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 $194.86, up 0.08% from the previous day, and has decreased 46.1% in one year. It has underperformed other stocks in the Auto Manufacturers industry by 0.04 percentage points. Tesla stock is currently +17.25% from its 52-week low of $166.19, and -51.61% from its 52-week high of $402.67.
As of Dec 2, 2022, there are 3.16B TSLA shares outstanding. The market cap of TSLA is $615.32B. In the last 24 hours, 73.37M 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. It's the best place to buy TSLA stock.
- 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:
- You can invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
- Access to world financial markets: From Technology to Healthcare, New York to Shanghai — you can fill your portfolio with stocks from the globe's top stock exchanges.
- 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.
- Enter your personal info to create a new trading account.
- Send your information by pressing the "Create Account" button.
Step 3: Put funds into your brokerage account
Watch the tutorial below for more details depositing funds into your new investment account.
Step 4: Research Tesla stock
It's absolutely critical to analyze stocks before you invest, so you can understand the risk and opportunity.
Tesla shares at a glance
TSLA Due Diligence Checks
WallStreetZen was created to help everyday investors perform more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on TSLA's stock page.
Is TSLA stock properly valued?
You can use many financial metrics, analyses, models, and charts to gauge TSLA's true value.
Using relative valuations methods:
- TSLA could be overvalued based on its P/E ratio of 53.83x, relative to Auto Manufacturers industry P/E ratio of 24.88x
- TSLA may be overvalued based on its P/B ratio of 15.44x, relative to Auto Manufacturers industry P/B ratio of 2.2x
- TSLA could be overvalued based on its PEG ratio of 3.93x
You can access more valuation research on TSLA's stock here.
TSLA Financial Health
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the TSLA balance sheet.
- TSLA earnings of $12.57B is not sufficient to cover its interest payments.
- TSLA profit margin has gone up from 7.4% to 14.9% in the past year.
- There are more short-term assets than long-term liabilities on the TSLA balance sheet.
- Total TSLA debt is lower than 5 years ago, relative to shareholder equity.
- TSLA's operating cash flow of $16.03B allows it to safely service it's debt of $3.55B.
Negative Health Checks:
- TSLA has a relatively high debt to equity ratio of 0.84.
Is it a good time to buy TSLA stock, according to analysts?
Out of 29 Equities analysts who research TSLA, the consensus analyst rating on TSLA is a Buy
Should I buy or sell TSLA stock?
Based on 29 analysts offering ratings for Tesla Inc.
Most Recent TSLA Analyst Upgrades/Downgrades
Itay Michaeli, a bottom 7% analyst from Citigroup upgrades TSLA to a hold rating and raises their TSLA price target from $141.33 to $176.00, on Nov 23, 2022.
Michaeli raised his price target on Tesla, Inc. by 24.5%.
The company's YTD share pullback has "balanced out" the near-term risk/reward, the analyst reported.
"With Tesla's multiple contracting to 30x estimated 2023 earnings, some of the prior baked-in expectations that we didn't agree with are out of the stock," Michaeli told investors.
However, with capacity rising, macro and competitive concerns are likely to remain an "overhang" on the stock, the analyst cautioned.
Meanwhile, in a "hard landing scenario," Tesla's long-term competitive position likely improves, potentially further enhanced by the Inflation Reduction Act, Michaeli added.
However, "to turn more bullish on Tesla," Michaeli said he would need greater confidence "in the average selling price and auto gross margins."
From here: At close on 2022/11/23 Tesla's share price was $183.20, representing a loss of 54.2% YTD.
Adam Jonas, a top 11% analyst from Morgan Stanley maintains TSLA with a strong buy rating and lowers their TSLA price target from $350.00 to $330.00, on Oct 25, 2022.
Vijay Rakesh, a top 9% analyst from Mizuho maintains TSLA with a strong buy rating and lowers their TSLA price target from $370.00 to $330.00, on Oct 20, 2022.
Emmanuel Rosner, a top 8% analyst from Deutsche Bank maintains TSLA with a strong buy rating and lowers their TSLA price target from $390.00 to $355.00, on Oct 20, 2022.
Daniel Ives, a bottom 4% analyst from Wedbush maintains TSLA with a buy rating and lowers their TSLA price target from $360.00 to $300.00, on Oct 20, 2022.
You can dive deeper into what analysts are projecting on the Tesla stock forecast page.
TSLA Technicals
TSLA Revenue
Last year, TSLA earnings were $11.19B. During the last 2 year, TSLA's earnings have increased by 333.09% per year. This was faster than the Auto Manufacturers industry average of 176.14%.
Last year, TSLA revenue was $74.86B. In the last five year, TSLA's revenue has increased by 47.41% per year. This was slower than the Auto Manufacturers industry average of 2,707.94%.
You can analyze TSLA's earnings and revenue performance here.
What are TSLA insiders up to?
In the last 12 months, executives and large shareholders at TSLA have sold more shares than they have bought.
Andrew D. Baglino, SVP Powertrain and Energy Eng. of TSLA, was the latest TSLA insider to sell. They sold $1,885,485.00 worth of TSLA shares on Nov 28, 2022.
Dig into 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 do other traders have to say about TSLA?
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Execute your TSLA trade
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually 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 ensure you're buying or selling at a specific dollar amount, place a limit order.
Hit the Open Trade button and your broker will execute your order.
If you want additional help investing in stocks on eToro, watch 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 new company.
Add TSLA to a watchlist to get the latest updates about 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 option.
Get Started with eToro TodayIf you would like to keep tabs on your new investment in Tesla, click the button below.
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