvaTrade - is an ideal investment platform for novice investors. The broker provides a wide range of instruments, such as stocks, forex, indices, ETFs and commodities that can be traded with assurance. It also offers excellent educational resources and a user-friendly interface which let beginners ease into trading. Beginners can take advantage of AvaTrade’s advanced charting tools and access real-time data quickly and easily, as well. All in all, AvaTrade is the best option for beginners who are looking to learn more about online investing and improve their skills along the way. To find out more, check out our AvaTrade review.
Trading 212 - is an excellent investment platform for those who are just starting out in the world of investing. The intuitive and user-friendly interface means novices can quickly navigate and place orders with ease. Additionally, its low transaction fees let beginners take on more risks without breaking the bank. Finally, it features numerous educational tools such as webinars, tutorials and other resources designed to help new investors maximize their profits while mitigating risk. Read our Trading 212 review for more information.
Step 3 - Decide How Much You Want to Invest
There's no correct amount to invest. It all depends on your financial situation, investment strategies (like dollar cost averaging), and investment goals.
It's also wise not to put all your eggs in one basket. In other words, you should consider diversifying your portfolio by investing in other stocks and assets. To find out more, read our guide on portfolio management here.
Remember that investments are risky, so don't use money you can't afford to lose.
Step 4 - Fund Your Account
Before you can buy stocks, you need to fund your trading account. Online brokers allow a multitude of deposit methods nowadays. Here are some of the most popular deposit methods:
- debit card /credit card
- e-wallets - like Paypal or Skrill
- bank transfers
Now, all that's left to do is buy Tesla stock.
Step 5 - Place Your Order
Now you're finally ready to buy Tesla shares. It's time to log back into your online brokerage account and search for Tesla stock. All trading platforms have a search field where all you need to do is put in the company's name, and it will immediately pull up the trade window.
Here, you will see, among other things, the company's share price, price evolution chart, etc.
You have 2 options to make a purchase:
- a limit order - if you want to buy Tesla stock (TSLA) only after the stock reaches a specific price
- a market order - if you want to buy Tesla stock at the current price
Once you've decided this, all that's left is to insert the amount of money that you want to invest (remember that some brokers allow you to buy fractional shares) and hit the "Buy Stock" button.
Step 6 - Monitor Your Tesla Investment Regularly
Once you've bought your Tesla shares, you should begin to monitor its stock price and the stock market regularly. This is valid for other investments as well.
Set up a regular schedule and monitor your investment once every month, quarter, or even annually. The frequency will depend a lot on your investment strategy. For example, if you're going with a buy-and-hold strategy, you could only monitor your TSLA stock once every quarter or year. If you're taking the dollar cost averaging approach, you'll want to monitor your investment options more closely and take advantage of stock price drops.
To help you better monitor your investments, we've created this easy-to-use investment tracker spreadsheet.
Besides the stocks in your portfolio, you'll also want to monitor the market as a whole, to get a better sense of where stock prices are heading. This is extremely useful if you're planning on cashing out.
Tesla Inc. is an American company that designs, manufactures, and sells electric cars and solar energy products.
The company was founded in 2003 by visionary businessman Elon Musk and has been revolutionizing the auto industry ever since. Its stock value began increasing significantly around 2012 when the world started to recognize the potential of electric cars.
Since then, Tesla's business model has grown exponentially – from producing luxury electric vehicles to solar roofs and stationary power systems for homes and businesses.
Based on its consistent record of innovation, research and development, Tesla remains a sought-after stock for investors around the globe who seek long-term growth potential.
Find the Best Brokerage Account For You
If you don't think that any of the brokers above is a good fit for you, you should try our broker comparison page. By answering a few simple questions, we will guide you to the best online broker for your needs.
FAQ - How to Buy Tesla Stock
Sure. In fact, you could start with even a $1 investment. Many online brokers It all depends on your investing strategy.
It really depends on what you mean by now. A stock can be either a buy or a sell at any given moment. So, always do your research before you buy Tesla stock.
All you need to do to start investing in Tesla stock is to follow the steps mentioned in this article. They cover everything you need to know about how to buy Tesla stock. Follow them, and you will be ready to buy Tesla stock (TSLA) in a matter of hours, if not minutes.
Every stock market investment is considered high risk because any company can file for bankruptcy anytime. Still, mutual funds and index fund are considered much safer investment options than individual stocks. But, if you want to invest in Tesla stock, you should first do your own due diligence.