How to Buy Tesla Shares in Australia

Are you looking to invest in Tesla, one of the world’s most exciting and revolutionary businesses? Tesla shares are a popular investment choice, and if you’re interested in buying Tesla stock in Australia, there are a few things you need to know. In this article, you can find out how to buy Tesla shares in Australia, and what are the benefits of investing in Tesla. 

If you’re interested in learning more, keep reading!

What is Tesla?

Around since 2003, Tesla was founded by engineers who wanted to create electric vehicles that were better than gasoline-powered cars. They’ve grown significantly over the years and now produce batteries for homes and grid-scale energy storage products like solar panels and roof tiles.

The company aims at accelerating the world’s transition to sustainable energy and plans to do this by making electric vehicles more affordable and accessible to consumers. With more people turning towards using solar energy and the company reporting huge numbers in revenue, it’s no wonder that more and more people are looking to buy Tesla shares.

How to buy Tesla shares in Australia?

Now that you know a bit more about Tesla, let’s look at how to invest in Tesla from Australia. Read the step-by-step guide below! 

Choose a broker

When buying shares in Tesla, it’s important to find the right broker – one that is reputable and has a good track record. Ideally, you’ll want one that offers commission-free trading and has advanced charting tools so your trades can be more profitable.

Keep in mind that not all brokers in Australia allow you to buy Tesla stock because they don’t have access to the NASDAQ. Therefore, to access Tesla shares, you’ll need to find a broker that allows trading on the NASDAQ

Decide how much you want to invest

After choosing a broker,  you should decide on your trading budget and how much you’re willing to spend on Tesla stock. Trading on margin guarantees that only a small percentage of the total value will be put down when opening up positions.

Shares or an ETF?

The Exchange-Traded Fund (ETF) is a mutual fund that can be traded just as easily and quickly as shares. It allows for more diverse investing in stock, bonds or other funds like real estate investment trusts. The yield on these types of investments might not always seem high enough if you’re an active trader, but they are still exciting compared to individual share picking.

Decide your order type

If you decide on a market order, your trade will be executed at whatever the current price of Tesla stock is at the moment you make the trade. 

If you want more control over how much you’ll spend buying or selling Tesla shares, consider limit orders. With a limit order, trades can only be executed within the limit you set for the minimum and maximum price of the stock – perfect for those looking out over their investments!

When you place a stop-limit order, you specify a Tesla shares price at which you want to sell your stock. Your sell order is implemented only when that price is reached

A stop-loss order allows your Tesla stock to be sold if the price falls dramatically, before your investment experiences too much damage.

Execute your order

Once you’ve made your choice, it’s time to place an order. Open the trading platform and enter the Tesla share code (NASDAQ:TSLA). You’ll be able to execute any trade with just one click!

Monitor your investment

Investors should be aware that many factors go into a company’s performance, including announcements and reports from management and new products. Keep an eye on news about the business itself – this could have implications for its share price!

Should I buy Tesla stock?

Overseas investing offers several advantages, such as access to some of the largest companies in the world, the opportunity for diversification, and a good return on investment. However, there are also several downsides, including currency exchange fees or taxes, different rules/regulations, and economic threats from politics.

You can always check the actual price if you google ‘Tesla’s share price today,’ but keep in mind that the price changes every second (only in 01-22 March 2022 period, the price of a single stock went from US$864.37 to US$993.98), and that you should only trust verified sites. Overall, Wall Street expects Tesla to earn in shares in the future, making this an excellent time to buy Tesla stock. 

Bottom Line

With Tesla shares prices going up, many people are asking if now is the right time to invest in it. It’s up to you to decide whether now is the appropriate moment to invest in Tesla. We hope our guide on how to buy Tesla shares in Australia will assist you in maximising your earnings while minimising your risks. Make sure you use this information when considering trading or buying stocks.

FAQs:

1. How do I buy shares in Tesla?

Tesla trades stocks under the ticker name TSLA on the NASDAQ market. You’ll need to contact a broker to obtain shares and open a trading account if you don’t already have one. 

2.How do I buy Tesla shares on CommSec in Australia?

Click “Open an account” at commsec.com.au. Set up your trading account by following the directions. When naming your account, use the same username you’d like to use for trading overseas shares. After setting up your account, you can register for an International Trading Account.

3.Can you still buy shares in Tesla?

Yes, you can! Once you have your brokerage account set up, there are two ways to buy Tesla stock. You can either purchase it at market price or choose from call options and puts that allow for more control over when they expire.

4.What’s the best way to buy Tesla stock?

If you wonder how to buy Tesla shares in Australia, the answer is through a broker. To get shares, you’ll need to consult a broker. You’ll also need to register a trading account if you don’t have one.

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