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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

  1. 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.
  2. 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

  1. Find Tesla Stock: Use the brokerage platform to search for Tesla (TSLA).
  2. Choose Order Type: Decide between a market order (buys at the current price) or a limit order (buys at a specified price).
  3. Execute the Trade: Confirm your order to purchase the desired number of shares or fractional shares.

Additional Tips:

  • Diversification: Consider how Tesla fits into your overall investment portfolio to maintain diversification1.
  • Long-Term Strategy: View Tesla as a long-term investment, as stock market investments typically require a time frame of five years or more1.

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