Investing in Tesla Stock on eToro: A Guide to Trading Tesla Stocks 

Lois Zaytsaw
Lois Zaytsaw Finance
5 Min Read

When it comes to Tesla’s shares opinions in the stock market are sharply divided . However there is no denying that Elon Musk has successfully transformed the company into the world’s leading electric vehicle manufacturer . As a result Tesla’s shares have been on a remarkable upward route and deliver generous gains to its investors .

In 2021 alone Tesla’s stock price experienced a 20 % drop from its 52-week high in January . Yet over the past 12 months the stock has still managed to surge by an impressive 340 % . This sustained growth has propelled Tesla to new heights which solidified its position as a leading player in the market .

If you are interested in investing in Tesla and want to learn more about trading its shares eToro provides an avenue to do so . Let’s delve into the details of how you can invest in this renowned electric vehicle maker using eToro .

investing in tesla stock on etoro a guide to trading tesla stocks
investing in tesla stock on etoro: a guide to trading tesla stocks  63

A Brief History of Tesla Motors

Tesla Motors was founded in July 2003 in San Carlos, California by Martin Eberhard and Marc Tarpenning . Ian Wright joined a few months later and became the company’s third employee . In early 2004 the team sought venture capital funding and connected with Elon Musk who invested $6 .5 million in the first round . Musk soon took on the role of chairman of the board of directors .

From the start Musk emphasized Tesla’s vision of manufacturing affordable electric vehicles that would appeal to the mass market . The company initially focused on developing premium sports cars targeted at early adopters before transitioning to mainstream vehicles .

Tesla’s growth has been remarkable with several milestones achieved along the way . In September 2017 Tesla released its 250,000th vehicle and by February 2018 it reached the production of its 300,000th vehicle . The company surpassed global sales of 500,000 units in December 2018 . In 2019 Tesla experienced a 50% increase in vehicle sales manufacturing a total of 367,849 units . On March 9 2020 Tesla produced its 1,000,000th electric car .

Investing in Tesla: Opportunities and Considerations

As Tesla continues to demonstrate its growth potential traders are willing to overlook its high valuation as long as the company sustains its upward trajectory . It is worth noting that the Relative Strength Index (RSI) currently indicates that the stock is very overbought which suggests a possible pullback . However there remains significant upside potential for Tesla especially in light of the recent massive order of 100,000 electric cars from Hertz .

eToro provides a trading page dedicated to Tesla, offering a Research tab where you can access forecasts based on market analysts’ consensus . Additionally you can view details about the recent activities and sentiments of ranked TSLA share traders . The platform also displays price targets based on ratings issued by 25 ranked analysts over the past three months .

How to Buy Tesla Stocks on eToro

In order to invest in Tesla stocks through eToro follow these simple steps:

Log in to your eToro account or create a new one if you don’t have an account yet . Use the search bar to enter Tesla or TSLA and locate the Tesla result under the Markets category . Click on the corresponding Trade button . Enter the desired amount you wish to invest and set parameters like stop-loss, leverage and take-profit according to your trading preferences . Click Open Trade to execute your investment .

eToro offers a user friendly and accessible way to invest in Tesla stocks . With non-leveraged buy positions you can directly buy and sell real Tesla shares on the platform . Additionally eToro provides the advantage of zero commission stock investing which makes it a cost effective option for investors .

Another alternative is through CFD trading which allows you to take a position on Tesla stocks without actually owning the underlying asset . CFD trading offers flexibility of leverage investors to gain exposure to the market with a smaller initial investment known as margin .

By following the steps above you can take advantage of the opportunities presented by Tesla’s stock and start building your investment portfolio . Remember to conduct thorough research, analyze market trends and make informed trading decisions .

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Lois Zaytsaw
By Lois Zaytsaw Content Editor, Financial Writer
Meet Lois, a dynamic Crypto, Blockchain, and Finance Writer/Journalist based in the bustling metropolis of New York City. With a passion for technology and a keen understanding of finance, Lois has been covering the latest developments in the world of cryptocurrency and blockchain for several years. Her insightful articles have been featured in numerous leading publications, including The Wall Street Journal, Bloomberg, and CryptoBriefing. Lois' fascination with blockchain and cryptocurrency began during her time as a student at university, where she studied economics and computer science. She was drawn to the disruptive potential of blockchain technology to revolutionize the traditional financial industry, and since then, she has been following the latest trends and innovations in the space.
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