Thinking of investing in Tesla shares, but not sure how to go about it? To acquire TSLA shares, it is necessary to use a platform specialized in the purchase of financial products. We offer you our complete guide to buying Tesla shares in an easy and effective way.
Where to buy Tesla (TSLA) stock?
Thinking about investing your Tesla stock money, but not sure how? To buy Tesla stockit is wise to use a platform specialized in the purchase of financial securities.
Several brokers or brokers make it possible to acquire TSLA shares. Here is our choice.
| Platform | Costs | Pay dividends? |
| eToro | No fees, but presence of a spread | According to actions |
| Trade Republic | €1 per operation | According to actions |
| XTB | No fees, but presence of a spread | According to the actions and takes a commission |
| Degiro | Between €1 to €3 per transaction depending on the stock market | Only for shares listed in Europe |
Simplicity of use, guaranteed security and above all subject to French regulations, the eToro platform is recommended for beginners and will be able to meet all your expectations for the purchase of Tesla shares.
To acquire TSLA shares via eToro, you must open an account on the platform, deposit capital and proceed with the purchase of the volume of Tesla shares you covet.
Buy shares on eToro
CFDs are complex instruments and come with a high risk of losing money quickly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You need to know if you understand how CFDs work and if you can afford to lose your money. (find out more)
Launched in 2017, the eToro platform is a pioneer in the field of online trading. It offers the opportunity to invest in a wide range of financial assets, including stocks, ETFs, Forex, commodities and even cryptocurrencies.
eToro’s brokerage services are provided by eToro Europe, a company registered in Cyprus. This allows it to provide cryptocurrency-related services that are fully compliant with applicable legislation for French residents.
eToro is renowned for its copy trading feature, which allows anyone to reproduce the operations of other users. Although this function may be attractive for beginners, it is always recommended to make your own decisions in terms of portfolio management. This user-friendly platform is perfect for novices and those looking to diversify their investments.
Acquiring TSLA shares via eToro is relatively simple :
- Create an account on the platform;
- Pay euros into this account;
- Buy TSLA shares in just a few clicks.
If you’re considering using eToro to buy Tesla stock, here’s how to create an account on the platform and how to easily buy TSLA stock.
How to open an account on eToro?
To create an account with the broker eToro, click on the button below (affiliate link). Then, once on the main eToro page, click on the “ start investing » located at the bottom left:
Buy shares on eToro
CFDs are complex instruments and come with a high risk of losing money quickly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You need to know if you understand how CFDs work and if you can afford to lose your money. (find out more)
Once redirected to the eToro registration page, you have the option to register using your Facebook or Google (Gmail) account. You can also opt for a more classic registration by providing a pseudonym, an e-mail address and a strong password.
To complete your registration on the eToro platform and buy Tesla shares, you must now submit additional information concerning your identity: present an identity document, have a telephone number validated, answer a short questionnaire. eToro respects French laws, so this is an essential step.
Need more detailed instructions? Here is our complete guide to opening an account on eToro
How to fund your eToro account to buy Tesla shares?
Now that your eToro account is active, you have to deposit euros in order to buy Tesla shares. To do this, click on the ” Deposit of funds which is located at the bottom left of the platform dashboard:
Before proceeding, please note that your balance on eToro will be displayed in US dollars and that all transactions are conducted in this currency. Don’t be alarmed, your euros will be automatically converted into US dollars.
To fund your eToro account, you have two options: bank transfer or payment by credit card. To guide you in your choice, here are the particularities of each payment method on eToro:
| Bank card | Bank transfer | |
| Minimum amount (1st deposit) | $100 | $500 |
| Exchange rate | Less advantageous | More advantageous |
| Execution | Instant | 4 to 7 business days |
Do you need help funding your eToro account? To find out how, click on the tag corresponding to your payment method:
Buy shares on eToro
CFDs are complex instruments and come with a high risk of losing money quickly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You need to know if you understand how CFDs work and if you can afford to lose your money. (find out more)
Do you now have euros available in your eToro account? You can now buy TSLA shares with just a few clicks. Just enter ” You’re here ” Or ” TSLA » in the search bar and click on « invest “.
A new tab will open on eToro showing the price of one TSLA share, which here is $217.63. You can specify the amount you wish to invest, for example $500, then click on “ Place an order to buy TSLA shares on eToro!
You now own a Tesl share CFDTo. This means that you don’t actually own TSLA shares, but follow the fluctuation of the stock’s price in the markets.
If you are taking your first steps in the world of cryptocurrencies, it is recommended not to use leverage. Keep the x1 setting to prevent risks associated with this trading instrument.
It is crucial to point out that although eToro displays an amount in dollars, you can place an order using your euros on the platform. These will be automatically converted for this transaction.
What relationship does Tesla have with Bitcoin and crypto?
In February 2021, Tesla has made a $1.5 billion investment in Bitcoinwhich has caused a strong demand for the cryptocurrency.
Meanwhile, shortly after formalizing its acceptance of Bitcoin as payment for its cars, Tesla reversed its decision, citing concerns about the climate impact of Bitcoin mining.
However, during the 2nd quarter of 2022, Tesla has sold 75% of its BTC, worth about $936 million. To justify this operation, the CEO of Tesla Elon Musk explained to the shareholders that the company had to strengthen its holdings in fiat currency.
In addition to his involvement in Bitcoin, Tesla is also close to Dogecoin (DOGE), the famous favorite memecoin of Elon Musk. Although this cryptocurrency is often mocked for its uselessness, Tesla accepts DOGE as payment for its accessories.
Tesla is therefore one of the companies most involved in the world of cryptocurrencies, in particular Bitcoin. Moreover, Tesla Actively Involved in Building Solar-Powered Bitcoin Mining Farm in Texas.
Buy shares on eToro
CFDs are complex instruments and come with a high risk of losing money quickly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You need to know if you understand how CFDs work and if you can afford to lose your money. (find out more)
Frequently Asked Questions About Tesla Stock
What is Tesla?
A leader in its field, Tesla is an American company founded in 2003 specializing in the manufacture of electric vehicles.
Who are Tesla’s main competitors and how do they affect the stock price?
Tesla’s main competitors include traditional automakers like General Motors, Ford, and Volkswagen, all of which have major initiatives in electric vehicles. There are also newer companies like Rivian and Lucid Motors that focus solely on electric vehicles. These competitors may affect TSLA’s stock price by introducing new products or making technological advances.
Does Tesla pay dividends?
Tesla does not pay dividends to holders of TSLA stock. Profits from the business are reinvested in the development and expansion of the business.
Is it worth buying TSLA stock in 2023?
Here is a summary of Tesla’s activities and plans in 2023: Tesla has started initial production of the Cybertruck and expects to deliver a few units by the end of 2023. Tesla has presented a redesign of the Model 3, called “Project Highland”. Tesla continues to ramp up vehicle production at the Gigafactories in Texas and Berlin. In addition, production of the Semi, an electric truck, has started. It would be wise for you to conduct a detailed analysis on Tesla to determine whether acquiring TSLA stock in 2023 is a wise investment choice or not.
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