Tesla (formerly known as Tesla Motors) is an American electric car manufacturer headquartered in Silicon Valley. Its plant is located in California and Tesla’s CEO is Elon Musk. Musk is one of the wealthiest people in the world and is also known as the founder of the Space X space project. By the end of 2019, Tesla had sold almost 900,000 electric cars, and in July 2020 it rose to become the world’s largest automaker in terms of market capitalization. At the time, it had a market capitalization of nearly $ 210 billion and surpassed Japan, which dominated the market.
The first car model launched by Tesla was the Tesla Roadster, which was manufactured between 2008 and 2012. Since then, the Tesla Model S, Model X and Model 3 have also entered the market. In addition, in late 2020, Tesla introduced the CyberTruck model, which is their first step in the flatbed and truck categories. All models are fully electronic.
In 2019, Tesla held 17% of the world’s electric and battery-powered passenger car manufacturers and 23% of the market for electric battery-powered cars. In 2020, Tesla sold a total of 499,550 vehicles, which is 35.8% more than in the previous year. In 2020, Tesla also exceeded the limit of one million electric cars manufactured. The Tesla Model 3 is the world’s best-selling electric car and has sold more than 500,000 units.
Elon Musk is also known for its interest in cryptocurrencies and its future potential. During 2021, Musk has influenced Bitcoin’s course with his own tweets on several occasions, and Dogecoin, known as a memo coin, has risen to new records due to Musk’s tweets.
Buying Tesla stock in 2022
Equity investing has recently gained popularity, especially among young people. The boom revolving around the placement has been going round for years! Investing in stocks can be an opportunity for a better future, although each investment always has its own risks. That’s why it’s always a good idea to do a thorough background check and familiarize yourself with taxation before you start investing. Investing in stocks is possible through your own bank, or through a number of different modern online trading platforms. It is therefore worth carefully considering whether to make your investment through your own bank or to concentrate your investment on a single trading platform, thus saving on the various costs that trading entails. Traditionally, the costs associated with investing in banks have been higher, and especially when investing in smaller amounts, the costs charged by the bank may have seemed very unpleasant in relation to the transaction. Even when you start investing yourself, you will be better informed about the trends of the time and will be able to execute assignments completely in accordance with your own decisions.
In this article, you will find instructions on how to trade a Tesla stock in 2022. A simple and beginner-friendly article will tell you how to start investing in a Tesla stock step by step, so everyone stays easy on the cart. The Tesla share is a popular investment target among Finnish investors, as its bullish price has attracted several investors to join this pioneer of electric cars.
Buying a Tesla stock is easy – follow these instructions step by step and start trading today!
Step 1 – Choose trading platfrom to buy Tesla stock
Careful selection of the trading platform is one of the most important tasks for a novice investor. Security, low trading costs and real-time exchange rate monitoring are important criteria for many when choosing a new investment platform. The Finvesting team will tell you about three reliable and popular investment platforms to help you start your journey to a more prosperous future!
Currently, eToro offers its services to more than 20 million registered users and is truly one of the pioneers of social trading. eToro was founded in 2007 by Ronen Assia and David Ring, originally called RetailXX Yoni Assian. The company operates from several of its registered offices in Cyprus, Israel, the United Kingdom, Australia and the United States. In 2018, eToro had revenue of $ 800 million, which speaks to the company’s fairly well-established position.
In eToro, you can invest in, for example:
- Shares (including Tesla stock!)
- ETF funds
- Index funds
- Commodities (such as gold and oil)
- FIAT currencies
Step 2 – Open eToro account
The next step in purchasing an Apple stock is to open account for eToro. There may be some site-specific differences in the process of opening a user account, but as a general rule, the customer will be required to complete some form of registration form and confirm the user account either by email or text message. Don’t worry, however, this step is quick and easy regardless of the platform.
The username of the investment platform is usually an email address. Finvesting reminds you to choose your password carefully, as you can rarely be too careful when it comes to money. Therefore, we do not recommend using the same password you have used to log in to your work computer or social media for the past five years. Needless to say, the password should never be shared with anyone else. Every new user should verify their identity when opening a user account or shortly thereafter, which usually happens by sending a picture of their ID. The new user must then prove their place of residence with the type of certificate requested. All investment platforms operate in accordance with strict regulations from above, which means that identity verification is always mandatory and cannot be avoided on a reliable exchange platform. These measures are simply intended to prevent possible abuses and money laundering. However, you can rest assured that your information on these sites is always in safe hands and out of reach of third parties. Such certificates are nothing new, as every investment platform requires going through a similar KYC process, which has been the norm for some time. (KYC = Know Your Customer). So you shouldn’t be nervous about the confirmation process, because in reality, its existence only tells you that the platform cares about the security of you and your investments.
Once you’ve got a user account opened by following these steps, you can take your first step toward starting investing!
Step 3 – Make deposit and buy your first Tesla stock
Investment platforms often offer a wide range of payment methods, which every Finn is sure to find. Money transfers can be made with, for example, payment cards (MasterCard and Visa), PayPal, Skrill, Klarna or traditional bank transfer via online banking. Most Finnish banks are supported, such as Nordea, OP, Danske Bank and POP Bank.
When the money is successfully transferred to your new account, you are ready and the Tesla stock is available to you!
Tesla stock – History
Tesla is certainly a brand familiar to everyone and especially its CEO Elon Musk often enjoys the news. However, Musk is not the original founder of Tesla, although he has been able to call himself a founder since the 2009 lawsuit. Tesla Motors was originally founded in 2003 by Martin Eberhard and Marc Tarpenning. The company’s name is a tribute to Nikolai Tesla, who died in 1943 and is known as both an inventor and an electrical engineer. Eberhard’s vision was to combine automakers and electrical technology into one and thus create a whole new kind of part for the automotive industry. The three most important points of the vision were the battery, computer software and its own engine.
Just a moment after the company was founded, Ian Wright, Elon Musk and J.B. joined. Straubel. Musk in particular quickly rose to the public consciousness after gathering a lot of attention for both himself and Tesla Motors as an active user of social media. He often took a stand on the hottest topics of the moment and shared strong opinions about them. Musk was also a key player in fulfilling Tesla’s vision to accelerate the transition from fuel-powered cars to electric models with sustainable renewable energy. According to him, the main purpose of the company is to build a wide range of electric vehicles in all categories. In addition, the company sold SolarCity solar panels.
Tesla Motor continues to operate as an electric vehicle manufacturer for renewable energy and is headquartered in Palo Alto, California. In addition to electric cars, the company’s main products and services today also include battery energy storage from the home grid, solar panels and solar roofs. There is also a wide range of related additional products and services.
From the beginning, Elon Musk’s vision has been to bring affordable all-electric cars to the market that consumers can also afford. This was quite at odds with the vision of the other founders, which was to create an exclusive sports car for just a few and the chosen ones. Only after the implementation of this plan was it planned to move to make electric cars available to the entire nation.
Elon Musk, who was very true to his own vision, was involved in the design of the Tesla Roadster from the beginning, but did not take part in developing and running the company’s business. The Roadster is Tesla’s first car model on the market, which was also a top success!
As part of Roadster’s design team, Musk also grabbed the 2006 Global Green Product Design Award. The award was presented by the last leader of the Soviet Union, Russian politician Mikhail Gorbachev. In 2007, Elon Musk was also awarded the Index Design Award for designing the Tesla Roadster.
Elon Musk became the company’s CEO in 2008 and two years later, the Tesla share was listed on the NASQAD stock exchange. It was the first U.S. car company on the stock exchange after Ford, which was also listed as early as 1956. Tesla’s next car model, the Model S luxury sedan, was released in 2012. Three years later, in 2015, Tesla’s first SUV, the Model X, was released. the largest manufacturer of electric and battery-powered passenger cars.
The company’s story has been interesting to follow for several years, and there is no end to success. In January 2020, Tesla took its place as the most valuable American automaker with a market value of $ 86 billion. Profits in 2020 also continued at the end of the year, when in November Tesla announced that it would join the S&P 500 stock market index before the end of the year. Tesla immediately rose to the sixth largest company on the list. This has never been seen before in the history of the entire list!
Is an Tesla stock a good investment?
In recent years, Tesla has sold more cars than ever before. In 2019, the company sold as many as 122,609 electric vehicles more than the previous year, so sales have grown by almost 50 percent within a year! In 2020, the company sold its one millionth car and in addition, the Tesla Model 3 is the world’s best-selling electric car in terms of number of units. More than half a million of them have been delivered to customers!
In 2020, Tesla accounted for more than 80 percent of all battery-powered electric vehicles sold in the Americas. Several countries are tightening taxation on fossil fuels, so the popularity of electric cars is only expected to grow in the future. Tesla is currently enjoying quite a bit of popularity, so at least a big drop in sales volumes is hardly to be expected!
Several analysts have estimated that the value of Tesla’s share will rise further over the next five years. That is why Tesla is now and in the future one of the most interesting stocks in the world, especially in the automotive industry. Some experts, on the other hand, claim that Tesla’s share price is well above the highs due to a heated market and predict a so-called bubble burst in the future. This, of course, would mean a sharp drop in the course.
However, we cannot predict the future, but during 2021, the Tesla stock has risen to its new highs, so we are eagerly awaiting what the future will bring when it comes! Finvesting does not provide investment tips, so make each decision based on your own background research!
- 2020 Tesla becomes the world’s most valuable American automaker with a market value of $ 86 billion
- 2019-2020 Tesla recorded four positive quarters in a row
- According to some, the Tesla stock is already overpriced, some of which will continue to rise in the future
Tesla stock – Summary
While many experts have criticized the Tesla stock for being well overpriced, many experts are still pushing the stock to new highs, at least in the long run. The next 5-10 years will be crucial as the electrification of cars and the taxation of fossil fuels will increase. Several experts have estimated the price of a Tesla share at 2,000-3,000 euros over the next five years. The effects of ten years, on the other hand, are a little more uncertain, as there are still too many variables. We look forward to following the development of Tesla and the entire electric car industry over the next few years!
Tesla’s future prospects are strongly in the hands of, for example, the electrification of the car fleet and the increased use of solar power. As Tesla also manufactures solar panels, new construction plays a major role in this regard. However, in recent years, this development can be considered inevitable, although the effects in the short term may remain very small.
The proliferation of electric cars and the consequent increase in sales is, of course, only a positive thing for Tesla!
Taking all the factors into account, a Tesla stock can be a favorable investment target for many investors, at least according to its future prospects. Tesla has been able to increase its sales in recent years and its popularity has also been reflected in the share price. The automotive industry will inevitably become even more electrified in the future, so Tesla’s future looks bright.
The fastest way to trade an Tesla stock is to open a free account on the investment platform of your choice. Finvesting recommends eToro!
Registration is quick and easy, and through these exchange platforms, you can access not only the Amazon stock but also thousands of other stocks without forgetting cryptocurrencies and indices.
Several experts expect Tesla’s stock price to rise at least in the long run. The future of the company undeniably looks bright, as the automotive industry is becoming more electrified and renewable solar energy is being used more and more.
You can follow the Tesla stock price in real time from the banner at the top of this page. As with other stocks, the price changes all the time and its daily changes can be big!