Tesla is one of the most innovative companies globally that receives regular recognition, especially from its environmentally-conscious clients and fans. Besides manufacturing electric vehicles, the company also delivers solar panels and clean energy solutions.
Tesla’s success has attracted the attention of many investors looking to buy Tesla shares. But, do you know how to buy Tesla shares? Fortunately, we have prepared this guide to help you understand Tesla shares and whether you should invest in them. We have also recommended the three best stock brokers from whom you can purchase the company’s shares.
Top 3 Brokers for Buying/Selling Tesla Shares
Buying or trading Tesla shares requires access to the NASDAQ exchange where the company is listed. For this reason, you need to find the best online brokerage firm with access to the exchange. Unfortunately, it’s not easy to identify the best stock broker from the dozens dominating the financial markets. That is why we decided to recommend the top three below that have been tested and reviewed by our expert researchers.
1. Plus500
*Illustrative prices
Plus500 is an excellent choice of a broker if you want to trade Tesla shares as CFDs. The broker hosts over 2,000 tradable CFD assets, most of which are traded as shares. In addition, trading Tesla shares is commission-free, and you only need to make a deposit of at least £100 to trade Tesla shares. Additionally, Plus500 charges a commission for overnight funding, a currency conversion fee, guaranteed stop order, and an inactivity fee.
Besides the web platform, you can also buy/sell Tesla shares using Plus500’s mobile app, which is highly rated on Google Play, the App Store, and Trustpilot.
Like other brokers, Plus500 also has its pitfalls. For instance, its asset availability can be improved. It also has a single proprietary platform that limits expert traders looking for advanced features.
✔ Regulated in many countries
- A user-friendly platform that you can easily explore using your desktop or mobile device
- Hosts a Traders Academy platform that is loaded with quality learning materials in the form of ebooks, videos, etc
- Zero commissions and low spreads for trading the shares of Tesla
- You can use Plus500 Invest to buy Tesla shares
- Limited advanced tools and platforms
Note: 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
2. eToro
eToro has access to the NASDAQ exchange. You can purchase the shares as a fraction if you cannot afford to purchase one single share. The broker has a user-friendly copy and social trading platform that allows you to benefit from expert traders’ positions.
Additionally, eToro allows you to buy shares of other world-recognised companies, including Microsoft, Apple, Amazon, Facebook, and more. You can also try your luck in other markets such as forex, cryptocurrencies, commodities, and more. All these activities are conducted with only a minimum deposit of $100.
On its downsides, eToro is expensive to trade with and charges a $200 minimum deposit for you to enjoy the copy trading feature.
Disclaimer: eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. {etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Zero commission means that no broker fee will be charged when opening or closing the position and does not apply to short or leveraged positions. Other fees apply including FX fees on non-USD deposits and withdrawals. Your capital is at risk. For more information, click here.
✔Low minimum to fund an account and begin investing
- Highly reputable stock broker with over 30 million global users
- Plenty of learning resources on share trading and investment, including articles, blogs, webinars, etc
- Over 3,000 additional investment instruments to explore and diversify your portfolio with
- High spreads for investments, thus limiting low-budget investors
- You will pay £5 for making withdrawals at eToro
3. IG Markets
IG Markets offers plenty of trading resources for all types of traders. For instance, there is an IG Community platform that you can use to connect with like-minded traders and share trading ideas.
In addition, IG Markets hosts advanced platforms with advanced features to maximise your potential. This includes a Direct Market Access (DMA) platform that allows you to trade directly into the order books of NASDAQ commission-free. There are also other platforms like the MT4 and ProRealTime to give you a fantastic experience.
On the flipside, IG Markets charges high spreads. It also charges a £50 quarterly subscription fee if you fail to trade more than three times using your share trading account.
✔ Leading broker with low fees
- Licensed and regulated by top-tier authorities, including the FCA
- Advanced research and market analysis tools suitable for both newbies and advanced traders
- Hosts a superior IG Community platform for connecting and sharing ideas with other global share traders
- A quarterly subscription fee of £50 applies if you fail to trade more than three times using your share account
- Its trading tools are tailored primarily for professional traders
How to Buy Tesla Shares With eToro?
Various stock brokers, especially in the UK, will allow you to buy Tesla shares. However, the above three brokers will support you with quality resources to get you started. Below are the steps to buying Tesla shares with eToro.
Follow the links provided on this page and be redirected to eToro’s platform for registration. If you are a newbie, you can start by signing up for a demo account and practice share trading before you create the live trading account. Keep in mind that eToro also has a reliable mobile app. Therefore, while you can buy Tesla shares using your desktop, there is also a mobile app to help you track your activities on the go.
eToro has a pretty straightforward registration process that you can complete within minutes. You will be required to provide your personal information, including name, date of birth, email address, phone number, location, etc. the broker will also require more information regarding your source of income to use as the foundation of your account.
In addition, you will provide details to prove your identity in order to verify your trading account. For this reason, a passport or any other identification number will be required. You will also submit a bank statement or utility bill as proof of residence.
Once your trading account is verified, you are free to start trading. However, a minimum deposit of $100 will be required to access the NASDAQ exchange and buy Tesla shares. Note that the broker allows payments through various methods, including bank transfers, debit cards, and e-wallets. So, make sure you confirm a suitable payment method before committing to eToro.
At this point, you are now free to access the NASDAQ exchange and choose Tesla shares under the ticker TSLA. Tesla is one of the biggest tech companies globally, and eToro allows you to trade the shares differently. This means that not only can you buy Tesla shares as physical assets, but you can also trade them as indices and CFDs.
Based on your budget, you will choose the amount of Tesla shares you are willing to buy. If you want to trade the shares as indices or CFDs, just make sure you understand all the risks involved before putting up your money.
Tips on How to Choose the Best Stock Broker to Buy Tesla Shares
Many stock brokers in the UK claim to offer Tesla shares. However, how do you know that the one you are using is the best one for you? Read along for the attributes of the best stock broker to buy Tesla shares.
The stock broker you trade with must guarantee the safety of your trading funds and personal information. This is because some stock brokers are not legally authorised to extend their services to traders, and using them puts your funds at risk of being stolen. For this reason, ensure you choose a stock broker in the UK licensed by the Financial Conduct Authority (FCA).
The trading platform of a stock broker should be fast in executing trades. What’s more, it should host all the necessary tools to boost your experience. This includes trading accounts, learning content, and research materials. The platform should also perform seamlessly on both desktop and mobile devices to enable you to trade anywhere, anytime.
Obviously, you want to buy Tesla shares, and so the stock broker should allow access to the NASDAQ exchange where the shares are listed, alternatively offer CFDs or other derivatives based on Tesla shares. It should also host additional assets to trade and diversify your portfolio with.
The best stock broker should allow you to test it and see if you are comfortable with it. You don’t want to choose a stock broker and find out later that it isn’t suitable for you. Therefore, confirm if there is a demo account on a stock broker. You can also use the demo account to practise how to buy shares before you invest your money in Tesla.
Buying Tesla shares using a stock broker is not free. You need to pay commission or spreads, which vary with a broker. This means that you should find a stock broker with spreads or commissions that fits into your budget. You can also confirm additional fees such as minimum deposit requirement, transaction charges, inactivity fee, and more.
While you may want to overlook this element, it is imperative when choosing a stock broker in the UK. It doesn’t matter whether you are a newbie or an expert trader since, at some point, you will require someone to attend to any arising trading issue. So, choose a stock broker with responsive and reliable customer service.
While we always say that the best stock broker is the one that meets your trading requirements, you should also consider other stock traders’ opinions regarding the broker you are choosing. With their comments and ratings, you will be able to know where the broker excels and where it falls short, hence make the best decisions.
Find out about the SpaceX IPO stocks in our other article.
Tesla Shares Price Today
Tesla shares have been increasing in value throughout the years and are currently valued at around £1,000 a share. The chart below will allow you to check Tesla share price and compare how it changes at different times, whether within minutes, days, months or years. As a result, you will be able to make informed investment decisions that can bring about profits in the long run.
About Tesla
In 2003, Tesla was founded by two engineers, Martin Eberhard and Marc Tarpenning, who believed and wanted to prove that electric vehicles can be better, more reliable and fun than gasoline cars. To date, not only has Tesla managed to manufacture electric vehicles and batteries, but it has also extended its services to producing clean energy generation and storage products. They include solar panels and roofs that enable homeowners and businesses to manage renewable energy consumption.
The Tesla company was initially named Tesla Motors, after Nikola Tesla, who was one of the contributors to the design of the modern alternating current (AC) electricity supply system. However, the company later changed its name to Tesla Inc in 2017 under the leadership of Elon Musk, who became its CEO in 2004.
The first vehicle manufactured by Tesla was the Roadster and was sold to the public from 2008 to 2012. The company began rising to its glory in 2010 after its first IPO (with only £17 a share) that made it raise £226 million. After the Model S was founded, Tesla became unstoppable on its way to success. In 2012, the company also introduced the Supercharger network — free charging stations for Tesla vehicles. To date, there are over 25,000 Superchargers globally.
Overall, Tesla is a popular company, with its share price valued at over £1000 in 2023.
If you’re interested in diversifying your investment portfolio, you may also consider exploring Shell shares, Carnival cruise stock or Zomedica share which can provide insights into investing in another notable company.
Read about the eBay stocks in our article.
FAQs
Tesla stock is currently valued at over £1,000, which can be costly for most investors. However, since the company allows traders to purchase the shares in fractions, you can buy Tesla shares with as little as £10. By using CFDs to trade Tesla, you can decide on the investment amount yourself.
Yes. You can buy one share of Tesla. However, you need the best stock broker that has access to the NASDAQ exchange for you to complete your purchase.
No. Unfortunately, Tesla does not have a direct stock purchase program, and you can only buy it through the NASDAQ exchange.
Elon Musk remains the biggest shareholder of Tesla stock with less than 17% ownership of the company since he is currently selling around 10% of his shares. For corporate investors, the Vanguard Group Inc is the leading shareholder of Tesla stock, with a total of 5.83% of the outstanding shares.
Unfortunately for Tesla shareholders, Tesla does not pay dividends. There have been talks about introducing dividends, but we don’t expect that to happen any time soon. Therefore, if you buy Tesla shares, you will only make profit from selling your shares at a higher price than you bought them for.
In 1st July 2003, Tesla was founded by two engineers, Martin Eberhard and Marc Tarpenning, who believed and wanted to prove that electric vehicles can be better than gasoline cars.
Conclusion
Tesla is the world’s largest electric vehicle company that continues to show growth potential. It is always a few steps ahead when it comes to innovation, which is one of the reasons investors are eager for updates of the company’s performance. With its recent financial report indicating that its revenue is increasing, you should consider investing in Tesla shares.
Note that Tesla stocks are volatile, and you must stay abreast with the company’s share price performance to know the right time to make a purchase. Also, ensure you trade with the right stock broker, whether it’s a long-term or short-term investment. Our recommended brokers above will give you the best experience, so feel free to choose a suitable one for you.
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One Reply to “How to Buy Tesla Shares? Step-by-Step Guide on How to Invest in Tesla”
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25,000 hours of testing 70+ brokers. Our recommended broker is Pepperstone.
Our recommended broker is Pepperstone.
What I can say is that if we can make more than our job and business in trading then why can't we live with trading?
Yes, many people would say they can't live with only trading because they don't make enough profit to survive. One who makes a regular good profit and has a good plan and risk management things in the mind would make it big.
Zerodha, CEO, Nitin Kamath, has publicly shared that over a period of 1 year, over 99% of the traders lose money.
The reason for this is traders never try to learn. Beginners come up and ask for direct calls and tips and never think that they can get a good mentor and learn methods that can help them in the long run.
Newcomers should focus on learning and then surely earning will start and if we are a good learner then believe me the market will respect you and give you so much that one even can't imagine.