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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 4 hours ago

$220.25

+$4.26 (+1.97%)

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. Open a brokerage account. Choose from our top broker picks or compare brokers in depth. Then, complete an application.
  2. Fund your account. Add money to your account via bank transfer, debit card or credit card.
  3. Search the platform by ticker symbol. TSLA in this case.
  4. Choose an order type. Place a market order or limit order with your preferred number of shares or dollar amount.
  5. Submit the order. 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

July 24, 2024: Tesla's share price dipped after it reported weaker-than-expected earnings. Revenue reach $25.5 billion (beating Wall Street estimates of around $24.8 billion) but earnings per share (EPS) of $0.52 fell short of the $0.62 exptectations.

July 17, 2024: Cathie Wood of Ark Investment Management believes that the Tesla share price could see a 10-fold increase if it's able to pull off robotaxis, stating that the autonomouse taxi industry could be worth up to $10 trillion as an industry.

July 15, 2024: Shares of Tesla rose Monday, retracing some of last week’s selloff that followed reports of a planned delay for the electric-vehicle company’s Robotaxi Day, but gave back most of the gains at the end of the session, according to MarketWatch.

July 3, 2024: Tesla's share price surged by over 10% after the EV company announced that it delivered 443,956 vehicles in its quarterly report, beating Wall Street estimates.

July 2, 2024: Analysts at Wells Fargo maintained an Underweight rating on Tesla and a price target of $120. Meanwhile, analysts at Cantor Fitzgerald reiterated an Overweight rating and a price target of $230, according to Benzinga.

Is it a good time to buy Tesla stock?

Review technicals and fundamentals to help you determine if now's a good time for you to invest.

Technical analysis

View Tesla's price performance, share price volatility, historical data and technicals.

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

Historical closes compared with the last close of $220.25

1 week (2024-07-18)-7.92%
1 month (2024-06-25)12.16%
3 months (2024-04-25)30.88%
6 months (2024-01-25)20.19%
1 year (2023-07-25)-16.68%
2 years (2022-07-25)-71.64%
3 years (2021-07-25)-66.51%
5 years (2019-07-25)-3.42%

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 64x. In other words, Tesla's stocks trade at around 64x 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 2.9818. 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 $12.3 billion ($16.9 billion CAD).

The EBITDA is a measure of 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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