A popular strategy to acquire wealth and gain access to the revenues of well-known companies is through investing in stocks. There are a lot of options available in the market. However, several international investors have expressed interest in Tesla, the market leader in electric vehicles and clean energy, and planning to buy Tesla stock on eToro.
And it’s obvious. Most of the credit goes to the name behind this amazing company, Elon Musk.
By seeing his track record it feels like Tesla is just getting started.
Also, sustainable solutions and clean energy are gaining popularity with every passing day.
As per the experts, it is the new future of automobiles.
So, in case you are also thinking of buying Tesla stock, you can opt for that; but obviously with proper understanding.
Taking several stock buying options in the market you won’t be having any trouble regarding that as well.
However, the broker eToro has started quite a revolution in this field.
Here, in this article, I will guide you on “How To Buy Tesla Stock on eToro?”
Now, without wasting any more time, let’s jump into the main topic.
But first, let’s have a quick look at what Tesla storks actually are.
Table of Contents
What Are Tesla Stocks?
Elon Musk founded the American electric vehicle and clean energy company Tesla Inc., and Tesla stocks are ownership stakes in that business.
Tesla has revolutionized the automotive sector and is at the forefront of sustainable energy solutions as one of the most significant and inventive businesses in the world.
Buying Tesla stock enables investors to benefit from the expansion and prosperity of the business.
A Brief History
Once upon a time in 2003, Tesla Motors was born in California, thanks to Martin Eberhard and Marc Tarpenning.
Ian Wright soon joined the team, making it the three musketeers of the company.
In 2004, they needed funding, and that’s when Elon Musk stepped in with a whopping $6.5 million investment and became the big boss as the chairman.
Right from the start, Tesla had a grand vision: to create electric vehicles that everyone could afford and love.
They started with fancy sports cars for the early fans and later shifted to more mainstream cars.
Tesla’s hard work paid off, and they hit major milestones.
By September 2017, they had released 250,000 vehicles, and just a few months later, in February 2018, they reached 300,000 vehicles produced.
By December 2018, they had sold over 500,000 units worldwide.
2019 was a great year too, with Tesla selling a whopping 367,849 cars, which was a 50% increase from the previous year.
Then, on a special day in March 2020, they made their one-millionth electric car.
Quite an electrifying achievement!
And so, the story of Tesla continues, making strides in the world of electric vehicles.
The end is nowhere in sight for this electrifying adventure!
Requirements For Opening An eToro Brokerage Account
eToro is a user-friendly platform, and opening an account and buying stock using it is super easy.
So, if you want to buy Tesla stock on eToro you will not have any issue regarding that, as the complete guide mentioned below.
But before starting with the procedure let’s have an idea about the financial and personal information you need to provide on eToro.
As a part of signing up along with verification of your eToro account, you need to provide the following personal information.
- Your name.
- Your address.
- Your birthplace.
- Your citizenship.
It will be best if you keep your government ID or passport number handy.
When you are opening an account, you will also need to provide some of your financial details like the following.
- Bank account information.
- Risk tolerance.
- Purpose of trading.
- Preferred frequency of trading.
- Trading knowledge.
How To Buy Tesla Stock On eToro: A Complete Guide
What is eToro?
Users can trade a variety of financial items, such as equities, cryptocurrencies, commodities, and more, on the famous social trading site eToro.
Since its launch in 2007, eToro has won praise for its intuitive user interfaces and cutting-edge functions, like social trading and copy trading.
With millions of users registered globally, eToro offers a safe and regulated setting for people to participate in a range of markets.
Users can trade a variety of financial items, such as equities, cryptocurrencies, commodities, and more, on the famous social trading site eToro.
Since its launch in 2007, eToro has won praise for its intuitive user interfaces and cutting-edge functions, like social trading and copy trading.
With millions of users registered globally, eToro offers a safe and regulated setting for people to participate in a range of markets. Here is the guide on how you can buy Tesla stock on eToro.
Step 1: Open An Account With EToro
First, you need to create an eToro account in order to proceed. Click the “Sign Up” button while you are on the eToro website.
Enter your name, email address, and password after agreeing to the terms of service.
To continue, click “Create Account”.
Step 2: Complete Your Profile
So, your eToro account has now been created.
It is time to complete your profile.
Providing the necessary personal information and financial background This step is crucial for compliance and ensuring a secure trading environment.
Step 3: Verify Your Identity
Users of eToro must confirm their identities in order to comply with regulatory obligations.
Upload a genuine passport or ID card together with your address evidence.
Normally, the verification procedure takes a few minutes to several hours.
Step 4: Fund Your Account
Your eToro account needs to be funded before you proceed with buying Tesla shares.
Choose your favorite payment option and click the “Deposit Funds” button.
eToro allows a number of methods, including e-wallets, bank transfers, and credit/debit cards.
To finish the transaction, enter the required sum and adhere to the prompts.
Step 5: Search For Tesla Stock
When your account is funded, use eToro to look for Tesla stock.
In the search box at the top of the screen, type “Tesla” or the ticker “TSLA.” Choose the appropriate result from the search results.
Step 6: Examine Tesla’s Resume
Here, I will recommend you review Tesla’s eToro profile before making a purchase.
Examine important details including the stock’s performance, price development, and most recent news.
Learn about Tesla’s operations, future growth, and variables that could affect its stock price.
Step 7: Buy Tesla Stock On eToro
When you’re ready to buy Tesla stock, click on the “Trade” button on the Tesla stock page.
This will take you to the order placement screen.
Select the amount you want to invest, set stop loss and take profit levels (optional), and choose whether to buy at the current market price or set a specific price.
Step 8: Monitor Your Investment
Only buying stock is not enough. Regularly checking on your investment is crucial as well.
To keep you informed, eToro offers real-time charts, performance indicators, and news updates.
Make informed decisions about how to manage your investment using all this information.
Step 9: Consider Copy Trading
When you are using a platform like eToro it is best to utilize most of their benefits.
eToro offers a unique feature called Copy Trading, which allows you to replicate the trades of successful investors.
If you’re new to investing or want to learn from experienced traders, explore and select top-performing Tesla investors on eToro to automatically copy their trading activities.
This can be a valuable learning experience and potentially improve your investment outcomes.
Step 10: Review and Adjust Your Strategy
Investing in stocks like Tesla requires a long-term perspective.
Regularly reviewing your investment strategy, assessing your goals, and making any necessary adjustments are important.
Also, ensure that you are staying updated with Tesla’s developments, earnings reports, and industry trends.
Continuous evaluation will help you make informed decisions and optimize your investment over time.
Benefits Of Buying Tesla Stock On eToro
It is great that you are thinking about buying Tesla stock on eToro.
But, in case you are just opting for eToro because you’ve heard about it from one of your investor friends, let me tell you don’t.
It is important to know about the thing that you are dragging yourself into.
So, here I am to tell you about the advantages of using eToro for buying Tesla stock.
Safe and Secure Platform
It is a secure and regulated site. That means you can sleep peacefully knowing that your money is secure and safe.
Option of Fractional Shares
All investors can not afford to buy a whole share of a company.
With eToro you can spend as little as $50 to purchase a fraction of a share of a company’s stock.
User-Friendly
If you are a beginner and do not have much experience in investment, you will not have any issues.
The intuitive interface of eToro makes buying and selling stock super easy for you.
Access To The Global Market
eToro gives you access to a global market
That means it doesn’t matter which part of this world you are in right now, you can buy Tesla stock through this platform.
You May Like Also: Buy Apple Stock Prices on eToro
Frequently Asked Questions (FAQs)
I believe, after going through this article, you got the information you were looking for regarding “How to buy Tesla stock on eToro.”
In case you have any further doubts or queries feel free to leave that in the comment section.
Till then, here, I am answering some of the most common questions that a lot of people have asked me when they think of buying Tesla stock on eToro.
Q1: Can I Sell My Tesla Stock on eToro?
Ans: Yes, you can sell your Tesla stock on eToro.
Simply navigate to the Tesla stock page and follow the instructions to place a sell order.
Q2: Are There Any Fees Associated With Buying Tesla Stock on eToro?
Ans: eToro charges fees related to trading activities, including buying and selling stocks.
The fee structure may vary, so it’s important to review eToro’s fees before making any transactions.
Additional charges such as spreads and overnight fees may apply.
Q3: Buying Fractional Tesla Stock on eToro – Is It Possible?
Ans: Yes, eToro allows you to buy fractional shares.
Even if you don’t have enough funds for a whole share, you can invest a smaller amount and own a fraction of a share.
Fractional shares make investing more accessible and enable portfolio diversification.
Q4: Is eToro a safe platform for buying stocks?
Ans: Yes, eToro is a reputable and regulated platform that prioritizes user safety and security.
It implements advanced security measures and encryption technologies to protect user data and funds.
eToro operates under the supervision of financial authorities, ensuring compliance with regulatory standards.
Q5: Can I use eToro’s social trading features for Tesla stock?
Ans: Absolutely! eToro offers social trading features that allow users to interact with other investors, follow their strategies, and even copy their trades.
Engage with the eToro community to gain insights from experienced traders and enhance your trading experience.
Conclusion
The procedure of purchasing Tesla stock on eToro is simple and may be completed by adhering to these instructions.
Create an eToro account, fill out your profile, add money to the account, and then use the user-friendly interface to buy Tesla stock.
Always do your homework, keep up with market movements, and handle your investments carefully.
Start your investment journey on eToro and take advantage of the chance to invest in one of the most cutting-edge businesses of the modern era.
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