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How to buy Tesla stock in Canada

Learn how to buy Tesla stock in 6 easy steps.

Tesla
NASDAQ: TSLA-USD
About 7 hours ago

$144.61

+$2.56 (+1.8%)

Tesla is a global electric car maker and clean energy company headquartered in Austin, Texas. Founded in 2003, Tesla designs and produces electric vehicles and energy generation and storage products, including solar panels and at-home charging stations. Its network of 45,000+ Superchargers is the largest network of fast-chargers in the US.

Co-founded and led by billionaire Elon Musk, Tesla is currently the most valuable car brand worldwide. In addition to its lineup of sedans and SUVs, Tesla's future vehicle models include the Tesla Cybertruck, Tesla's version of a pickup truck, and its upcoming fully electric semi truck, dubbed Tesla Semi. Tesla (TSLA) stock launched on the NASDAQ in 2010 and its share price has since experienced massive growth.

How to buy shares in Tesla

  1. Choose a platform. If you're a beginner, our stock trading platform picks below can help you choose.
  2. Open your account. Provide your personal information and sign up.
  3. Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for stock code: TSLA in this case.
  5. Research stocks. The platform should provide the latest information available.
  6. Buy your stocks. Place a market order or limit order with your preferred number of shares. It's that simple.
The whole process can take as little as 15 minutes. You'll need a smartphone or computer, an internet connection, your passport or driving licence and a means of payment.

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Latest updates for Tesla

April 22, 2024: Tesla shares are down by over 7% this past week but showing signs of a slight recovery ahead of its latest earnings report, where eagle-eyed investors will be looking for a concrete update on demand, guidance and a product roadmap.

April 15, 2024: Elon Musk has announced plans to cut around 14,000 jobs at Tesla due to a slowdown in sales for the first time in 4 years for the electric vehicle (EV) company. This will be the biggest round of layoffs in Tesla's history.

April 11, 2024: Wells Fargo analysts said in a note Friday that they expect Tesla to miss first-quarter expectations when it reports on April 23, according to Investing.com.

April 1, 2024: Tesla shares are tumbling 7% in premarket trading Tuesday after the company posted delivery figures that fell well short of Wall Street expectations, according to MarketWatch.

March 27, 2024: Wedbush analyst Daniel Ives maintained an Outperform rating on Tesla, with an updated price target of $300 (down from $315), according to Benzinga.

Is it a good time to buy Tesla stock?

Only you can make the decision on the time to leap... but here's some supporting information and analysis.

Use our graph to track the performance of TSLA stocks over time.

Share price volatility

Over the last 12 months, Tesla's shares have ranged in value from as little as $152.37 up to $299.29. A popular way to gauge a stock's volatility is its "beta".

TSLA.US volatility(beta: 2.44)Avg. volatility(beta: 1.00)LowHigh

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 2.441. This would suggest that Tesla's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Historical closes compared with the last close of $144.61

1 week (2024-04-16)-6.97%
1 month (2024-03-21)-15.35%
3 months (2024-01-23)-30.42%
6 months (2023-10-23)-33.21%
1 year (2023-04-23)-11.04%
2 years (2022-04-21)-85.61%
3 years (2021-04-22)-80.17%
5 years (2019-04-23)-44.09%

The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.

Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.

Is Tesla under- or over-valued?

Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Tesla P/E ratio, PEG ratio and EBITDA

Tesla's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 37x. In other words, Tesla stocks trade at around 37x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Tesla's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.6327. Higher PEG ratios such as this can be interpreted as meaning the shares offer worse value given the current rate of growth.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Tesla's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.

Tesla's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $13.6 billion ($18.5 billion CAD).

The EBITDA is a measure of a Tesla's overall financial performance and is widely used to measure a its profitability.

Frequently asked questions

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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