Are you looking to buy Tesla stock? This innovative electric car and renewable energy company has been making headlines for years. What if I told you there’s a way to buy Tesla Stock on eToro without much hassle?
But why should you buy Tesla stocks? Let me explain it to you! Beyond its electric cars and ambitious space goals, Tesla is at the forefront of sustainable energy. Buying Tesla stock isn’t just about riding the wave of electric cars. It is also an investment in the future that aims to reduce the usage of fossil fuels.
What does Tesla do?
Tesla builds electric cars, has ventured into solar energy, and produces solar roofs and panels. Their factories aim for sustainability, which could set a precedent for global manufacturers. The brand has also expanded its reach globally, making it a serious player on the world stage. So, it’s not just a stock; it is a statement about where you think the future of technology and the future of your investment are going.
Let’s look at the brief history of Tesla before learning to buy Tesla stock on eToro.
History of Tesla
Tesla Motors, now known simply as Tesla, Inc., was founded in 2003 by engineers Martin Eberhard and Marc Tarpenning. Soon after its founding, Elon Musk joined the company. He led Tesla’s initial round of investment funding in February 2004. Since its inception, Tesla has always been about challenging the status quo. When Elon Musk joined Tesla, he brought with him the vision of a sustainable future and rapidly accelerated the company’s growth. Today, Tesla is not just a car-selling company. It also sells a vision for the future. Now, let’s briefly look at the performance of Tesla stock.
Tesla Stock Performance
At the time of writing, Tesla stock is hovering around $245. When we look at Tesla’s stock performance in the last decade, it had huge volatility, but more importantly, it maintained an upward trajectory. Especially in 2020, the stock price sharply moved up. It was mainly due to Tesla’s increased production capabilities and its ventures into new markets. The investors believe that the upside potential of Tesla makes it a reasonable investment choice even around the current price levels. Now, let’s go through a brief introduction of eToro.
What is eToro?
eToro isn’t just another trading platform. It’s a social trading community. How cool is it to follow expert traders and copy their trades? That’s what eToro offers. Not only does eToro offer a platform for buying and selling financial assets, but it also brings in a community for traders to interact and discuss strategies. It’s more than just an online space for trading. It’s a hub for learning and growth. With its interactive webinars and abandoned educational resources, eToro ensures you’re educated enough to make the right investment decisions.
eToro Special Features
Besides regular trading features, eToro provides a Copy Trading feature that lets you copy the most successful traders. It has a wonderful user-friendly interface, and it’s not just about traditional trading. The eToro trading platform has tools and features designed to improve your trading experience. Its Copy Portfolio feature allows you to invest in multiple markets. It has advanced charting tools that offer in-depth market analysis; read this eToro review for more features.
Buy Tesla Stock On eToro
So now you know everything about Tesla and Etotor, let’s go through this step-by-step guide to buying Tesla Stock on eToro.
Step 1: Create an eToro Account
First thing first: head to eToro’s website and sign up. You’ll need to provide some basic information. Kick things off by visiting the eToro website and clicking the “Sign Up” button. You’ll be prompted to complete a form requiring your name, email address, and password. Make sure to choose a strong password for added security.
Step 2: Complete Verification
To ensure eToro is dealing with real people and to comply with legal regulations, eToro requires account verification. You will have to upload identification documents. It can be a copy of your passport or driver’s license and a utility bill or bank statement. This is standard procedure for any regulated broker.
Step 3: Make a Deposit
After you’ve verified your account, it’s time to make that initial deposit. eToro requires a minimum deposit of just $10. However, make sure to have ample funds in your trading account. You can make a deposit via several payment methods, including bank transfer, PayPal, or credit/debit card.
Step 4: Search for Tesla Stock
Once the deposit has been made, you’re all set to buy some Tesla stock on eToro. So, open eToro’s trading platform, head over to the search bar at the top of the screen, and type in “Tesla” or “TSLA,” which is Tesla’s ticker symbol. Click on it to open the stock’s profile.
Step 5: Place Your Order
Last but not least, you’re now ready to buy Tesla stock. Click the “Invest” button, and a pop-up will appear. Here, you can specify the amount you wish to invest. You may set any limits or stops and decide whether you want to leverage your investment. Once you’re satisfied with your choices, hit the “Open Trade” button. Congratulations, you’re now a Tesla shareholder!
Yes! eToro is a highly regulated broker and it ensures the safety of your funds.
You can start with as little as you’re comfortable investing.
The entire process could take less than a day if you’re quick about verification.
No, you can buy Tesla stock from any broker of your choice.
Selling is just as easy as buying. Simply go to your portfolio and click “Sell.”
So, there you have it. This guide provided you with all the information on buying Tesla stock on eToro. Remember, buying Tesla stock is more than just a transaction. It’s an opportunity to be part of something big, different, and futuristic. Moreover, there are good chances of high returns as Tesla continues to move forward and disrupt traditional markets.