Since going public in 2010, Tesla has become a budding investment. It is no surprise that you want to get a piece of it. If that is the case, you just came to the right place.
Where to buy Tesla Shares
Here are some factors to consider when finding a broker:
- The broker should be recognized and licensed in Australia to offer financial assets
- The broker should be offering the Tesla shares (TSLA) you specifically want
Best Online Brokers for Tesla stock trading
Finding the best broker for Tesla stock trading in Australia is an uphill exercise. If you are an Australian investor looking to pursue this trade, worry not. Here are the best-tested brokers you can go with:
1. Plus500
Plus500 is your best bet if you’re looking to invest in Tesla stock. This international firm headquartered in Israel doesn’t limit you to particular shares. It also deals with various CDFs. It has a subsidiary in Australia that is regulated and licensed to offer online trading services.
With Plus500 you are assured of high-quality services. Through its mobile trading platform, you can make online trades easily at your comfort.
Besides, Plus500 gives you a free demo feature. Here you can familiarize yourself with the platform and the services provided at no charges at all.
Plus500 deals with over 50 currency pairs. Complimented with access to different markets, you can trade your Tesla shares conveniently.
2. HighLow
HighLow is based in Australia and licensed by the Australian Securities and Investments Commission. As such, you can be guaranteed it offers reliable services. HighLow provides a wide range of options on various assets.
The firm specializes in foreign exchange and derivatives brokerage. It is a viable option for you if you’re looking to invest in Tesla shares. It is worth noting that the National Australia Bank is a bank partner to HighLow.
If you don’t want to actually buy Tesla shares, you can opt for a CFD through HighLow.
For convenience online share trading, you can use HighLow’s mobile platform application. Just like the web platform, the mobile app gives you access to real-time trades. It is fast and secure to use.
If you are a first-time investor, HighLow also has a demo to help guide you.
3. eToro
Regulated in Australia through a subsidiary, this Israel brokerage firm gives you transparency in fees and various brokerage charges that you incur trading in shares. Transparency and credibility are important aspects to investors, and as such, eToro is a reliable broker.
eToro offers various assets to investors venturing into online share trading. The firm affords you access to NASDAQ on business days. eToro’s trading software has a unique feature that lets you see and even copy what other traders are doing.
Why should you buy Tesla Shares?
Tesla has previously experienced stock decline many times albeit being an acclaimed brand. In the past 8 years, Tesla has taken a dip about 9 times. At some point, the company even lost a third of its value.
The company has managed to recover from all these setbacks. On the bright side, this makes Tesla a profitable venture. Backed by the fact that Tesla shares are volatile, you can profit by playing ‘Buy Low, Sell High’.
You can invest in the stock when the company takes a plunge. After a short period, you then sell when the prices rise. As this is a risky play, it is not ideal for all traders. Tesla shares are perfect for investors who intend to buy and sell on short notice.
Although Tesla’s stock volatility drives away investors, it is worth noting Tesla has had a massive growth in revenue. Since the company went public, it has witnessed double and triple gains in overall value.
Here is a break down of how Tesla has performed in the last 4 years
| 2015 | 2016 | 2017 | 2018 | |
| REVENUE (B $) | 4.046 | 7.0 | 11.759 | 21.461 |
| OPERATING
INCOME (M $) |
716.6 | 667.3 | 1,630 | 388 |
| NET INCOME
(M $) |
889 | 675 | 1,961 | 976 |
| TOTAL ASSETS
(B $) |
8.070 | 22.66 | 28.66 | 29.74 |
Ways of buying Tesla Shares in Australia
Tesla shares in Australia can be purchased from licensed brokers or investment banks. They can be bought as assets or CFD through a broker. Of the two, buying shares as assets is more costly.
A CFD can be viewed as obtaining a ‘theoretical’ position over the stock. Despite lacking ownership of the asset, price movements will still profit you. With CFDs, you only get to pay for leveraged ratios. By the same token, you avoid currency conversion costs.
Tesla may not seem like a good investment currently but it is clear it will be very profitable in the next few years. The fact that Tesla is making great steps towards its goals is another positive.
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What is Tesla?
Tesla, Inc. is undeniably a trendsetter in the car manufacturing industry. Particularly what makes the California based automotive and energy company stand out is its focus on electric cars.
In 2018, Tesla was ranked as the best-selling plug-in car manufacturer worldwide. With a market share of 12% of plug-in segment sales, the company produced 245,162 vehicles. This saw Tesla sales spike globally by 138% between 2017 and 2018 and has more and more competition.
The company has made investments in Australia over the past few years. First, it set up a showroom in Sydney in 2010. Five years later, the company then opened a service center in Melbourne. As of 2019, Tesla has 4 service centers in Australia.
Trading tips for investors
All the listed brokers above trade in various currencies. Choose the Australian dollar when trading. This is because it is easy to work with your domestic currency.
If you are investing in Tesla shares it is wise to stay updated on any developments happening. This is because some of these developments affect the stock price.
Being informed about any changes that may affect the stock price prior can help you plan for your next action. Watch out for financial reporting and company news to stay apprised.