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How to buy Tesla stock in Canada
Learn how to buy Tesla stock in 5 easy steps.
How to buy Tesla stock
- Choose a stock trading platform. Use our comparison table or choose from our Top Picks below.
- Open an account. Provide your personal information and sign up.
- Fund your account. Deposit funds unto your account by linking your banking information or transfer funds from another trading account.
- Search for the stock name – TSLA. Search for the stock by name or ticker symbol.
- Buy the stock. Place your order. It's that simple.
Our top picks for where to buy Tesla stock
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What is Tesla?
Tesla (TSLA) is a global electric car maker headquartered in the US and lead by the enigmatic CEO Elon Musk. Founded in 2003, the company is best known for its popular electric vehicle range, batter storage technology and solar panel solutions. TSLA listed on Wall Street’s NASDAQ stock exchange in 2010 and its share price has since seen enormous growth.
News update: March 2, 2023
- Tesla shares fell 6% after Tesla’s investor day event, where CEO Elon Musk emphasized efficiency and cost-cutting.
- Musk commented on sustainable energy but didn’t offer any specifics on new products or services.
- According to several analysts, the company still seems poised to meet the growing demand for electric vehicles so it maintains a buy rating.
Tesla stock price
Tesla price performance over time
Historical closes compared with the close of $213.97 from 2023-06-01
| 1 week (2023-05-26) | 10.77% |
|---|---|
| 1 month (2023-05-02) | 33.47% |
| 3 months (2023-03-02) | 12.08% |
| 6 months (2022-12-02) | 9.81% |
| 1 year (2022-05-29) | N/A |
|---|---|
| 2 years (2021-06-02) | -64.64% |
| 3 years (2020-06-02) | 881.56 |
| 5 years (2018-06-01) | 291.82 |
Buy Tesla stocks from these online trading platforms
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Alternative ways to invest in Tesla
Buying stocks in just one company can leave you more exposed to unexpected swings in the market than if you have a range of investments otherwise known as a diversified portfolio. Experts generally recommend having a broad mix of assets and funds on the basis that drops in the value of some will be offset by rises elsewhere.
This means that it’s generally a good idea to invest in exchange traded funds (ETFs) or index funds like the S&P 500 to expose yourself to a variety of companies and industries. The good news is that Tesla is a major part of the NASDAQ index, so it’s included in many global funds and investment trusts like the S&P 500, as well as ETFs.
Related Best ETFs in the US of 2023
Is Tesla stock undervalued or overvalued?
Valuing Tesla stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Tesla's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Tesla financials
| Revenue TTM | $86 billion |
|---|---|
| Operating margin TTM | 14.82% |
| Gross profit TTM | $20.9 billion |
| Return on assets TTM | 10.43% |
| Return on equity TTM | 27.99% |
| Profit margin | 13.66% |
| Book value | $15.16 |
| Market capitalisation | $637.6 billion |
TTM: trailing 12 months
Tesla share dividends
We're not expecting Tesla to pay a dividend over the next 12 months.
Have Tesla's shares ever split?
Tesla's shares were split on a 3:1 basis on 24 August 2022. So if you had owned 1 share the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your Tesla shares – just the quantity. However, indirectly, the new 66.7% lower share price could have impacted the market appetite for Tesla shares which in turn could have impacted Tesla's share price.
Tesla share price volatility
Over the last 12 months, Tesla's shares have ranged in value from as little as $101.81 up to $314.6667. 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 2.0028. This would suggest that Tesla's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Tesla in the news
Elon Musk Praises Quality of Made in China Teslas, Exxon Eyes Double Output With New Fracking Tech, Netflix Shareholders Vote Against Fat Exec. Pay: Today's Top Stories
Elon Musk Reclaims Title of World's Richest Man: Here's How Much Of His Wealth Is In Tesla Stock
Millennials' Top Stock Is Up 192% — And You've Never Heard Of It
Frequently asked questions about Tesla (TSLA)
Tesla overview
Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. It operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, retail merchandise, and vehicle insurance services. This segment also provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, and in-app upgrades; purchase financing and leasing services; services for electric vehicles through its company-owned service locations and Tesla mobile service technicians; and vehicle limited warranties and extended service plans. The Energy Generation and Storage segment engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities through its website, stores, and galleries, as well as through a network of channel partners; and provision of service and repairs to its energy product customers, including under warranty, as well as various financing options to its solar customers. The company was formerly known as Tesla Motors, Inc.
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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