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 trade Tesla shares in Australia through the online trading platform Plus500.
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
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 trading TSLA stock can do so by taking the following steps:
Step 1: Choose a broker
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 traders 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 commit;
- 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
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs
Can I trade Tesla shares in Australia?
Yes, you can trade Tesla shares in Australia through regulated platforms offering CFD trading services. Remember, trading CFDs carries risk, and losses are possible if the market moves against you.
What fees should I consider when trading Tesla CFDs?
Fees may include spreads, overnight financing charges, and in some cases, commissions. These costs can affect your overall results, so it’s important to factor them in before trading.
Where can I trade Tesla CFDs in Australia?
You can access Tesla CFD trading through regulated trading platforms such as Plus500.
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
