This article will take you through the easy process you can follow to buy TESLA stock in 2022. The aim of this article is to show you how to buy the stock and how to make money from investment in TESLA stock.
How You Can Buy Tesla Stock- Step-By-Step Guide
There are two popular ways through which one can buy Tesla Stock. It is bought either through a brokerage account or through the assistance of financial adviser.
Step 1: Brokerage or Financial Advisor
Tesla stock is traded publicly which makes it available to any prospective investor who may want to buy Tesla stocks.
Based on this, a person who wants to become a shareholder/stockholder of Tesla Inc would need open an account known as brokerage account.
You would have to choose from among a number of brokers especially the one that best suits your financial goal.
But due to certain constraint you may decide to go through a qualified financial advisor rather than a brokerage. It is the duty of your financial advisor to help you meet your long-term savings goals.
Even where you have already bought the stocks or you are in the business with experience, the financial advisor could help you do a comprehensive analysis to improve your portfolios.
In most cases, to open brokerage account is cheaper and quicker.
Step 2: Set up a Brokerage Account
You need to open an account with an online broker. This account is like a bank account but it is opened online with a reputable brokerage firm.
It takes days or hours to get this account approved. Once it is opened you may put some money in the wallet for online stock business transactions.
Step 3: Fund the Brokerage Account
Make a deposit of money into this account through debit or credit card or other electronic wallets. This first cash is sent to your broker via this account. Having done this your broker can now see how financially prepared you are to buy Tesla Stock.
Step 4: Buy the Tesla Stock
With the account now funded and decision taken about volume of stock to buy you are now good to go. Once you’ve decided how much you want to invest in Tesla, you can buy your first shares.
You will need to log into your brokerage account and enter Tesla’s ticker symbol (TSLA) and the number of shares you want to buy or the dollar amount you want to invest.
Step 5: Strategic Monitoring of your Investment
Having bought the Tesla Stocks, you may not have completed the transaction. You must develop a strategy to keep your eyes on the performance of your investment. You must evaluate your investment regularly.
Monitoring could serve a short-term or long-term purpose. If you are buying the Tesla Stocks for a short-term purpose then you will monitor the price increase and set the target price at which you may want to sell in order to make some profit.
But if your aim of buying is long term you will very much concentrate on the company’s information as regards annual meeting and volume of shares.
Tesla Stock Overview: All you need to know about TESLA, Inc.
Tesla, Inc, founded in 2003 is an American electric vehicle and clean energy company with headquarters in Austin, Texas, United States.
Tesla creates and produces electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services. Elon Musk became Tesla’s CEO since October 2008 till today.
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Tesla is also in the tech-heavy Nasdaq 100 index. The carmaker is classified in the consumer discretionary sector and grouped alongside other consumer-focused companies like restaurants or retailers.
The stock also has a relative strenght rating of 97 out of 99. The rating means that Tesla stock has outperformed 97% of all stocks in the IBD database over the past 12 months.
Its Accumulation or Distribution Rating B whose analysis considers price and volume changes in a stock over the past 13 weeks of trading in 2021.
Is Tesla Stock a good buy? – See Expert Opinion
Tesla Chief Executive Elon Musk has defied big odds and consistently beat expectations since taking the helm of the electric-vehicle manufacturer in 2008.
The Tesla stock sales comes as Musk has a big tax bill coming due from his 23 million stock options awarded in 2012 that have vested and expire in August 2022.
He has sold about $6.9 billion worth of stock starting in early November. Since hitting a record high of 1,243.39 on Nov. 4, Tesla stock is down about 21%.
But it remains the most valuable automaker in the world, with a market valuation near $1 trillion. Musk still holds more than 166 million shares in the company.
Is Tesla Stock publicly traded? See a brief answer
It is quoted in the US Stock Exchange since 2010. It is traded in NASDAQ and under the Tesla symbol: TSLA.
Would TESLA Stock Go Up? See Expert Analysis
Analysts and key players in the global Stock Market have made important predictions on Tesla Stock guided by the market history of the Tesla Stock.
According to Wedbush Securities Tesla Stock will climb 28% in this year as China remains a key growth top-player and the production capacity could double.
The reason for us to believe this prediction is that Ives rates Tesla at ‘outperform’ and estimates 40% of Tesla’s derivatives in 2022 will be derived from the lucrative China market.
According to Sozzi, Tesla shares have come under pressure in December 2021 as CEO Elon Musk sells down his stake in the Company to meet tax obligations.
Musk has sold about 15.6 million shares for a shade over $16billion, bringing him close to unloading 10% of his stake in the Company as planned. Now, with Musk’s stock sale ending, Tesla shares could go up.
Where to buy Tesla Stock
Tesla Stock is publicly traded under NASDAQ. You can buy the share through a reputable Stock Brokerage by opening a brokerage account. We can be of help to you in getting you a good brokerage.
Is Tesla Stock Overvalued? – See Details
While Tesla’s recent trading has been commendable, we remain negative on Tesla stock at its current valuation.
With a market cap of about $1 trillion, Tesla trades at a relatively huge 120 times projected 2022 earnings and is essentially valued higher that the ten largest automotive companies combined.
However, Tesla’s full self-driving system is also touted as a big driver of its valuation. Yes, it seems that Tesla stock is overvalued but this does not impact on the gains of investing in its stock.
Tips to Make Money on Tesla Stock
The real action is going to be in the options market, as usual. This is where anyone, even a retail investor, can make big money on fast moves.
If you think Tesla is either going to $0 or $1,000, this is where to bet. You will make money on the stock if you do the following two things:
1. Active trading of Tesla stocks for Short term
Doing active trading in the Tesla stocks market will be money spinning. To trade short term or do active trading is like buying and selling at a short interval due to favourable pricing signals.
You will do this by buying some Tesla stocks and set up your Target Profit and target loss so as to be on a comfortable position.
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Buy Tesla Stocks for long term target
Investing your money regularly will help you build your Tesla stock to grow in volume and with high profit and handsome dividend.
Continuous monthly investment method will reduce the risk involved in the stock market because you will apply dollar to cost averaging method.
Addendum
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