Summary: Tesla is a famous automotive brand producing innovative electric vehicles and one of the most valuable companies in the world, standing among the nine global economic titans that have surpassed the market cap of $1 trillion. In this guide, you will learn how to buy Tesla shares in Australia through the online trading platform Plus500.
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Reliable & Regulated by CySEC (#250/14) - Plus500 Ltd is a FTSE 250 company listed on the London Stock Exchange
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About Tesla
Tesla (NASDAQ: TSLA) is an American-based, multinational automotive giant and a major player in the clean energy and battery storage sectors. The company was founded in 2003, and now it employs over 127,000 people and enjoys a solid spot among the top ten global companies, having achieved a market cap of $1 trillion. In addition to its endeavors in the automotive and clean energy industries, Tesla is involved in robotics and artificial intelligence (AI).
Tesla is a publicly traded company listed on the NASDAQ under the ticker symbol TSLA, and it is a NASDAQ-100, S&P 100, and S&P 500 component.
How to buy Tesla shares in Australia: Step-by-step
Tesla is a publicly traded company listed on the NASDAQ under the ticker symbol TSLA. Australian investors interested in buying TSLA stock can do so by taking the following steps:
Step 1: Choose a broker
To start investing in Tesla, you first have to find a reputable broker that aligns with your financial goals and investing preferences.
How to choose an online broker:
- Compare commission and account maintenance fees;
- Ensure the platform is user-friendly;
- Look for robust cybersecurity measures and licenses issued by reputable financial institutions;
- Check whether the customer support is prompt and available through your preferred communication channels;
- Ensure the platform can give you access to the financial products you’re interested in;
- Consider additional features such as research tools, educational materials, etc.;
Our go-to broker for Australian investors is Plus500, a platform regulated by the Australian Securities & Investments Commission (ASIC) and offering a variety of features, including:
- Free demo accounts;
- Multi-asset CFDs on more than 2,000 financial instruments, including stocks, Forex, crypto, ETFs, commodities, and more;
- Mobile trading;
- Convenient deposit options via PayPal, Visa, Mastercard, etc.:
- Free withdrawals.
Note
Recommended Multi-asset Broker for Online CFD Trading
-
Reliable & Regulated by CySEC (#250/14) - Plus500 Ltd is a FTSE 250 company listed on the London Stock Exchange
-
Wide range of instruments - CFDs on stocks, crypto, forex, commodities, ETFs, and more
-
Low cost investing - No commissions and tight spreads.
-
Transparent pricing on overnight funding, currency conversion fees, guaranteed stop orders, and inactivity fees.
-
Advanced platform - Top notch analytical tools, real-time quotes, fast order execution, secure withdrawals
Step 2: Register and fund your brokerage account
Once you have chosen a broker, you can register an account. To do so, you will have to provide your personal and banking information, link a chosen payment method, and make an initial deposit. Some brokers have no minimum deposits, while others do. Plus500, for example, requires you to post a minimum of $100.
Methods available to fund your account include:
- Bank account transfers;
- Wire transfers;
- Third-party payment systems such as PayPal;
- Transfers from other accounts.
Note
Step 3: Place your order
Once you have deposited money into your account, you can place an order and buy Tesla shares. To do so, you can:
- Find the Tesla stock by looking up its ticker symbol (TSLA) in your broker’s search bar or looking up the company name;
- Specify the number of shares you want to buy or the dollar amount you want to invest;
- Choose the order type, i.e., limit, stop-loss, etc.;
- Double-check all details to ensure accuracy of information;
- Click or tap on the Buy or Trade button.
Tesla stock price today
Pros and cons of investing in Tesla
Pros
- Solid presence in the EV and renewable energy markets: Tesla is at the forefront of the electric vehicle and renewable energy industries, continuously pushing the boundaries of what the technology can do. If the company remains in its position in the future, it will undoubtedly see an increase in stock prices;
- Global presence: Tesla enjoys strong brand recognition as a growing number of its vehicle models is being sold on the global market;
- Innovation: Tesla is known for its innovative approach that sets it apart from competitors. If it continues to innovate and exceed consumer and industry demands, its stock will remain strong.
Cons
- Volatility: While Tesla might be an economic titan, its stock can still be volatile at times, especially considering that CEO Elon Musk is often at the center of various controversies;
- Competition: More and more automakers (e.g., VinFast) are making substantial investments in EV technology. In other words, Tesla has a lot of competition and faces the risk of losing market share if it lags behind;
- CEO Elon Musk: Elon Musk has been a rather controversial figure due to a history of impulsive marketing decisions and a number of controversies. Should his streak continue, the Tesla stock might start to go down.
How to buy Tesla shares in Australia safely
Investing is inherently risky, and gains are never guaranteed. To minimize risks and ensure a more profitable investment experience, try to familiarize yourself with the common investing mistakes and make sure you:
- Do your own research (DYOR): Before investing, you should research not only Tesla but the global EV and renewable energy market as well. Also, keep an eye out for any news regarding Elon Musk and his other projects;
- Invest only with a clear strategy: Investing without a clearly defined goal is a recipe for disaster;
- Diversify: Always diversify your portfolio by investing in a number of financial instruments. Relying on the performance of one asset is highly risky;
- Avoid falling for hype: Never let emotions and hype govern your trading decisions.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Tesla shares in Australia
How to buy Tesla shares in Australia?
To buy Tesla shares in Australia, investors can register at an online stock trading brokerage such as Plus500.
Is Tesla stock a good buy?
Tesla is one of the most profitable companies in the world, but its stock can still be volatile. Therefore, investing in Tesla can be a good idea, but only if you consider all the pros and cons of such a venture and understand Tesla’s position in the global electric vehicle and renewable energy markets.
Does Tesla pay dividends?
No, Tesla does not pay dividends.
Recommended Multi-asset Broker for Online CFD Trading
-
Reliable & Regulated by CySEC (#250/14) - Plus500 Ltd is a FTSE 250 company listed on the London Stock Exchange
-
Wide range of instruments - CFDs on stocks, crypto, forex, commodities, ETFs, and more
-
Low cost investing - No commissions and tight spreads.
-
Transparent pricing on overnight funding, currency conversion fees, guaranteed stop orders, and inactivity fees.
-
Advanced platform - Top notch analytical tools, real-time quotes, fast order execution, secure withdrawals
