As an investor interested in innovative companies shaping the future, you may be keen to invest in Tesla stock. Tesla is leading the world’s transition to sustainable energy with electric cars and solar energy products. Buying Tesla stock allows you to own part of this visionary company and potentially benefit from its growth.
The good news is that you can easily buy Tesla stock on eToro, a popular investment platform. eToro allows you to invest in stocks, ETFs, cryptocurrencies, and more from the convenience of its website or mobile app. In just a few simple steps, you can open an account, fund it, and purchase Tesla stock to add to your investment portfolio.
This guide will walk you through the straightforward process of buying Tesla stock on eToro in three easy steps. Soon you’ll be on your way to investing in one of the most ambitious companies of our time.
Why Invest in Tesla Stock?
Investing in Tesla stock offers significant opportunities for long-term growth. As the world’s leading electric vehicle and clean energy company, Tesla is at the forefront of sustainable transport and energy innovation.
Demand for Sustainable Technologies is Rising
With climate change an urgent issue, governments and consumers are embracing renewable energy and eco-friendly products. This benefits Tesla, which produces market-leading electric vehicles, solar panels and energy storage solutions. The company is well positioned to capitalize on increasing demand for sustainable technologies.
Tesla is a Pioneer in Electric Vehicles and Autonomous Driving
Tesla’s all-electric vehicle lineup includes the Model S sedan, the Model X SUV, and the more affordable Model 3. Tesla is also a leader in autonomous driving, with every Tesla vehicle having the hardware necessary for self-driving ability. As the electric and self-driving vehicle markets grow, Tesla stock should benefit.
Ambitious Growth Plans
Tesla aims to significantly expand vehicle production in the coming years. The company is ramping up production at its Shanghai Gigafactory to serve the Chinese market, constructing a plant in Germany, and expanding its Fremont, CA facility. Tesla also continues to improve its solar and energy storage business. If Tesla achieves its growth targets, the stock price is likely to appreciate considerably.
Led by CEO Elon Musk, Tesla is an innovative company with ambitious goals to accelerate the world’s transition to sustainable energy. Musk is a respected leader and visionary, though some criticize his overly optimistic timelines and management style. Under Musk’s leadership, Tesla stock could soar in the long run if his vision is realized. However, there is also risk if operational or financial challenges arise.
In summary, while Tesla stock is volatile, its strong growth prospects, leadership in sustainable technologies, and ambitious expansion plans provide opportunities for significant long-term gains. For investors seeking exposure to the future of transportation and energy, Tesla stock is an appealing choice.
Sign Up for an eToro Account
To purchase shares of Tesla stock on eToro, you will need to create an account. Follow these steps:
- Go to eToro.com and click ‘Join Now’. Provide your email address and create a password. Review and accept the terms and conditions.
- Enter your personal details including name, date of birth, address, and phone number. This information is required to verify your identity and account.
- Fund your account. eToro requires a minimum initial deposit of $200 USD or equivalent to get started. You can deposit money via wire transfer, credit/debit card, PayPal, Skrill, or other methods. Your money will be converted to USD if depositing in another currency.
- Find Tesla stock. In the search box, type in ‘Tesla’ or the stock ticker ‘TSLA’ to locate Tesla Motors shares. Click ‘Trade’ to purchase the stock.
- Indicate how much you want to invest in Tesla stock. Enter the amount of USD or number of shares. eToro allows you to invest in fractions of shares. Review the details and place your buy order.
Your Tesla shares are now in your portfolio. You can monitor their performance and read news updates on eToro to stay on top of your investment. When you are ready to exit the trade, simply click ‘Sell’ and enter the amount you wish to sell. The proceeds will be deposited back into your eToro account cash balance.
Congratulations, you now know how to buy Tesla shares on eToro in 3 simple steps! With eToro, stock trading does not need to be complicated. Follow these steps and start building your investment portfolio today.
Fund Your eToro Account
To start trading Tesla stock on eToro, you’ll need to fund your account. Here are the steps to deposit money into your eToro account:
1. Log in to your eToro account
Sign in to your eToro account using the email address and password you provided when you created your account.
2. Go to the “Deposit Funds” page
From the eToro dashboard, click “Deposit Funds” at the top of the page. This will take you to the page where you can select a deposit method and enter the amount you want to deposit.
3. Choose a deposit method
eToro offers several ways to deposit money into your account:
- Wire transfer: Electronically transfer money from your bank account to your eToro account. This typically takes 2 to 5 business days.
- Credit/debit card: Instantly deposit money using Visa or Mastercard. eToro accepts cards from most major issuers.
- PayPal: Quickly deposit funds via your PayPal account. Transfers are usually complete within minutes.
- Skrill: Deposit money using Skrill, an online payment provider. Deposits through Skrill are also very fast, usually taking just a few minutes.
- Rapid Transfer: Instantly deposit USD via U.S. banks. Only available for U.S. clients depositing USD.
- Neteller: Deposit money through your Neteller e-wallet account. Neteller deposits are typically complete within a few minutes.
Select your preferred method, enter the deposit amount in USD ($), and provide the necessary account details to complete the transfer. The funds should appear in your eToro account shortly depending on your selected deposit method.
Once the money is in your eToro account, you can use it to buy Tesla stock or any of the other assets available on eToro’s platform. Let me know if you have any other questions!
Search for “Tesla” on eToro
To purchase shares of Tesla stock on eToro, follow these steps:
- Create an eToro account or log in to your existing account. eToro is a popular online broker that allows you to invest in stocks, ETFs, cryptocurrencies, and more. Opening an account is free and straightforward.
- Fund your eToro account. You’ll need to deposit money to buy Tesla shares. eToro offers several payment methods including bank transfer, debit/credit card, PayPal, Skrill, and more. Deposits are typically available within 1-2 business days.
- Search for “Tesla” on eToro. This will bring up the Tesla Inc. stock, ticker symbol TSLA. Review details about the company to ensure it’s the correct stock you want to purchase.
4. Select “Trade” to place an order for Tesla shares
Specify the number of shares you want to buy and review the total cost. eToro allows you to purchase fractional shares, so you can invest as little as $50 to get started.
When you place your order, you have two options:
•Market order: Your order will be executed immediately at the current market price. This is best if you want to buy shares right away.
•Limit order: You set a target price, and your order will only execute if the stock reaches that price. This allows you to invest at a specific price you have in mind. The downside is your order may not execute if the target price isn’t met.
Review and confirm your order details, then select “Open Trade” to complete your purchase of Tesla shares. Your new shares will be added to your eToro portfolio where you can monitor their performance over time.
- Consider stop loss and take profit orders. These help you automatically sell shares if the price drops below or rises above certain levels. They are useful for managing risk and locking in gains. You can set them up after purchasing your Tesla shares.
Buying shares of Tesla on eToro is straightforward for new and experienced investors alike. With a few simple steps, you can gain exposure to this innovative company and add it to a diversified investment portfolio. Please let me know if you have any other questions!
Choose to Buy Tesla Stock
To purchase shares of Tesla stock on eToro, you will need to open an account, fund it, and place a buy order for TSLA.
Open an eToro Account
First, you will need to open an eToro brokerage account. Go to eToro.com and click ‘Join Now’. Provide some personal information to verify your identity, choose a username and password, and your account will be opened. eToro accounts are free to open and maintain.
Fund Your eToro Account
Next, you will need to deposit money into your eToro account to use for trading. eToro accepts several payment methods, including credit/debit cards, wire transfers, and e-wallets like PayPal or Skrill. The minimum deposit is $200. Your deposited funds will be available in your eToro account balance immediately and can be used to purchase stocks.
Place a Buy Order for TSLA
Once your eToro account is funded, you can place an order to buy shares of Tesla stock. In the search bar, enter the stock ticker symbol ‘TSLA’ to bring up the Tesla stock profile. Click ‘Trade’ to open an order ticket. Select ‘Buy’ and enter the number of shares you wish to purchase in the ‘Units’ field. eToro allows you to buy fractional shares, so you can invest with as little as $50.
Review and confirm the details of your buy order and then click ‘Open Trade’ to execute it. Your Tesla shares will be purchased at the current market price and added to your eToro portfolio. The total cost of your purchase including any fees will be deducted from your account balance. You can now sit back and monitor how your investment in Tesla stock performs over time.
To sell your Tesla shares in the future, simply open a ‘Sell’ order ticket from your portfolio and enter the number of shares you want to sell. The proceeds from the sale will be added back to your eToro account balance.
Set Your Tesla Stock Position Size
Once you have funded your eToro account and researched Tesla stock, you are ready to place your first trade. The position size refers to the amount of Tesla shares you want to buy. Carefully consider how much you want to risk on this trade based on your investment objectives and risk tolerance.
Determine Your Risk Tolerance
Think about how much of a loss you can endure if the trade does not go as planned. For new investors, it is best to start small as you learn. You can always add to your position over time. Consider starting with a modest amount, perhaps 2-5% of your total investment funds.
Check Your Available Funds
Make sure you have enough available funds in your eToro account to purchase the desired position size. Keep in mind that in addition to the cost of the shares, eToro charges a small commission on stock trades. Check the details of their fee structure to determine the total cost of your trade.
Preview Order Details
Double check the order details before confirming your purchase. Verify that you are buying the correct stock (TSLA for Tesla), the number of shares matches your intended position size, and you have selected “buy” rather than “sell”. Also check that you do not have any active stop losses or take profit orders on this trade which could trigger unintentionally.
Execute Your Order
When you are ready, confirm your order to purchase Tesla stock. Your shares will be available in your portfolio shortly after the order is filled. You can then monitor the performance of your position to see if your analysis of Tesla’s potential proves correct. Make sure to regularly check back on your open positions and update stop losses to protect your gains.
Following these steps carefully when opening your first Tesla trade on eToro will help give you peace of mind that your position size is appropriately matched to your financial situation and risk tolerance. Start small, learn the process, and you can scale up from there as your experience builds. With some prudent risk management, buying Tesla stock on eToro can be an exciting opportunity.
Set Stop Loss and Take Profit Orders (Optional but Recommended)
Once you’ve funded your eToro account and purchased shares of Tesla stock, you have the option to set stop loss and take profit orders to automatically close your trade based on preset price levels. These optional orders help ensure you lock in gains and minimize losses.
Stop Loss Order
A stop loss order specifies the price at which you want to sell your shares to prevent further losses if the stock price declines. For example, if you buy Tesla shares at $700 per share, you could set a stop loss order at $650. This means if the Tesla stock price falls below $650, your shares will be sold automatically. Stop loss orders allow you to cut your losses at a level you’re comfortable with.
Take Profit Order
A take profit order specifies the price at which you want to sell your shares to lock in gains if the stock price increases. For example, if you buy Tesla shares at $700 per share, you could set a take profit order at $750. This means if the Tesla stock price rises above $750, your shares will be sold automatically. Take profit orders allow you to secure profits at a level you’re satisfied with.
Setting stop loss and take profit orders for your Tesla trade helps give you peace of mind since you know exactly at what price levels your position will be closed. However, there is a chance the share price could continue moving in the direction you anticipated after your order is executed. You need to determine price levels you feel comfortable with to balance risk and reward.
Stop loss and take profit orders can be set, modified or canceled at any time for your Tesla or any other stock positions. Simply log in to your eToro account and navigate to the specific position you want to adjust. From there, you can enter the price levels for your stop loss and/or take profit orders. Be sure to double check all details before placing the orders.
Once set, your stop loss and take profit orders will remain in place until:
•The price level is triggered and the trade is closed
•You manually modify or cancel the order
•Your position is closed manually by you
Using these order types for your Tesla trade on eToro is not required but is generally recommended to help manage risk. Determine what strategy is right for your investing needs and experience level.
Review and Confirm Your Tesla Stock Order
Once you have funded your eToro account and selected Tesla stock, it is time to review and confirm your order. Carefully check all details to ensure your order is placed accurately before submitting.
To review your Tesla stock order on eToro:
- Verify the stock symbol is correct. For Tesla, the stock symbol is TSLA. Double check that the symbol entered matches this code.
- Confirm the number of shares you wish to purchase is correct. Review the total cost of your order using the current market price of Tesla shares. Make sure you understand all fees that apply before placing the trade.
- Select whether you want to buy the stock at the current market price or set a limit price. A market order will execute your trade immediately at the current price. A limit order will only execute if the stock reaches your specified price target. Choose the option that suits your investment goals.
- Check that your order is set to “BUY” rather than “SELL”. Placing a sell order in error could result in losing money.
- Review the Order Summary to verify all details such as the stock, number of shares, order type, and fees. Check that the information is accurate before submitting your order.
- Double check that you have sufficient funds in your eToro account to complete the purchase. The total cost of your order including fees must be available or the trade will not execute.
- Carefully confirm all details of your Tesla stock order one final time. Then, click “Open Trade” to submit your order and complete the purchase.
Taking the time to carefully review and verify the details of your Tesla stock order on eToro will ensure your trade is executed properly according to your investment objectives. Following the steps to double check the order information can help avoid issues that may lead to mistakenly buying or selling the wrong stock. If any details need correction before submitting, you will have the opportunity to edit your order. But once the trade is placed and executed, it cannot be reversed. So review and confirm with care.
Tesla Stock FAQs: Common Questions Answered
Tesla stock is a popular investment, but before you buy shares, it’s important to understand some key points about the company and its stock performance.
What does Tesla do?
Tesla, Inc. is a leader in electric vehicle and renewable energy technology. The company designs, develops, manufactures and sells electric vehicles and energy generation and storage systems. Tesla’s mission is to accelerate the world’s transition to sustainable energy. The company was founded in 2003 by Elon Musk, JB Straubel, Marc Tarpenning, Ian Wright, and Martin Eberhard.
How has Tesla stock performed?
Tesla stock has experienced tremendous growth over the past several years. In 2020, Tesla’s stock price increased over 700% due to strong demand for its electric vehicles and reaching profitability for the first time. However, the stock is also very volatile, and the share price can swing wildly up and down due to shifting investor sentiment and news about the company. Tesla’s stock performance will depend heavily on the company’s ability to scale vehicle production, meet demand, and continue improving its financials.
What are the risks of buying Tesla stock?
While Tesla’s stock has significant growth potential, there are also risks to consider:
•Production challenges: Tesla has struggled at times to ramp up production of its vehicles to meet strong demand. Any future production delays or challenges could negatively impact the stock price.
•Competition from other automakers: As major automakers roll out their own electric vehicle models, it may reduce demand for Tesla’s vehicles which could slow the company’s growth.
•Overvaluation: Some analysts argue that Tesla’s stock price is overvalued relative to its fundamentals like revenue and profitability. If investors determine the stock is overvalued, it could lead to a sharp drop in the share price.
•Reliance on Elon Musk: Tesla’s success is closely tied to its CEO Elon Musk. If anything were to happen to Musk or if he were to leave the company, it could seriously damage Tesla’s stock price and future prospects.
•Macroeconomic factors: Tesla’s stock may be impacted by broader economic factors like interest rates, recession risks, and oil prices. These macro factors could pose risks even if Tesla’s underlying business remains strong.
In summary, while buying Tesla stock could result in significant gains if the company’s success continues, investors should go in with a full understanding of the potential risks and volatility involved with this investment. If you believe in Tesla’s long-term mission and growth potential, buying and holding the stock for the long run may be rewarded. But proper risk management and not betting more than you can afford to lose is prudent.
Investing in exciting companies like Tesla can be thrilling and rewarding. By following these three simple steps, you’ve now opened up your portfolio to include this innovative brand that is shaping the future of transportation and energy. While all investments do carry risks, Tesla’s vision and growth potential continue to attract interest from investors around the world. You’re now able to easily buy and sell Tesla stock on eToro alongside millions of other traders. Take a moment to review your new position, set price alerts if desired, and monitor how your investment performs over time. The world of investing is at your fingertips – enjoy the journey!