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Interested in buying shares in Tesla but not sure where to start if you're in Australia? It's easy to buy shares in global stocks, so long as you choose the right trading platform and do your homework.
Tesla Motors Inc. is the brainchild of Elon Musk, the famous billionaire entrepreneur. Tesla is a tech firm which creates electronic cars, solar roof panels and energy storage systems. Tesla is headquartered in Palo Alto, California in the United States.
Should I buy Tesla stock?
With outbursts from Elon Musk causing widespread speculation about his and Tesla's future, some investors are backing away from this multinational automotive and energy company. Others, however, are convinced that now is the best time to jump on board. Read our guide to see Tesla's current share price, its financial performance and the steps you need to take to start trading.
- Brand power. As mentioned, Tesla is seen by many as an inspirational brand. Elon Musk also pulls in followers with his often brazen antics and eagerness to shoot from the hip.
- Innovation. Tesla set the pace for building attractive electric vehicles capable of traveling long distances on a single charge. It's hard to argue that the company isn't forward thinking.
- Diversity. Tesla's mission to accelerate the world's transition to sustainable energy also fuels its diverse range of battery-powered products.
- Erratic. Whatever you think of Elon Musk, his Twitter outbursts harm the stability of Tesla, Inc. for investors.
- Missed deadlines. Tesla is notorious for promising deadlines they can't deliver on.
- Senior staff turnover. Executives are constantly changing, which is not a good indicator of stability or a level company culture.
Technical analysis is the mathematical study of a stock's price based on its recent trends. There are a number of ways to analyze market trends. Here's a summary of what several key technical indicators are saying about Tesla's current stock trend, according to charting service TradingView.
- Choose a share-trading platform that offers US stocks. If you’re just starting out, our table below can help you choose.
- Open your account. You’ll need your ID, bank details and tax file number.
- Confirm your payment details. You’ll need to fund your account with a bank transfer, debit card or credit card.
- Find the shares you want to buy. Search the platform and buy your shares. It's that simple.
Tesla's financial performance
Explore the table below to see how Tesla has performed financially over the last 3 years.
|Tesla (December 31st figures)||Revenue||Operating income||Net income||Total assets||Total equity||Number of employees|
|2015||4,046,025||716.6 million||888.7 million||8.07 billion||1.08 billion||13,058|
|2016||7,000,132||667.3 million||674.9 million||22.66 billion||4.75 billion||17,782|
|2017||11,758,751||1.63 billion||2.24 billion||28.66 billion||4.24 billion||37,543|
Interest in Tesla over time
Overall interest in Tesla has been slowly climbing, but there are sharp peaks and dropoffs that make some investors nervous.
How to stay up to date with Tesla shares
When buying or selling stock in a company, keep an eye on current affairs related to the company, such as:
- Financial reporting. It's good practice to know when Tesla will be releasing its financial reports; this will let you know how the company is performing and will have a big impact on the stock price. Tesla reports annually on December 31st, as well as quarterly throughout the year.
- Company news. Is Tesla planning to release a new car model in the next few months? Is it looking to move into a new country or market? Has Elon Musk done anything controversial? These types of events will have an impact on the share price of Tesla.
- Wider news. Be aware of other external events and news that may have an impact on Tesla's stock price, such as gas or electricity prices.
- Does the company pay dividends? If a company pays dividends, they pay some of their profits back to shareholders. Currently, Tesla does not pay dividends on their shares.
- Shareholder meetings. These are often held annually and invite large shareholders to attend meetings and vote on matters relating to the company. It's a good idea to know when these are, as they may speak to the direction of the company.
Tesla's quirky CEO and inability to hit deadlines indicate that its stocks aren't exactly low risk. However, its cutting-edge technology and financial performance over the last several years have convinced some investors that it's a worthwhile risk.
If it's a risk you're willing to take, consider investing through your investment or brokerage account.
Frequently asked questions
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