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 .
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 .