How To Buy Tesla Stock

 | Feb 11, 2020 05:53AM ET

Tesla stock, which trades on the NASDAQ under the ticker symbol TSLA, recently hit an all-time high near the $1,000-level, generating major interest from retail investors in what is arguably the world's most innovative and polarizing automaker. The company, led by mercurial founder and CEO Elon Musk, produces and distributes three fully electric vehicles: the Model S sedan, the Model 3 sedan and the Model X sport utility vehicle (SUV).

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The Palo Alto, California-based car manufacturer is one of the highest-profile Silicon Valley tech companies, and investors have enjoyed the stock’s jaw-dropping rally over the last decade. Tesla shares have gained more than 3,100% since going public in July 2010. However, the stock's ride up has neither been smooth nor steady.

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The stock's insane run-up in price over the last decade is, like all investments, a bet on the future. As such, it helps to be comfortable with roller coasters if you want to buy Tesla shares. That’s because wild up-and-down volatile price swings have become a hallmark of the stock’s performance.

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While the company’s forward-thinking innovations are an inspiration to many, others are less impressed. Tesla hasn't always been able to deliver on its production targets or its product roadmap. Novice buyers need to be aware that Tesla stock isn't a steady performer, though it has incredibly rewarding potential, as recent months have shown.

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Buying and selling Tesla stock is easier than you might think. The process can be as simple as signing up for a mobile app. We'll discuss what makes Tesla a good buy, different ways you can purchase the stock, how to track your shares, and more.

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Below, a step-by-step guide to getting started.

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h2 Is Tesla a good stock to buy?/h2

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As one of the leading innovators in the auto industry, Tesla has generated a lot of press in recent years. It has developed a loyal cult-like following of fans and enthusiasts who believe in the company’s technology and often laud CEO Elon Musk as a visionary, showering him with devotion and admiration. At the same time, the company has many vociferous critics who argue the electric vehicle pioneer could go bankrupt in the years ahead due to its soaring debt and high cash burn.

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Before you load up on Tesla shares, there are a few things to consider. Analyzing a company’s financial statements is probably the single hardest part of researching the stock, but it’s also the most important. Tesla’s balance sheet, quarterly income statement and sales outlook will provide you with a clear breakdown of the company’s business.

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If you like what you see, then you are one step closer to buying Tesla stock.

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h3 How much is a share of Tesla?/h3

During January 2020, Tesla shares hit a big milestone, becoming the first $100 billion publicly listed U.S. carmaker in history.

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After topping the combined market capitalization of Ford (NYSE:F) and General Motors (NYSE:GM), Tesla overtook Volkswagen (OTC:VWAPY) as the second most-valuable carmaker in the world. Japan's Toyota Motor Corporation (NYSE:TM), however, remains the world leader with a market value of around $199 billion.

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