How to Buy Tesla Stock
Tesla Inc
Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally.
Tesla stock last closed at $226.17, up 4.58% from the previous day, and has decreased 17.33% in one year. It has overperformed other stocks in the Auto Manufacturers industry by 0.75 percentage points. Tesla stock is currently +62.94% from its 52-week low of $138.80, and -18.93% from its 52-week high of $278.98.
As of Sep 10, 2024, there are 3.19B TSLA shares outstanding. The market cap of TSLA is $722.53B. In the last 24 hours, 78.19M TSLA shares were traded.
How to Buy Tesla Stock
Not sure how to invest in Tesla stock? Here's how.
- Decide where to buy Tesla stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you decide where to buy Tesla stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your brokerage account: Select your payment method and add your info.
- Research Tesla stock: The Tesla ticker symbol is TSLA. Is Tesla stock a good investment? Should you buy shares of TSLA? How do TSLA's underlying business fundamentals look? Do top analysts think Tesla is a good buy? Why has TSLA's stock price moved recently? (Hint: Our stock research website can help you understand if TSLA is a good stock to buy).
- Execute your TSLA trade: Decide if you will purchase TSLA shares at the current market price or use a limit order to purchase TSLA shares at a specific price.
- Track your investment in TSLA: Create a watchlist to keep track of your position in Tesla shares.
Step 1: Decide where to buy Tesla stock
You will need an online brokerage account in order to access the NASDAQ market and buy TSLA shares.
Our favorite brokerage: eToro
Based on our experience, eToro is the best online stock brokerage. Here's why:
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- Social investing: eToro has a community with more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen your brokerage, you'll need to fill out some personal details so you are able to buy TSLA today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create a new trading account.
- Send your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have filled out your info on our top ranked stock market app, your next step is to transfer the money for your investment:
Watch the video below to see the process of depositing money into your new brokerage account.
Step 4: Research Tesla stock
Once you have identified the best place to buy Tesla stock, it's critical to research their stock prior to investing, so you can understand the risk as well as the opportunity.
Overview of key TSLA info
TSLA Zen Score
WallStreetZen was built to help everyday investors perform more accurate fundamental analysis in less time.
You can see all of the due diligence checks on TSLA's stock page.
Is TSLA stock properly valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge TSLA's true value.
Using relative valuations methods:
- TSLA may be overvalued based on its P/E ratio of 57.84x, relative to Auto Manufacturers industry P/E ratio of 38.08x
- TSLA may be overvalued based on its P/B ratio of 10.87x, relative to Auto Manufacturers industry P/B ratio of 2.2x
You can access additional valuation research on TSLA's stock here.
TSLA Financial Health Summary
Positive Health Checks:
- TSLA earnings of $7.87B is not sufficient to cover its interest payments.
- There are more short-term assets than long-term liabilities on the TSLA balance sheet.
- There are more short-term assets than short-term liabilities on the TSLA balance sheet.
- TSLA's operating cash flow of $11.53B allows it to safely service it's debt of $7.75B.
- Total TSLA debt is lower than 5 years ago, relative to shareholder equity.
Negative Health Checks:
- TSLA has a relatively high debt to equity ratio of 0.69.
- TSLA profit margin of X% has stayed the same in the past year.
Is Tesla stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 31 Equities analysts who track TSLA, the consensus analyst rating on TSLA is a Hold
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Latest TSLA Analyst Upgrades/Downgrades
Alexander Potter, a top 3% analyst from Piper Sandler maintains TSLA with a strong buy rating and maintains their TSLA price target from $300.00 to $300.00, on Aug 19, 2024.
Piper Sandler's Alexander Potter maintained their Strong Buy rating on Tesla (NASDAQ: TSLA). The analyst also maintained a $300 price target.
Potter suggested buying Tesla shares before the company's robo-taxi event on 2024/10/10.
The analyst commented that the increasing profitability of Tesla's "large stationary batteries" and the apparent enhancements to its "comprehensive self-driving software" are two new developments that "have distracted investors from their normal fixation on the company's vehicle deliveries and automotive gross margins."
Although Chinese competitors are increasing their presence in the stationary battery industry, Tesla's demand remains robust, Potter told investors.
Similar to other segments, the analyst believes that Tesla Energy's long-term gross margin goal should be 20%,
William Stein, a top 1% analyst from Truist Securities maintains TSLA with a hold rating and maintains their TSLA price target from $215.00 to $215.00, on Aug 14, 2024.
Tom Narayan, a bottom 12% analyst from RBC Capital maintains TSLA with a buy rating and lowers their TSLA price target from $227.00 to $224.00, on Aug 8, 2024.
Bill Selesky, a top 8% analyst from Argus Research reiterates TSLA with a strong buy rating and maintains their TSLA price target from $286.00 to $286.00, on Jul 26, 2024.
Jennifer Liang, a bottom 33% analyst from KGI Securities downgrades TSLA to a hold rating and announces their TSLA price target of $236.00, on Jul 25, 2024.
You can dive deeper into what analysts are saying on the Tesla stock forecast page.
TSLA Momentum
TSLA Growth Metrics
Last year, TSLA earnings were $12.39B. In the past 4 year, TSLA's earnings have increased by 129.89% per year. This was faster than the Auto Manufacturers industry average of 76.49%.
Last year, TSLA revenue was $95.32B. In the last five year, TSLA's revenue has increased by 30.75% per year. This was faster than the Auto Manufacturers industry average of 27.69%.
Learn more about TSLA's earnings and revenue performance here.
What are TSLA executives and large shareholders up to?
Over the past year, executives and large shareholders at TSLA have bought more shares than they have sold.
Xiaotong Zhu, SVP Automotive of TSLA, was the latest TSLA insider to sell. They sold $65,866.58 worth of TSLA stock on Sep 6, 2024.
Research more about who owns TSLA shares here.
Does TSLA provide a stable income stream?
No, Tesla doesn't provide an income stream by paying out dividends.
What others are saying about TSLA
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your TSLA trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally fine. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount limit, place a limit order.
Press the Open button and your broker will execute the order.
If you want additional info about buying stocks on eToro, click the helpful video below:
Step 6: Track your investment in TSLA
Now that you own some TSLA stock, you'll want to stay up-to-date on your stock purchase.
Create a watchlist to monitor your TSLA stock.
TSLA Feed
How to Buy Stock in Tesla
To summarize, here are the 6 steps for buying Tesla stock:
- Decide where to buy Tesla stock
- Open a brokerage account
- Put funds into your brokerage account
- Research Tesla stock
- Execute your TSLA trade
- Track your investment in TSLA
If you need a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to track your investment in Tesla, hit the button below to create your watchlist.
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