The stock market seems to be forever divided when discussing the topic of Tesla’s shares, with avid investors opining on both sides of the issue. However, there’s one thing we cannot ignore: Elon Musk, Tesla's outspoken CEO, has successfully steered the company from what was once an almost impossible vision into the world's leading electric vehicle manufacturer. The big gainer of this success is Tesla’s shares and its investors.
Case in point is evident during its run in 2021. Despite dropping more than 20% of its price from its January 2021’s 52-week high, Tesla has still gained more than 340% over the past 12 months. This sustained run has made Tesla — mistaken as a cheap stock by nobody — look even more expensive.
Tesla shares can be traded via the eToro online investment platform so if you'd like to know more on how to invest on this electric vehicle maker then continue reading this article.
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History of Tesla
Tesla Motors was founded on July 1, 2003 in San Carlos, California, by Martin Eberhard and Marc Tarpenning. Ian Wright joined a few months later becoming the company’s third employee. In January 2004, they sought venture capital (VC) funding and connected with Elon Musk who poured US $6.5 million into the first round of investment in February 2004. Musk soon became chairman of the board of directors.
As Musk has stated from the start, Tesla's main vision is to manufacture affordable electric vehicles that would appeal to the mass market. Tesla's strategy began with developing premium sports car intended at early adopters before transitioning to mainstream vehicles.
In September 2017, Tesla reached a milestone after it released its 250,000th unit, and in February 2018, it produced its 300,000th vehicle. Tesla's global sales surpassed 500,000 units in December 2018. In 2019, Tesla vehicle sales increased 50% from 245,240 units to 367,849 units in 2019. The company manufactured its 1,000,000th electric car on March 9, 2020.
What is Tesla's Stock Symbol?
Tesla's ticker symbol is TSLA. It is traded as a Nasdaq 100 component, S&P 100 component and S&P 500 component. This is the symbol that you need to use for finding the company's trading page with a brokerage firm's platform and for placing buy and sell orders.
Tesla's Price History
Tesla Motors filed Form S-1 with the U.S. Securities and Exchange Commission on January 29, 2010, signifying its intent to file an initial public offering (IPO), underwritten by Goldman Sachs, J.P. Morgan, Morgan Stanley, and Deutsche Bank Securities. Tesla Motors launched its IPO on NASDAQ on June 29, 2010, selling 13,300,000 shares of common stock at a price of $17 per share, raising US$226 million.
Since then, Tesla has seen its share value soar with consistency, achieving the biggest leap starting 2019. During the third quarter of 2021, Tesla achieved the biggest dollar surge in market cap in the annals of equities. In that short a period, Tesla's stock skyrocketed after it reported strong earnings for the quarter on Oct. 20. Two days later, its market cap breached the $1 trillion mark.
The Tesla 5-1 Stock Split
The stock of Tesla has already been split once, when the company imposed a 5-for-1 stock split on August 28, 2020. This means that instead of holding 1 share, shareholders will now hold 5. The company has increased their share to accommodate for an increase in shares in the past.
Tesla Stock After Hours
This section charts Tesla's after hours trading by showing its consolidated last sale, after-hours volume, after-hours high and after-hours low. It also shows a separate chart detailing the after-hours price and volume in corresponding after-hours time.
Remember that investors may trade during the Pre-Market hours from 4:00 - 9:30 am ET and during the After-Hours Market from 4:00 - 8:00 pm ET.
Tesla Stock Chart
eToro's platforms have an integrated charting tool so you can quickly see how Tesla's stock market performance. And if you want to do further chart analysis then you can use the advanced ProChart feature.
Looking at the graphs of Tesla's stock performance in the past 12 months and the last decade will have investors describing Tesla's shares as "on fire".
Tesla Stock News
For stock market enthusiasts who follow Elon Musk's fortune every closing day, you can keep track of Tesla by reading the most recent news about this electric car company. In addition, you can also use eToro's social investment network to keep track of the latest developments via Tesla's trading page and also by following the top TSLA traders on the platform. Find out if Musk earned another billion dollars today!
Why Tesla Stock is Down?
Elon Musk's sell-off of more than 640,000 Tesla shares in one day is believed to be the main cause of Tesla's stock price drop in November 2021. The price drop is expected because Musk is anticipated to sell another $20 billion worth of Tesla shares to finish the transaction of unloading his 10% stake in order to only maintain a 90% stake in Tesla.
Tesla Stock Forecast
Since Tesla remains a growth story, traders will ignore its high valuation for as long as the company is able to sustain its growth. It should be noted that the RSI is extremely overbought, so a prediction that a pullback might happen is likely, but there is still a lot of upside outlook for Tesla — especially coming in the heels of a massive 100,00 electric cars order from Hertz.
eToro's trading page for Tesla has a Research tab where you can get an overview of forecasts according to the consensus of market analysts. You will be able to see several details about the recent activities of ranked TSLA share traders and their sentiments as well. You will also be able to view the price target based on the ratings issued by 25 ranked analysts for the past 3 months.
Take note: Research information is only available for registered eToro users with a verified and funded account.
Should I Buy Tesla Stock?
According to Morgan Stanley analyst Adam Jonas, auto investors are at greater risk not to own Tesla shares than to own Tesla shares. And while many would agree, investors would be wise to invest starting with 1% of their portfolio. Remember, that if you already own an index fund, chances are you already have an investment on Tesla because it comprises at least 1.6% of the S&P 500.
How to Trade Tesla Stock?
An easier and more accessible way to invest on TSLA stocks is by using online brokerage and trading platforms like eToro. This means you will be able to buy and sell real Tesla shares when you open a non-leveraged buy position. In addition, you will also be able to enjoy zero commission stock investing
Another option is through CFD trading which allows you to take a position without having to own a stock. Investors are also enabled with leverage trading — which grants them full market exposure in exchange of an initial investment known as margin.
Here's the deal: By trading CFDs, you can speculate on both Tesla's share price rising and falling.
How to Buy Tesla Stocks on eToro?
- Login or create an account with eToro if you don't have one.
- Enter "Tesla" or "TSLA" on the search bar, look for the Tesla result under the Markets category, and click on its corresponding "Trade" button.
- Enter the amount you wish to invest and set the stop-loss, leverage and take-profit according to your trading preferences.
- Click "Open Trade".
Are you ready to trade Tesla shares?
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Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% 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.
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