How can I buy Tesla shares / stock?
To buy Tesla shares, you'll need to follow these steps:
Step 1: Choose a Brokerage Account
You need an online brokerage account to purchase Tesla stock (TSLA). Popular options include:
- Charles Schwab: Known for its comprehensive trading tools and no fees for online equity trades1.
- eToro: Offers a user-friendly platform for multi-asset trading2.
- Robinhood: Provides commission-free trading and fractional shares3.
- Interactive Brokers: Offers competitive pricing with volume discounts1.
Step 2: Open and Fund Your Account
- Sign Up: Go to the website of your chosen brokerage and create an account. You'll need to provide personal details and verify your identity.
- Deposit Funds: Add money to your account using your preferred payment method (e.g., bank transfer, credit card).
Step 3: Research Tesla Stock
Before buying, it's wise to research Tesla's financials, market trends, and analyst forecasts to understand the risks and potential returns4.
Step 4: Place Your Order
- Find Tesla Stock: Use the brokerage platform to search for Tesla (TSLA).
- Choose Order Type: Decide between a market order (buys at the current price) or a limit order (buys at a specified price).
- Execute the Trade: Confirm your order to purchase the desired number of shares or fractional shares.