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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 $161.48, down 5.59% from the previous day, and has decreased 13.67% in one year. It has overperformed other stocks in the Auto Manufacturers industry by 0.57 percentage points. Tesla stock is currently +5.98% from its 52-week low of $152.37, and -46.05% from its 52-week high of $299.29.

As of Apr 15, 2024, there are 3.18B TSLA shares outstanding. The market cap of TSLA is $514.28B. In the last 24 hours, 98.93M TSLA shares were traded.

How to Buy Tesla Stock

Not sure how to invest in Tesla stock? Here's how.
  1. 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.
  2. Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Put funds into your brokerage account: Select your payment method and add your info.
  4. 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).
  5. 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.
  6. 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.

A brokerage account enables you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

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.
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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.
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  • Buy other assets: Such as ETFs and cryptocurrencies.

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Step 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.

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  2. Enter your personal info to create a new trading account.
  1. Send your information by pressing the "Create Account" button.
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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.

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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 Price
$161.48
1w %
-6.65%
1y %
-13.67%
5y %
809.29%
P/E
34.14x
P/B
8.21x
P/S
5.3x
PEG
2.57x
Revenue
$96.77B
Earnings
$15.00B
Fore. Rev. Growth
11.9%
Fore. Earn. Growth
14.77%
Market Cap
$514.28B
Next Earnings
Apr 23, 2024
Next Dividend
N/A

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 34.14x, relative to Auto Manufacturers industry P/E ratio of 22.92x
  • TSLA may be overvalued based on its P/B ratio of 8.21x, relative to Auto Manufacturers industry P/B ratio of 2.15x
  • TSLA could be overvalued based on its PEG ratio of 2.57x

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 15.4% to 15.5% in the past year.
  • TSLA's operating cash flow of $13.26B allows it to safely service it's debt of $5.23B.
  • Total TSLA debt is lower than 5 years ago, relative to shareholder equity.
  • TSLA earnings of $10.15B 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 0.69.

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 Hold

It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.

Most Recent TSLA Analyst Upgrades/Downgrades

Mark Delaney, a top 2% analyst from Goldman Sachs maintains TSLA with a hold rating and lowers their TSLA price target from $190.00 to $175.00, on Apr 9, 2024.

Goldman Sachs's Mark Delaney lowered their price target on Tesla (NASDAQ: TSLA) by 7.9% from $190 to $175 on 2024/04/09. The analyst maintained their Hold rating on the stock.

Tesla's weaker-than-expected Q1 2024 deliveries were because of both production and competitive/market headwinds, the analyst said.

In short, Goldman Sachs's positive view of Tesla's long-term growth potential and position in the market is offset by "a full valuation and weaker near-term fundamentals," Delaney summarized.

Footnotes

For Q1 2024, Tesla reported:

Model 3/Y:

  • Produced 412,376 units.
  • Delivered 369,783 units.

Other Models:

  • Produced 20,995 units.
  • Delivered 17,027 units.

Emmanuel Rosner, a top 19% analyst from Deutsche Bank maintains TSLA with a strong buy rating and maintains their TSLA price target from $189.00 to $189.00, on Apr 8, 2024.

Ben Kallo, a top 25% analyst from Baird maintains TSLA with a buy rating and lowers their TSLA price target from $300.00 to $280.00, on Apr 3, 2024.

William Stein, a top 1% analyst from Truist Securities reiterates TSLA with a hold rating and lowers their TSLA price target from $193.00 to $176.00, on Apr 3, 2024.

Ryan Brinkman, a bottom 1% analyst from JP Morgan maintains TSLA with a strong sell rating and lowers their TSLA price target from $130.00 to $115.00, on Apr 3, 2024.

You can dive deeper into what analysts are saying on the Tesla stock forecast page.

TSLA Trading Indicators

SMA10
169.98
SMA20
172.27
SMA50
181.31
SMA100
206.49
SMA200
227.34
MACD
-3.68
MACD Signal
-3.94
MACD Histogram
0.26
RSI
38.65
Stochastic %K
35.94
Stochastic %D
48.3
StochRSI %K
51.39
StochRSI %D
68.77

How are TSLA Revenues/Earnings doing?

Last year, TSLA earnings were $15.00B. In the past three year, TSLA's earnings have grown by 261.69% per year. This was faster than the Auto Manufacturers industry average of 113.65%.

Last year, TSLA revenue was $96.77B. During the last five year, TSLA's revenue has grown by 35.15% per year. This was slower than the Auto Manufacturers industry average of 37.47%.

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 $1,850,100.00 worth of TSLA shares on Apr 1, 2024.

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:

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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:

  1. Decide where to buy Tesla stock
  2. Open a brokerage account
  3. Put funds into your brokerage account
  4. Research Tesla stock
  5. Execute your TSLA trade
  6. Track your investment in TSLA

If you require a online brokerage, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get updates on your new investment in Tesla, hit the button below to create your watchlist.

NASDAQ: TSLA
$161.48-9.57 (-5.59%)
Updated Apr 15, 2024
Open eToro Account
NASDAQ: TSLA
$161.48-9.57 (-5.59%)
Updated Apr 15, 2024
Open eToro Account

FAQ

How much does it cost to buy one Tesla share?

As of Apr 15, 2024, it costs $161.48 to buy one share of Tesla stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.619 shares of TSLA.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Tesla stock?

According to 24 Wall Street analysts who monitor Tesla, their consensus recommendation is to hold Tesla stock.

What is the best way to buy Tesla stock?

One way to place an order for Tesla stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.