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 $168.29, down 1.11% from the previous day, and has increased 9.46% in one year. It has overperformed other stocks in the Auto Manufacturers industry by 0.75 percentage points. Tesla stock is currently +21.24% from its 52-week low of $138.80, and -43.77% from its 52-week high of $299.29.
As of Apr 26, 2024, there are 3.19B TSLA shares outstanding. The market cap of TSLA is $536.71B. In the last 24 hours, 108.9M 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
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- 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 39.14x, relative to Auto Manufacturers industry P/E ratio of 25.49x
- TSLA may be overvalued based on its P/B ratio of 8.34x, relative to Auto Manufacturers industry P/B ratio of 2.14x
- TSLA could be overvalued based on its PEG ratio of 2.14x
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 13.7% to 14.4% in the past year.
- TSLA's operating cash flow of $10.99B allows it to safely service it's debt of $5.36B.
- Total TSLA debt is lower than 5 years ago, relative to shareholder equity.
- TSLA earnings of $8.96B 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 0.68.
Is TSLA stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 27 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
Tom Narayan, a bottom 12% analyst from RBC Capital maintains TSLA with a buy rating and lowers their TSLA price target from $294.00 to $293.00, on Apr 24, 2024.
Craig Irwin, a bottom 4% analyst from Roth MKM maintains TSLA with a hold rating and maintains their TSLA price target from $85.00 to $85.00, on Apr 24, 2024.
George Gianarikas, a bottom 4% analyst from Canaccord Genuity maintains TSLA with a strong buy rating and lowers their TSLA price target from $234.00 to $222.00, on Apr 24, 2024.
Daniel Ives, a top 9% analyst from Wedbush maintains TSLA with a buy rating and lowers their TSLA price target from $300.00 to $275.00, on Apr 24, 2024.
William Stein, a top 1% analyst from Truist Securities maintains TSLA with a hold rating and lowers their TSLA price target from $176.00 to $162.00, on Apr 24, 2024.
Truist Securities's William Stein lowered their price target on Tesla (NASDAQ: TSLA) by 8% from $176 to $162 on 2024/04/24. The analyst maintained their Hold rating on the stock.
Stein said, after taking in Tesla's Q1 2024 earnings report and participating in the earnings call, that "the results underperformed expectations, but management's messaging around new auto products and improving AI developments was a distinctly positive surprise intended to smooth the performance between the prior growth wave of Model 3/Y demand and the next growth wave around the next-gen vehicle ramp."
The analyst cautioned, however, "that risks remain elevated and include a big recent price cut, significant recent management dislocations, and the overhang from CEO Musk's compensation package dispute."
Earnings Report
For Q1 2024, Tesla reported:
- EPS of $0.45, which missed the Zacks Consensus Estimate of $0.46 and, by 47.1%, Q1 2023's $0.85.
- Revenue of $21.3B, which missed the Zacks Consensus Estimate of $22.6B and Q1 2023's $23.33B by 8.7%.
- Adjusted EBITDA of $3.38B, down 20.8% from Q1 2023's $4.27B.
- Adjusted EBITDA margin of 15.9%, down from Q1 2023's 18.3%.
Management did not provide financial guidance, but did offer the following "outlook commentary:" Our company is currently between two major growth waves: the first one began with the global expansion of the Model 3/Y platform, and we believe the next one will be initiated by advances in autonomy and introduction of new products, including those built on our next generation vehicle platform.
"In 2024, our vehicle volume growth rate may be notably lower than the growth rate achieved in 2023, as our teams work on the launch of the next-generation vehicle and other products.
"In 2024, the growth rates of energy storage deployments and revenue in our Energy Generation and Storage business should outpace the Automotive business.
"Cash We have sufficient liquidity to fund our product roadmap, long-term capacity expansion plans and other expenses.
"Furthermore, we will manage the business such that we maintain a strong balance sheet during this uncertain period.
"We have updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated start of production in the second half of 2025.
"These new vehicles, including more affordable models, will utilize aspects of the next-generation platform as well as aspects of our current platforms, and will be able to be produced on the same manufacturing lines as our current vehicle line-up.
"This update may result in achieving less cost reduction than previously expected but enables us to prudently grow our vehicle volumes in a more Capex-efficient manner during uncertain times.
"This would help us fully utilize our current expected maximum capacity of close to three million vehicles, enabling more than 50% growth over 2023 production before investing in new manufacturing lines.
"Our purpose-built robotaxi product will continue to pursue a revolutionary “unboxed” manufacturing strategy."
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 $13.61B. In the past three year, TSLA's earnings have grown by 214.22% per year. This was faster than the Auto Manufacturers industry average of 97.84%.
Last year, TSLA revenue was $94.75B. During the last five year, TSLA's revenue has grown by 33.2% per year. This was slower than the Auto Manufacturers industry average of 36.43%.
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:
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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