How o Buy Tesla (TSLA) Stocks
There are a number of ways to buy Tesla stock, but the simplest are to do it either through a brokerage account or with the help of a financial advisor.
Tesla is one of the most popular and innovative American electric vehicle companies. Headed by CEO Elon Musk, the company designs, develops, manufacturers, and distributes a variety of electric cars and vehicle powertrain components. In addition, it provides energy storage and generation products. Tesla’s success and global international product offerings have many investors looking to buy equity.
Are Tesla stock (TSLA) good investment?
Tela has made its stocks available to anyone of age and interested in purchasing equity. On Wall Street, Tesla’s stock is often among the most actively traded stocks, with millions of shares changing hands each day. The stock is listed on the Nasdaq stock exchange under the ticker: TSLA.
To understand whether Tesla’s stock is a good investment, you’ll need to dive into the company’s financials. In its quarterly and annual earnings reports, which it shares on its website and files with the U.S. Securities and Exchange Commission (SEC), you will find Tesla’s balance sheet, income statement, and details about various lines of business.
You’ll also want to research the stock itself. On financial websites, you can find Tesla’s historical performance and key metrics like its price-to-earnings ratio or earnings per share. Finally, you can read reports written by Wall Street analysts about the company, its valuation, competitors, the broader industry, and trends that might affect its stock price.
How to buy stocks
Find a good broker
One of the characteristics of an online broker is the exchanges they have access to. Not all brokers allow you to buy shares of Tesla, simply because they don’t have access to the NASDAQ. Needless to say, you need a broker that gives you access to this exchange.
When recommending a broker, we take into account different factors, like the broker’s fees, trading platform, accessible markets to trade, and how easy it is to open an account. Safety is also highly important, but since we recommend only safe brokers, you do not have to worry about it.
Open your brokerage account
After finding your online broker, you need to open an account. This is much like a regular bank account and opening one is usually a fully online process. At some brokers it’s as quick as opening a new Gmail account, at some brokers it takes a couple of days until they do some background check on you.
Deposit money to your account
You will pay cash to buy those Tesla stocks. This cash first needs to be sent (deposited) to your broker. The most common way you can deposit your money through bank transfer and using credit/debit card. At some brokers, you can deposit to your investment account even from different electronic wallets like Paypal, e.g. at eToro.
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