How can I invest in Tesla as a Canadian?

There are two main ways for Canadians to invest in Tesla: Buy Tesla stock (TSLA) Invest in an ETF or mutual fund that provides exposure to Tesla To get started, you'll need to open an account with an online trading platform that provides access to the stocks or ETFs you want to trade. In many cases, that means your platform will need to provide access to US stock exchanges.

What is a Tesla bear ETF?

A Tesla bear ETF aims to deliver the opposite return to the price of Tesla stock (TSLA). Also known as an inverse ETF, this type of fund uses derivatives to provide the opportunity to profit from a decline in value of Tesla stock—so if the price of TSLA drops 2%, the value of a Tesla bear ETF unit should increase by 2%.

Is there an inverse Tesla ETF?

Yes, there are inverse Tesla ETFs designed to allow you to profit when the price of Tesla stock (TSLA) goes down. For example, the T-REX 2X Inverse Tesla Daily Target ETF aims to deliver 200% of the inverse of the daily performance of TSLA, while Direxion Daily TSLA Bear 1X Shares (TSLS) aims to deliver 100% of the inverse of the performance of TSLA.

Does Tesla pay dividends to its shareholders?

No. Tesla has never declared dividends on its common stock, opting instead to use its profits to fund future growth.

What is the best ETF that includes Tesla?

There is no single Tesla ETF that is the best choice for everyone. Each ETF with Tesla exposure is designed to meet its own objectives—one might track a stock market index like the Nasdaq 100, while another might be focused on investing in EVs and battery technology. You'll need to check whether an ETF fits your investment goals, time horizon and risk tolerance before deciding if it's right for you.

Is a Tesla 2x ETF risky?

Yes, Tesla 2x or leveraged ETFs come with a very high level of risk. With this type of ETF, any loss you incur when the market moves against you will be doubled. You're also exposed to the volatility of a single stock rather than the diversified benefits of tracking an index of stocks, while Tesla 2x ETFs also come with higher management fees.