How to Buy Tesla Shares

Tesla is the most powerful brand for luxury EVs (electric vehicles). Tesla went public in 2010. It has been one of the fast-growing stocks - Tesla's share price has risen more than 700% during 2020. Tesla represents the future quite literally, considering buying shares should be on trader’s to buy list.

KEY TAKEAWAYS

• Tesla represents the future - with climate change hanging over our heads and ecological crisis waiting to happen, sooner or later humankind will be forced to reduce production of gasoline powered cars.
• It’s important to have all the cards, regarding clean energy laws that can be potentially passed, as well as international agreements.
• Consider conducting careful technical analysis and be closely familiar with market overview.

Should I Buy Tesla Stock

If you look at Tesla Share Price Chart it’s impossible to miss tremendous share price growth starting 2020, since the highest peak in January 2021 though price is slowly declining.

Keep in mind, if the “Clean Energy and Sustainability Accelerator” bill is enacted by the Senate and House of Representatives of the United States of America in Congress assembled or tax credit legislation under the clean energy for America act will pass, there is a high probability that Tesla Share Price will rise exponentially.

Answering the question: “Should I Buy Tesla Stock”, it depends how far into the future you’re willing to look.

How to Buy Tesla Shares

Tesla doesn't need representation, and yet here we go: Tesla is one of the most popular and innovative American electric vehicle companies.

Is headed by CEO Elon Musk, the company designs, develops, manufacturers and distributes a variety of electric cars.

So how to buy Tesla shares? There are several ways to buy Tesla shares, yet the simplest one is to do it through a brokerage account.

1. Use Our Experts’ Analysis

If you come to the conclusion of buying Tesla shares, we recommend you using our experts’ analysis.

Depending on market fluctuations we publish technical analysis and market overview sometimes even on a daily basis.

This analysis will help you have a better grip on understanding how Tesla shares prices are affected.

2. Follow Tesla Stock Price History Chart

Here you will discover historical prices for TSLA stock: you can view daily, weekly or monthly format back to when Tesla, Inc. stock was issued, using Line, Candlestick or Bar chart.

Candlestick or Bar chart. Here you can see Tesla live chart as well and the dynamics on the chart by choosing any of 8 available time frames.

If you choose the Candlestick chart, it will show open, close and also high and low prices during trading day.

3. Choose Your Stock Trading Strategy

We will show some of the most common stock trading strategies that could lead you to build your own.

• News trading strategy - trading based on news and market expectations: before and following news releases. Trading on news announcements can require a skilled mind-set as news can travel very quickly on digital media. Traders assess the news immediately after it’s released and make a quick judgement on how to trade it. Some key points to pay attention: is the news already included in the price of an instrument or only partially priced in? Does the news match market expectations?
• End-of-day trading strategy - trading near the close of markets, they become active when it becomes clear that the price is going to settle or close.
• Day trading strategy - Day traders take advantage of price fluctuations in-between the market open and close hours, they often hold multiple positions open in a day, and don't leave positions open overnight in order to minimise the risk of overnight market volatility.
• Swing trading strategy - Swing traders aim to buy a security when they suspect that the market will rise, or they sell an asset when they suspect that the price will fall. Swing traders take advantage of the market’s oscillations as the price swings back and forth, from an overbought to oversold state.
• Trend trading strategy - traders use technical analysis to define a trend, only enter trades in the direction of the predetermined trend. Traders who use this type of strategy don't have a fixed view of where the market should go. Success in trend trading is the right determination of trends and it’s crucial to stay alert because trends can quickly change.
• Position trading strategy - traders hold a position for a long period of time ignoring price fluctuations in favor of profiting from long-term trends. Traders with this strategy use fundamental analysis to evaluate potential price trends within the markets, also take into account market trends and historical patterns.

4. Open a Trading Account

To start buying Tesla shares through a brokerage account, if you still don’t have an account open it with IFC Markets.

Brokers offer varying account minimums and trading commissions, so you’ll want to weigh your options before making a final decision on which one to choose.

5. Know When to Buy and Sell Tesla Shares

Should be based on well-calculated technical analysis as well as market overview.

For example (just an example) if you know that the USA will pass the law saying, no more than 30% of the market is allowed to use gasoline powered cars, it's a sure sign to start buying Tesla shares.

Or if Tesla’s EV got hacked and God forbid people got injured - it’s time to sell.

Tesla's competitors grow in numbers - Following competitors' progress in the field should be an essential part of research before deciding whether to buy or sell Tesla shares.

Tesla has a number of competitors among traditional car makers, such as Ford and Honda, and the growing one - in the higher-end electric and self-driving car market.

The Bottom Line

The Bottom Line is before deciding whether to buy Tesla shares or not, traders must take a long look at their financial situation and understand the long-term investment goals. Worth keeping in mind that all stocks are subject to volatility - you win some, you lose some. If you decide to buy shares, all you need is to choose the right broker (paying attention to account minimums and trading commissions) and begin trading, using most suitable stock trading strategies based on technical analysis and market overview.