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 $213.97, up 3.11% from the previous day, and has decreased 17.17% in one year. It has underperformed other stocks in the Auto Manufacturers industry by 0.01 percentage points. Tesla stock is currently +110.17% from its 52-week low of $101.81, and -32% from its 52-week high of $314.67.
As of Jun 2, 2023, there are 3.17B TSLA shares outstanding. The market cap of TSLA is $678.18B. In the last 24 hours, 163.73M 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.
- 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
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 56.95x, relative to Auto Manufacturers industry P/E ratio of 32.69x
- TSLA may be overvalued based on its P/B ratio of 14.11x, relative to Auto Manufacturers industry P/B ratio of 2.15x
- TSLA could be overvalued based on its PEG ratio of 3.21x
You can access more valuation analysis on TSLA's stock here.
TSLA Financials at a glance
Positive Health Checks:
- There are more short-term assets than long-term liabilities on the TSLA balance sheet.
- TSLA profit margin has gone up from 13.5% to 13.7% in the past year.
- TSLA's operating cash flow of $13.24B allows it to safely service it's debt of $2.68B.
- Total TSLA debt is lower than 5 years ago, relative to shareholder equity.
- TSLA earnings of $12.96B is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the TSLA balance sheet.
Negative Health Checks:
- TSLA has a relatively high debt to equity ratio of 0.78.
Is TSLA stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 24 Wall Street analysts who monitor TSLA, the consensus analyst rating on Tesla is a Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent TSLA Analyst Upgrades/Downgrades
Daniel Ives, a top 6% analyst from Wedbush reiterates TSLA with a buy rating and maintains their TSLA price target from $215.00 to $215.00, on May 12, 2023.
Alexander Potter, a top 2% analyst from Piper Sandler maintains TSLA with a strong buy rating and lowers their TSLA price target from $300.00 to $280.00, on May 2, 2023.
Maintaining his Strong Buy rating, Potter lowered his price target on Tesla, Inc. by 6.7%.
The analyst told investors he dropped his FY 2023 to FY 2025 estimates to reflect the company's lower pricing and its corresponding impact on margins.
While management is correct that margins will eventually rise because of software, this will not happen in time to absorb the near-term negative impact of lower prices, higher warranty costs, and slower inventory turnover, Potter argued.
However, the silver lining in Tesla's price cuts is that the company's global average selling price can fall by $125 per unit every quarter for the next 2 years without impacting margins, the analyst noted, pointing to "support from production credits under the Inflation Reduction Act."
Philippe Houchois, a top 5% analyst from Jefferies downgrades TSLA to a hold rating and lowers their TSLA price target from $230.00 to $185.00, on Apr 26, 2023.
Mark Delaney, a top 5% analyst from Goldman Sachs maintains TSLA with a strong buy rating and lowers their TSLA price target from $210.00 to $185.00, on Apr 21, 2023.
William Stein, a top 2% analyst from Truist Securities downgrades TSLA to a hold rating and lowers their TSLA price target from $245.00 to $154.00, on Apr 21, 2023.
You can dive deeper into what analysts are saying on the Tesla stock forecast page.
TSLA Trading Indicators
How are TSLA Revenues/Earnings doing?
Last year, TSLA earnings were $11.75B. In the past two year, TSLA's earnings have grown by 207.63% per year. This was faster than the Auto Manufacturers industry average of 114.34%.
Last year, TSLA revenue was $86.04B. During the last five year, TSLA's revenue has grown by 47.15% per year. This was slower than the Auto Manufacturers industry average of 58.55%.
Find out more about TSLA's earnings and revenue performance here.
Who is buying/selling TSLA?
In the last year, insiders 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 $2,100,000.00 worth of TSLA shares on May 30, 2023.
Get more info about who owns TSLA stock here.
Can I rely on TSLA as an income stream?
No, Tesla doesn't provide an income stream by paying out dividends.
What do other investors have to say about TSLA?
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Execute your TSLA trade
You have two primary order types:
- 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 sufficient. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given price limit, place a limit order.
Press the Open Trade button and your broker will place the order.
If you want additional assistance buying stocks on eToro, watch the helpful video below:
Step 6: Track your investment in TSLA
Now that you own some TSLA shares, you'll want to keep up with your new investment.
Create a watchlist to get notified of the latest news about your TSLA stock.
TSLA Feed
How to Buy Stock in Tesla
To reiterate, here are the 6 steps you need to take to buy Tesla stock right now:
- 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 require a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get updates on your new investment in Tesla, hit the button below to create your watchlist.
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