Tesla

Written by Mike Druttman

Fact checked by Nick Zelver

Updated Mar, 2024

Starting Point

Tesla's shares often spark heated debates among investors, but there's no denying the impact of Elon Musk's leadership. Under his guidance, Tesla has transformed from a bold dream into the premier electric vehicle manufacturer, significantly benefiting its shareholders.

Great news for those interested in investing in Tesla (TSLA): the eToro online investment platform offers online trading options. To help you navigate this opportunity, I've compiled a comprehensive guide, complete with personal insights to enhance your investment understanding and trading strategy.

Why This is My Go-To for Trading Tesla

Having traded Tesla stocks on the platform for quite some time, I've identified several key advantages:

• The app and web platform's user-friendly interface makes trading accessible and straightforward.
• You can buy fractional shares and start with a low minimum investment for as little as $10.
• There's 0% commission on real Tesla stock purchases so you can trade without extra fees.
• Leverage trading can amplify your trading capacity with smaller capital commitments. Note: This involves trading Tesla stock CFDs and may not be available in certain countries, including the USA.
• The platform has a variety of advanced trading tools, some exclusive to verified and funded accounts, to enhance your trading experience.

The TSLA Stock Asset on the Platform

Navigating to the Tesla stock asset page on eToro, you're greeted by the Overview section, which is set as the default view. This section features several informative elements to aid your investment decisions:

1. Graph: Displays Tesla's stock performance over time, offering a visual representation of trends and changes.
2. About: Provides a brief overview of Tesla as an investment asset.
3. Latest News: Keeps you updated with the most recent developments related to Tesla. This section is powered by CityFALCON, ensuring relevant and timely information.
4. Analyst Forecast: A 12-month forecast aggregating projections from highly-rated analysts (4+ stars). It's important to note that these are external analyst opinions, not predictions from eToro or investment advice.
5. People Also Bought: Suggests other stocks that are currently popular among traders, giving insights into broader market trends.
6. Copy Tesla Investors: Lists top-performing traders who invest in Tesla shares. You can easily replicate their trades by clicking the "Copy" button next to a trader's profile, which directs you to the copy trading feature.
7. Discussions: An interactive space where traders share posts and engage in conversations about Tesla. You can filter to see top discussions or all discussions, and participate by liking, commenting, or sharing posts on your feed.
   

   

Technical Analysis Tools Worth Checking Out

The platform's integrated technical analysis tools have greatly enhanced my experience trading Tesla (TSLA) stocks:

• Chart: Offers a live chart for Tesla, allowing configuration from 1 minute to 1-week intervals. This feature is instrumental in tracking short-term fluctuations or long-term trends.
• Analysis: Also powered by CityFALCON, this comprehensive tool for eToro stocks trading includes sections like Analyst Consensus, Analyst Price Target, Analyst Ratings, Hedge Fund Activity, and Insider Transactions. These insights are invaluable, especially for verified and funded accounts, as they provide a deeper understanding of market sentiments and trends.

Process of Trading TSLA Stocks

To trade Tesla stocks on eToro, simply search for Tesla as the underlying asset. You have the option to 'Buy' for long positions or 'Short' for short positions. Enter your investment amount, set your trade preferences (such as stop loss, take profit levels), and then execute the trade. This process is straightforward and can be completed quickly, whether you're a novice or an experienced trader.

Alternative: Copying Stock Traders

Their CopyTrader feature uniquely enables me to emulate the trades of seasoned stock investors. By using filters, I can easily find and select traders who specialize in Tesla stocks. After choosing a trader, I decide the amount to invest in their Tesla stock trades. With a simple click on the "Copy" button, I can automatically replicate their trading positions, leveraging their expertise and strategies.

Endgame!

That's everything you need to know about trading Tesla stocks on eToro, accessible both via their web platform and mobile app. Remember to utilize the tips and tools mentioned here to enhance your online stock trading journey. Whether you're new to trading or looking to diversify your portfolio, these insights and features can provide a significant advantage.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.