How to Buy Tesla shares in Australia [2024]

How to buy Tesla stock in 5 steps

To buy Tesla stock, you'll need to get started by creating your own investing account. Start investing in Tesla in five easy steps:

1. Open an investing account with Stake

To buy Tesla stock in Australia, you’ll need to sign up to an investing platform with access to the U.S. stock market. Join 500k+ investors on Stake to be able to purchase shares in $TSLA.

2. Fund your account

Once your account has been created you can fund it with a bank transfer, debit card or even Apple/Google Pay.

3. Search for Tesla, Inc. or TSLA

Find the asset by name or ticker symbol. Do your own research to ensure it is the right investment product for your own circumstances.

4. Buy TSLA stock

Buy on any trading day using a market order or limit order to delay your purchase of the asset until it reaches your desired price. You may wish to look into dollar cost averaging to spread out your risk, which smooths out buying at consistent intervals.

5. Monitor your investment

Once you own the asset, you should keep an eye on its performance. Check your portfolio regularly to ensure your investment is aligning with your financial goals.

✅ Set up a recurring investment in Tesla, a stress-free way to invest for the long-term.

Tesla, Inc. company overview

Tesla, Inc. is an American multinational automotive and clean energy company headquartered in Austin, Texas. Founded in 2003, Tesla is known for its electric vehicles, battery energy storage systems, solar panels, and solar roof tiles. The company's mission is to accelerate the world's transition to sustainable energy.

Tesla produces and sells a range of electric vehicles, including sedans (Model S and Model 3), SUVs (Model X and Model Y), and a cybertruck (Cybertruck). The company also offers energy storage products for homes, businesses, and utilities, as well as solar panels and solar roof tiles. Tesla generates revenue primarily from the sale of its electric vehicles, but also from the sale of regulatory credits to other automakers.

Tesla share price performance

Tesla is [dailypricepercentagechange] as of [date].

[INSERT CHART HERE]

Tesla trade activity on Stake

Check out the popularity of $TSLA below with Stake investors.

• Trades: [trades]
• Watchlists: [watches]
• Views: [views]

Data as of [date].

Key metrics for Tesla

Get a breakdown of Tesla financial metrics.

Data updated as of [date].

How to sell Tesla shares?

Selling shares is a very similar process to buying shares if you already hold the shares in your Stake account. Follow the steps below in order to sell Tesla shares.

1. Go to your Holdings and click on the Tesla shares you wish to sell
2. Select Sell
3. Choose the order type you want to use including limit, market or stop order. Enter in the number of shares/dollar value and the desired price (if applicable)
4. Review your sell order
5. Follow the prompts to submit your order

Watch this video below to see how seamless it is to buy and sell your shares on Stake.

[Implement the ability to embed videos on this block on landing page content type][https://www.youtube.com/watch?v=j2sqfzYJ1fk]

Is it a good time to buy Tesla?

Tesla can be a good investment for some investors, but not for everyone. It’s essential to understand that all investments can come with risks and may not fit within everyone’s investment strategy.

Before investing in $TSLA do your own research and consider the company's financial health, future prospects, the current market conditions and whether or not it aligns with your investment strategy before making any investment decisions.

What are some similar stocks to Tesla?

Here are some examples of stocks in the same industry as Tesla:

• Rivian Automotive Inc. ($RIVN): An American electric vehicle automaker and automotive technology company. Rivian designs, develops, and manufactures electric vehicles and accessories.
• Lucid Group Inc. ($LCID): An American automotive company specialising in electric vehicles. Lucid Air, the company's first car, is a luxury sedan with an EPA-estimated range of up to 516 miles.
• Nio Inc. ($NIO): A Chinese multinational automobile manufacturer headquartered in Shanghai, specialising in designing and developing electric vehicles. Nio offers a range of premium smart electric SUVs and sedans.
• BYD ($BYDDY): A Chinese multinational manufacturing company that is rapidly expanding in the electric vehicle industry, with a focus on innovation and sustainability. The company sold over 3 millions cars in 2023.

What are some ETFs that hold Tesla?

Check out these ETFs that have [ticker] as one of their holdings and more exposure to the related industries:

• Consumer Discretionary Select Sector SPDR Fund ($XLY): This ETF seeks to track the performance of the Consumer Discretionary Select Sector Index, which includes companies from industries such as automobiles, household durables, and textiles & apparel.
• ARK Innovation ETF ($ARKK): This actively managed ETF aims to invest in companies that are expected to benefit from disruptive innovation in areas like DNA technologies, energy storage, robotics, and artificial intelligence.
• Vanguard Consumer Discretionary ETF ($VCR): This ETF seeks to track the performance of the MSCI US Investable Market Consumer Discretionary 25/50 Index, which includes companies from industries such as automobiles, household durables, and leisure products.
• Invesco QQQ Trust ($QQQ): This ETF mirrors the Nasdaq-100 Index, encompassing 100 of the largest non-financial companies listed on the Nasdaq. Ideal for diversified exposure to cutting-edge tech and innovation-driven sectors.

This is for information purposes only and is not a recommendation to invest in the securities listed. Such information is not intended to constitute financial advice and no agency or advisory relationship is created between you and Stake as a result of having access to or using the Information. This information does not take into account your personal objectives, financial situation or needs. You agree that neither Stake nor any third party provider is responsible for any investment decisions or for any damages or other losses resulting from the use of the Information. As always, do your own research before making any investment decisions and consider seeking advice from a licensed financial adviser. No representation or warranty is made as to the timeliness, reliability, accuracy or completeness of the material and Stake does not accept any responsibility arising from errors in, or omissions from, the data. Past performance is not a reliable indicator of future performance.