How to buy Tesla (TSLA) stock

Use our step-by-step guide to learn how to buy TSLA stock and compare the best Tesla trading platforms.
By:  & 
Updated: Dec 22, 2022
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A big part of learning how to buy Tesla stocks is finding the best place to make your investment. Tesla stocks are available to invest in through an online stock broker, and it usually takes just a few minutes to buy shares in Tesla when following our step by step guide.

Where to buy Tesla stock?

The best stock trading platform to use to buy Tesla stock is eToro .

Based on our research, we’ve ranked the top five brokers where you can buy Tesla shares, according to how easy they are to use, how low their fees are, their safety and security rating, and average customer reviews.

1
Min. Deposit
$ 10
Promotion
User Score
10
Up to $240 bonus!
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA
Investoo Ltd is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc., as applicable. This compensation incentivizes Investoo Ltd to describe those products and services in favorable terms. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.

Read more about how we test, rank & review platforms.

How to buy stock in Tesla in 3 simple steps

Buying Tesla stock is quick and easy, all you need is an internet connection and a copy of your photo ID. Here’s how to do it.

Step 1. Sign up to eToro

eToro is the best stock trading platform for beginners. Fill in your details to set up a brokerage account and attach a copy of your ID to verify it.

1
Min. Deposit
$ 10
Promotion
User Score
10
Up to $240 bonus!
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA
Investoo Ltd is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc., as applicable. This compensation incentivizes Investoo Ltd to describe those products and services in favorable terms. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.

Step 2. Make a deposit

Transfer money to your new account with your credit or debit card, a bank transfer, or an alternative payment method, like PayPal. The minimum deposit is £10.

Step 3. Buy Tesla shares

Search for Tesla using the ticker, TSLA. Click the ‘trade’ button and enter the details of your investment, such as how many shares you want to buy or how much you want to spend. Hit ‘trade now’ to invest in Tesla and complete your purchase.

It’s as easy as that! You can buy Tesla shares in just 10-15 minutes and now you’re a Tesla shareholder.

Compare the best platforms to buy Tesla stock

Fundamental analysis of Tesla shares

What is Tesla’s total worth?

Tesla’s total net worth is $617.54 billion. This is its total market capitalisation, calculated by multiplying the number of shares outstanding on a stock exchange by the current share price.

How has Tesla’s share price performed in recent years?

The current Tesla stock price today is $197.08, which is 51.62% below its all time high of $407.36, which it reached on 5 November, 2021.

Overall, TSLA is up 875.64% over the last five years. The TSLA share price is down 50.72% in 2023 with a 52 week high of $402.67 and a 52 week low of $196.66.

What is Tesla’s EPS?

Tesla’s EPS is $3.24. EPS stands for earnings per share and is calculated by dividing Tesla’s net profit by the number of shares outstanding. It gives you an idea of how valuable a company is.

What is the Tesla P/E ratio?

Tesla’s P/E ratio is $55.59. The P/E, or price to earnings ratio, tells you how much you would have to pay per share for $1 of Tesla’s earnings. 

It is calculated by dividing the share price by the earnings per share. You can use Tesla’s earnings estimates to predict its future (or forward) P/E and set a target price you think the stock can reach.

What is Tesla’s dividend yield?

Tesla’s dividend yield is 0%. The dividend yield tells you how much of Tesla’s share price it gives back to shareholders in dividend payments every year.

Is Tesla stock a buy or sell?

The indicator below shows you live technical ratings for Tesla stock on time frames from one minute to one month. 

It tracks a selection of key technical indicators on live market data, including moving averages, relative strength index (RSI), oscillators, and momentum.

This indicator should be used when you research Tesla to help you decide whether to buy Tesla shares. Past performance is no guarantee of future results. It is not investment advice or a recommendation from Invezz to buy this stock.

Is Tesla a good investment for me? 

The right answer is different for each person, so here is some information to help you decide whether to buy stocks in Tesla.

  • Tesla has doubled its revenue since 2019. Tesla has been a popular stock for a long time, driven by Elon Musk’s personality. But it has only recently started to generate as much revenue as you would expect. In 2019, the year before the pandemic, Tesla’s revenue was around $25 billion. By 2021 that number was more than $50 billion and rising.
  • Tesla has dramatically increased the number of cars it produces. The automotive segment makes up the vast majority of Tesla’s revenue. Up until 2020, Tesla was only producing a very small number of its Model S, Model X, Model 3, and Model Y cards. In the last couple of years, however, it has produced roughly a million each year, which has helped drive the revenue up significantly. 
  • Electric vehicles and renewable energy are a technology of the future. One reason for Tesla’s surge over the past few years is that Musk’s belief in renewables and in creating futuristic technologies is paying off. Governments around the world are making more of an effort to embrace renewable energy and to create the infrastructure to allow for more electric vehicles to take to the road. Tesla is by far the most well-known and popular EV manufacturer, although more traditional competitors like Ford have now entered the game to make for a more competitive marketplace.
  • Tesla makes money from energy generation and storage, and through its Supercharger network. Producing cars is Tesla’s main revenue stream, but the company also generates renewable energy and has created a “Supercharger” network to store and transport it, so that people can charge their Teslas. All of this network and infrastructure could be an important extra source of money in the long run.
  • Tesla owns a lot of Bitcoin. In spring 2021, Elon Musk announced that Tesla had invested $1.5 billion in Bitcoin and would take payment for its cars in Bitcoin as well. The company has since gone back on the second declaration and has sold out more than half of its Bitcoin, but it still holds a significant sum. Volatility in Bitcoin’s price can affect Tesla’s financial statements, because if it falls in value then the company has to register that as a capital loss. It’s possible that Tesla could invest more in Bitcoin should there be another crypto run.
  • Elon Musk’s acquisition of Twitter has impacted the share price. Musk financed his Twitter purchase by taking out loans against the Tesla share price. While there are many other factors at play, there have been concerns that his focus on Twitter and the vast amount of money he was forced to borrow to pay for it could have a negative impact on Tesla. It’s something to be monitored if you do decide to invest.
  • Musk himself is a powerful personality who has a lot of loyal supporters. The flip side to Musk’s investment in Twitter is that his sheer force of personality makes Tesla stock extremely popular. It was one of the biggest winners of the pandemic recovery and the rise in retail trading. Not only can Musk almost always raise any money he needs, his tweets can have a big impact on the share price (which has got him into trouble with the SEC – the Securities and Exchange Commission – in the past).

It’s always a good idea to think about any potential risks there might be as well. Use this summary of Tesla’s pros and cons before you make a final decision on whether to buy Tesla stock.

Pros

  • Tesla’s revenue has increased a lot in recent years
  • Elon Musk is a powerful, if divisive, personality with lots of ideas and the drive to make them happen
  • Tesla’s production numbers have shot up since the pandemic and it’s shipping more cars than ever
  • Tesla’s stock split makes the stock more affordable to the average investor

Cons

Are there other ways to buy shares in Tesla?

Yes, you can invest in Tesla stock in a few different ways. One option is to buy stock in Tesla directly through an investment platform as laid out above, while another popular choice is to invest in a fund. 

Mutual funds provide instant diversification to your investment portfolio by investing in lots of companies at once. You can invest in an S&P500 index fund to get exposure to Tesla, or choose a tech ETF.

Another option is to use a social copy trading platform, like eToro . Find a trader who you like and copy their Tesla trades directly to your own account. 

This can be a good investment strategy for beginners and a way to learn how to buy Tesla shares from someone with more experience.

What are the fees for investing in Tesla stock?

It depends on the stock broker. Some platforms charge a flat fee per trade, others charge a commission as a percentage of the total trade value each time you buy Tesla stocks.

Consider that there may be other costs to trading too. Other fees can include deposit and withdrawal fees, or inactivity fees if you don’t use your account for three months or more. 

These are the trading platforms that charge the lowest fees for buying stocks in Tesla.

Trading platformTrading fees
eToro $0
Skilling $0
Capital.com $0
Degiro $0 (US) / £1.75 (UK)
AvaTrade 0.13% commission

How to sell Tesla stock

When you decide the time is right to sell and lock in some profit (or cut your losses), log into your broker account and navigate to your portfolio. 

From there, find your Tesla stock and you’ll see a ‘sell’ option next to it. Click that to set the details of the trade (you don’t have to sell all your stocks at once) and sell back to cash.

Should I buy Tesla stock now?

It’s your investing goals and style that define whether now is a good time to buy. The current Tesla stock price plays into it but ultimately it depends on your investment horizons.

  • If you’re a short term trader: the goal is to make money by buying and selling stocks regularly to secure a profit or avoid a loss. That can mean trading hourly, daily, or weekly but the focus is always on the near future. Traders learn how to buy stocks in Tesla based on short term technical analysis and don’t hold shares for a long time, so any time can be a good time to buy TSLA.
  • If you’re a long term investor: you’re more interested in long term price appreciation than whether a stock is up or down on any given day. The important thing is finding a stock with a strong foundation where you think the share price will be up over a period of months or years. If you think Tesla’s fundamentals are solid then the best time to invest in Tesla stock is after a dip or a pullback in price.

Most new traders sit somewhere between these two positions. You don’t want to actively trade Tesla stock all hours of the day but you don’t want to wait years for a return either.

Either way, following TSLA price news and analysis will help you decide when to dip your toe into the market.

Tesla Inc (NASDAQ: TSLA) is trading slightly up in extended hours after reporting record profit and revenue for its fourth financial quarter. Pro reacts to Tesla’s earnings print Shares are also up on the rosy guidance. Tesla stuck to its ambitious target of about a 50% growth in deliveries…

FAQs

Is Tesla stock overvalued?
Do I have to pay capital gains tax on any profits I make?
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When was Tesla’s stock split?
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.
James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.