How to buy Tesla stock (2024)

Tesla is a global electric car maker and clean energy company headquartered in Austin, Texas. Founded in 2003, Tesla designs and produces electric vehicles and energy generation and storage products, including solar panels and at-home charging stations. Its network of 45,000+ Superchargers is the largest network of fast-chargers in the US.

Co-founded and led by billionaire Elon Musk, Tesla is currently the most valuable car brand worldwide. In addition to its lineup of sedans and SUVs, Tesla's future vehicle models include the Tesla Cybertruck, Tesla's version of a pickup truck, and its upcoming fully electric semi truck, dubbed Tesla Semi. Tesla (TSLA) stock launched on the NASDAQ in 2010 and its share price has since experienced massive growth.

How to buy shares in Tesla

  1. Choose a platform. If you're a beginner, our stock trading platform picks below can help you choose.
  2. Open your account. Provide your personal information and sign up.
  3. Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for stock code: TSLA in this case.
  5. Research stocks. The platform should provide the latest information available.
  6. Buy your stocks. Place a market order or limit order with your preferred number of shares. It's that simple.

The whole process can take as little as 15 minutes. You'll need a smartphone or computer, an internet connection, your passport or driving license and a means of payment.

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Latest updates for Tesla

January 3, 2024: BYD has managed to surpass Tesla for electric vehicle (EV) sales in the last 3 months of 2023. BYD announced sales of 525,000 EVs in the final quarter compared to Tesla's record 484,500.

January 2, 2024: Shares of Tesla wobbled Tuesday after the electric-vehicle company reported full-year deliveries numbers in line with its guidance and a bit ahead of Wall Street's expectations, according to Wall Street Journal.

December 28, 2023: Reports say that Tesla plans to release an updated version of its Model Y SUV from its Shanghai factory with hopes that a revamped model will boost sales.

December 22, 2023: Analyst outlook remains strong for Tesla stock. Wedbush analyst Daniel Ives maintained an Outperform rating and changed the target price from $310 to $350, while RBC Capital analyst Tom Narayan reiterated an Outperform rating and maintained a target price of $300, according to Benzinga.

December 15, 2023: Guggenheim analyst Ronald Jewsikow maintained a Sell rating of Tesla's stock and changed the price target from $125 to $132, according to Benzinga.

December 14, 2023: Tesla has been forced to recall over 2 million vehicles due to concerns over the autopilot feature, and Tesla is rolling out new software to help fix the problem.

December 13, 2023: Tesla's stock price has dipped slightly, even though most of the market rallied, and its upcoming earnings report will be looked at closely by investors.

Looking ahead - Tesla stock Q4 2023

Tesla CEO Elon Musk emphasized during the company's Q3 earnings call that "there will be enormous challenges in reaching volume production with the Cybertruck and then in making a Cybertruck cash flow positive." He sees the Cybertruck as being "our best product ever," but taking a year to 18 months before it's a "significant positive cash flow contributor." According to Musk, over 1 million people have so far reserved the vehicle. Deliveries remain on track for the end of 2023.

For Q4 2023, Wall Street analysts on average expect Tesla to post earnings of 85 cents per share on revenue of $26.2 billion, according to Yahoo Finance data. Tesla is expected to release its Q4 and full-year 2023 financials around January 24, 2024.

Is it a good time to buy Tesla stock?

Only you can make the decision on the time to leap... but here's some supporting information and analysis.

  • Price graph
  • Historical data
  • Technical analysis

Use our graph to track the performance of TSLA stocks over time.

Share price volatility

Over the last 12 months, Tesla's shares have ranged in value from as little as $101.81 up to $299.29. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Tesla's is 2.316. This would suggest that Tesla's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Historical closes compared with the last close of $237.93

1 week (2023-12-29)-6.02%
1 month (2023-12-05)-0.33%
3 months (2023-10-05)-8.67%
6 months (2023-07-05)-13.30%
1 year (2023-01-05)109.37%
2 years (2022-01-05)-37.91%
3 years (2021-01-05)-2.19%
5 years (2019-01-05)1,023.41%

The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.

Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.

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Is Tesla under- or over-valued?

Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Tesla P/E ratio, PEG ratio and EBITDA

  • P/E ratio
  • Tesla PEG ratio
  • Tesla EBITDA

Tesla's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 77x. In other words, Tesla stocks trade at around 77x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 10, 2023 (20.44). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Tesla's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.7918. Higher PEG ratios such as this can be interpreted as meaning the shares offer worse value given the current rate of growth.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Tesla's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.

Tesla's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $15.2 billion.

The EBITDA is a measure of a Tesla's overall financial performance and is widely used to measure a its profitability.

Frequently asked questions

  • As of September 1, 2023, Yahoo Finance data shows Tesla stock has a Hold consensus rating, with 4 Strong Buys, 4 Buys, 8 Holds, 6 Underperforms and 1 Sell. Based on this information, Tesla stock is considered a Hold.

  • As of September 1, 2023, analysts have an average 12-month price target of $239.82, according to Yahoo Finance.

  • Shares of Tesla closed at an all-time-high of $409.97 per share on November 4, 2021.

  • No, you can't buy stocks directly from Tesla. You need to buy Tesla stock through a broker. If you don't already have one, choose a broker from our table and open an account to get started."]

  • Yes, you can buy Tesla stock on Robinhood. Once you're logged in to your Robinhood account, enter the Tesla ticker symbol TSLA in the search bar and place your order.

  • As of September 1, 2023, approximately 13.04% of Tesla shares were held by insiders and 44.21% by institutions, according to Yahoo Finance data.

  • Tesla's international securities identification number is: US88160R1014

  • Tesla's Committee on Uniform Securities Identification Procedures number is: 88160R101

  • It's as easy to sell Tesla as it is to buy! Here's how to sell Tesla stocks that you already own.

    1. Open your investment app. If you've got one with desktop access, you can log in online
    2. Go to your portfolio. This should be in the main menu
    3. Find your shares. You may be able to search your portfolio
    4. Choose how many you'd like to sell. You'll be able to review the price and see how much you'll receive
    5. Sell your Tesla shares. Your investment platform will let you know when your shares are sold
  • Most dealing providers will let you use your debit card to top up your account and buy shares. The main ways are with a debit card, bank transfer or with Apple/Google Pay.

  • The easiest way to get hold of some Tesla shares is to sign up for a stock trading app and place a market order or basic order. This type of order tells the platform that you're interested, so it'll try to execute it as quickly as it can. It could take some time for the order to go through, especially if there's a lot of volatility in Tesla shares.

  • Tesla financials

    Revenue TTM$95.9 billion
    Operating margin TTM7.56%
    Gross profit TTM $20.9 billion
    Return on assets TTM7.97%
    Return on equity TTM22.46%
    Profit margin11.21%
    Book value$16.82
    Market capitalisation $789.9 billion

    TTM: trailing 12 months

How to buy Tesla stock (2024)
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