Tesla is one of the world’s most thriving companies nowadays. The company’s innovative electric vehicles and forward-thinking strategy have recast the automobile sector. If you want to acquire Tesla shares as a purchase, eToro is a fantastic place to start.
In this article, we’ll show you the steps everyone needs to go through to buy Tesla stock on eToro. Thus, this tutorial will walk you through the steps to buy Tesla stock on eToro.
However, it is a legal and secure platform that allows you to trade on the global market. Moreover, you can start growing your investment portfolio with the methods provided in this tutorial. So, invest wisely and profit from Tesla’s success.
eToro is a social investing and multi-asset brokerage corporation with functions in the United States, the United Kingdom, Denmark, Israel, Cyprus, and Australia. Perennially, the eToro platform supports both manual and social investment.
However, eToro provides a range of equities, commodities, currencies, ETFs, crypto assets, and indexes for manual investing. At eToro, our clients may follow and invest in a wide range of financial products as expert tools and analyses.
Moreover, our clients may track the economic investing activities of other clients through Social Investing. The eToro platform operates with total transparency to facilitate this process.
Follow the steps beneath to open a new stock trading account.
1. Go to eToro’s ‘Create An New Account’ page.
2. Select a username.
3. Put your Email address.
4. Then, set a password.
6. Click the button ‘Create Account’.
7. Lastly, verify your email account.
Ok, now all the process is done, and you can set up your account in eToro and invest. Alternatively, you can sign up for a new Account with your Google account or Facebook. Thus, you can now available for Buy Tesla Stock On eToro.
If you skip this step after creating your account, you must add your personal information to customize your account to your investment skill level.
1. Click the button ‘Complete Profile.’
2. Read pops ups notifications and click ‘Continue.’
3. Filupl your personal information to match your Identity Proof.
4. Then, click on continue.
5. For address proof, add your address.
6. Add your Date of Birth, Palace of birth, citizenship, etc.
7. Correctly answer the security questions that pop up.
8. Accept eToro’s Terms and Conditions.
All information you provide will be strictly confidential, and will not be visible to other eToro investors. On the other hand, you can change your personal information at any time.
To buy Tesla stock on eToro, you must first fund your eToro account. You can add your fund with a credit card, PayPal, or through a wire transfer from a bank account. Indeed, before making a deposit, carefully and circumspection review the minimum deposit requirements and associated costs.
You can search for Tesla on eToro if your account has been underwritten. Simply type “Tesla” into the search box at the top of the website. When you open this link, a website with details on Tesla stock, including its current price, performance, and market capitalization, will load.
How To Buy Tesla Stock On eToro?
To buy Tesla Stock on eToro, go to the Tesla website and select the “Trade” option. Thus, this will open a trade ticket in which you can enter the amount of money you are curious about investing in the stock right now. Moreover, create a take-award or stop-loss order and manage your risk.
You may place a transaction on the eToro trading site once you’ve analyzed Tesla as a trade and opted to acquire the stock. In brief, we have already told you to buy Tesla stock on eToro, go to the Tesla stock page, and select the “Trade” option.
You may next select the order option (market or limit), the amount you would like to invest, and finalize the transaction. Emphatically, eToro will execute your transaction, and you may track your stake on the platform.
It is crucial to monitor your Tesla stock holdings. Also, you require to fix your plan as needed. Stop-loss and take-profit orders are among the tools available on eToro to help you manage your assets. Thus, this allows you to sell your stock automatically when it achieves a set price.
Subsequently, place your additional transactions on the eToro platform, and you can increase or decrease your stake in Tesla shares. Moreover, it is critical to monitor news and market movements on stock performance and alter your approach to investing accordingly.
Tesla’s Stock Symbol
The sticker symbol for Tesla is TSLA. It is traded as a Nasdaq 100, S& P 100, and S& P 500 component. Thus, this is the symbol to use when searching for the company’s trading page on a brokerage company’s platform and placing buy and sell orders.
Tesla’s Stock Price History
On January 29, 2010, Tesla Motors submitted Form S-1 with the US Securities and Exchange Commission (SEC), stating its plan to make an initial public offering underwritten through Goldman Sachs, JP Morgan, Morgan Stanley, and Deutsche Bank Securities.
On the same day, Tesla Motors went public on the NASDAQ, selling 13,300,000 stock for $17 a share, raising $226 million. Tesla’s stock price has risen steadily since then, with the most recent increase in 2019. Finally, Tesla earned the most outstanding dollar growth in market valuation in equities history in the third quarter of 2021.
Tesla shares surged within that brief period after the company reported solid results for the October 20 quarter. A couple of days later, its market capitalization surpassed $1 trillion.
Buy Tesla Stock On eToro: Benefits
1. It is accessible in the global market – Since eToro grants access to global markets, it is the potential to invest in Tesla from anywhere in the world utilizing their platform.
2. Easy to operate – In the case of inexperienced traders, there will be no problem in buying and selling Tesla shares. Moreover, the interface of the eToro is very user-friendly.
3. Buy fractional shares – If you use eToro, you can start investing as little as $50 in Tesla. Thus, this platform allows you to buy fractional shares of company stock.
4. Secure & safe platform – Rest assured that eToro is a safe and secure site. So, you don’t have to stress about your funds when you invest in Tesla operating it.
How Convenient Is Buying Stocks On eToro?
Many people may and do profit through eToro investing. Besides, many others lose money as well. You must anticipate investment values to rise and fall regardless of where you invest. Moreover, you are not guaranteed a return on investment or a break-even point.
However, eToro is a good solution for anyone looking for low-cost investing of stocks, CFDs, FX, and cryptocurrency via an amazing mobile app. eToro provides free stocks and ETF trading, simple account setup, and one of the industry’s top crypto choices.
Investing in Tesla shares through eToro is a fantastic method to capitalize on the company’s progress. However, If you observe the procedures outlined in this post, you can buy Tesla stock on eToro swiftly and simply. Thus, this allows you to begin constructing your investing portfolio.
Without a doubt, the process of purchasing Tesla shares on eToro is straightforward. Do your study, stay updated on market trends, and carefully manage your money. Moreover, begin your investing adventure with eToro and capitalize on the potential to invest in among the most creative firms of our time.
Frequently Asked Question
Q1. How To Buy Tesla Stock On eToro?
A. To buy Tesla Stock on eToro, go to the Tesla website and select the “Trade” option.
Q2. Can I Sell My Tesla Stock on eToro?
A. Yes, you can sell your Tesla stock on eToro. Thus, simply navigate to the Tesla stock page and follow the instructions to place a sell order
Q3. Are there any fees associated with buying Tesla stock on eToro?
A. eToro charges fees associated with trading activities, including buying and selling stocks. Fee structures can vary, so it’s essential to review eToro’s fees before making any transactions.
Q4. Is eToro a safe platform to buy stocks?
A. Yes, eToro is a reputable and regulated platform that prioritizes user safety and security.
Q5. Can I buy fractional shares of Tesla stock on eToro?
A. Yes, you can buy fractional units of Tesla stock through eToro. You can start investing in Tesla with $50 in your account.
Q6. Does eToro charge a fee to buy Tesla stock?
A. It charges a fee to buy Tesla stock on eToro. The eToro spread fee for Tesla stock is currently 0.75% of the trade price.
Q7. How can I add funds to my eToro Account?
A. You can add your fund with a credit card, PayPal, or through a wire transfer from a bank account.
Q8. Can I buy Tesla shares directly?
A. No, you can’t buy stocks directly from Tesla. Indeed, you need to buy Tesla stock through a broker.
Q9. Where is the eToro’s service available?
A. eToro was founded in 2007 and has offices worldwide in the UK, US, Europe, and Australia. As a global platform, eToro serves millions of users in different countries by offering various investment options and social trading features.
Q10. Is eToro regulated?
A. Yes, eToro is regulated by multiple financial authorities in different jurisdictions. In Australia, eToro is controlled by the Australian Securities and Investments Commission (ASIC), which allows it to offer financial products as part of its AFSL.