How to buy Tesla shares (TSLA) from Australia

Will this company's cutting-edge tech pay out or fail out?

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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.

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.

Tesla's recent stock performance

Take a look at Tesla's stock price performance over the past several months. Monitoring market performance is just one aspect of the research you should do before investing in a company like Tesla — past performance is no indication of future results.


How to buy shares in Telsa

  1. Choose a share-trading platform that offers US stocks. If you’re just starting out, our table below can help you choose.
  2. Open your account. You’ll need your ID, bank details and national insurance number.
  3. Confirm your payment details. You’ll need to fund your account with a bank transfer, debit card or credit card.
  4. Find the shares you want to buy. Search the platform and buy your shares. It's that simple.
Important. The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Compare share trading accounts that offer US stocks

Updated December 12th, 2019
Name Product Monthly fee Standard brokerage fee for US shares Margin trading - Online Currency conversion fee International
IG Share Trading
$0
US$10 or 2 cents per share
Yes
0.5%
Yes
Special offer: Earn up to 10,000 Qantas Points when you start trading on a new IG Share Trading account. T&C applies.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, forex and CFDs, plus get access to 24-hour customer support.
Saxo Capital Markets (Classic account)
$0
US$9.90 or 1 cent per share
Yes
0.3%
Yes
High quality, low-cost brokerage on global share trading.
Access up to 19,000 global stocks on 36 of the world’s major stock exchanges and enjoy some of the most competitive FX rates on the the market when you trade with Saxo Capital Markets.
CMC Markets Stockbroking (Classic account)
$0
AU$19.95 for up to $5000 shares
Yes
Up to 0.60%
Yes
Access a broad range of investment products from Australia and overseas.
Take advantage of IPOs and trade shares, warrants, options and CFDs listed across the ASX, SSX and Chi-X, and other major global exchanges, including US, Canada and UK markets.

Compare up to 4 providers

Should I buy Tesla stock?

While the company's innovations are an inspiration to many, others are less impressed. Here are some of the commonly cited pros and cons of Tesla as an investment option:

Pros

  • 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.

Cons

  • 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.

Tesla's technical performance

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.

Tesla's financial performance

Explore the table below to see how Tesla has performed financially over the last 3 years.

Tesla (December 31st figures)RevenueOperating incomeNet incomeTotal assetsTotal equityNumber of employees
20154,046,025716.6 million888.7 million8.07 billion1.08 billion13,058
20167,000,132667.3 million674.9 million22.66 billion4.75 billion17,782
201711,758,7511.63 billion2.24 billion28.66 billion4.24 billion37,543

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.

Questions to ask before you invest in any company

Before deciding to invest, consider these important questions:

  • What does the company do? Make sure you know how a company works and exactly what it does before investing.
  • Is it profitable? Take a look at Tesla's quarterly or annual earnings reports to find out.
  • Who are the main competitors? Before investing, figure out whether the company is the market leader, a newcomer, a fast-growing disrupter or getting pushed out of the market. If the company you're considering investing in operates globally, keep an eye on foreign competition as well.
  • Who runs the company? Find out who the senior managers of the company are, as well as the CEO, CFO and board members. If a company's leadership is constantly shifting, that can be a warning sign that it's unstable.
  • Is the company's position sustainable? Is the product or service they offer something that will still be valuable in 5, 10, or even 20 years? Trendy companies can work for short-term investments, but if you're in it for the long haul, make sure the company is sustainable.
  • Is there room for future growth? What's the long-term outlook for company? Has it reached its maximum size?

Bottom line

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, considering investing through your investment or brokerage account.

The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Frequently asked questions

Image: Hadrian / Shutterstock.com

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