How to Buy Tesla Shares in Australia – Incredibly EASY (works in 2020)

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How to Buy Tesla Shares in Australia

Buying Tesla stock in Australia is a lot easier than you may think. All you have to do is to pick your favorite broker, deposit some money and buy the stock (also called TSLA) with one click.

Where To Buy Tesla Shares in Australia

I have registered and deposited on all online brokers that accept Australian traders, so that you don’t have to. Let me show you which broker I think is the best.

Best Online Broker For Tesla Share Trading

Plus500 – Australian Regulated Broker

Plus500 is our top rated broker for Trading CFDs on Shares, Indices, Currencies etc. They have offices in Australia (Sydney).

  • Minimum Deposit is only $100
  • ASIC Regulation
  • No commissions

After trying out all Australian brokers, I really think that Plus500 is the best broker.

Here are other top choices for Tesla shares trading:

1. Plus500

Plus500 is the best place for Tesla CFDs. The Israeli broker specialises in CFDs of all types. The broker has a subsidiary in Australia that follows local regulatory rules. You can expect high levels of trustworthiness and good quality services as well.

This broker can give you access to popular markets to buy and sell Tesla shares. The broker offers a highly acclaimed online and mobile-based trading platform.

New users can benefit the most thanks to the demo mode. Try the demo without spending any money to see if the platform works for you.

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The above are the top recommended brokers for buying Tesla shares from Australia. Investors can consider other options as well. However, make sure the broker you choose is licensed in Australia.

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Plus500 Disclaimer: 80.6% of retail CFD accounts lose money.

2. eToro

eToro is an Israel-based broker that is regulated in Australia through a subsidiary. The broker offers a variety of assets for investors, including stocks.

The broker is highly transparent about the fees and commissions it charges for stock trades. It now offers unified fees for stock spreads on the platform.

You will have access to NASDAQ, the exchange for Tesla, from Mondays to Saturdays via eToro. The broker lists opening and closing times on its website.

eToro’s trading software is highly popular. It’s best known for “social trading.” This is a form of trading where an investor can see what other traders are doing. If you like what you see, you can copy the trade.

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eToro Disclaimer: 75% of retail CFD accounts lose money.

Why Should I Buy Tesla Shares

Despite the famous brand name, Tesla shares are quite volatile. The company went public in 2020. Since then, the stocks have plunged to dangerous levels on at least nine occasions. The company lost one-third of its value during the worst three of these. There have been several smaller plunges as well.

Tesla, regardless, seems to recover from these occasional plunges. It’s not unusual to see the stock rise or fall several times during the day. Some investors might be alarmed by such volatility. Tesla has a reputation as one of the most shorted stocks ever. But if you count the overall value of Tesla stock since it became public, it has risen from double digits to triple.

Tesla shares are popular among speculators. They may buy the stock and then immediately sell it, only to re-buy it as even cheaper rates. Tesla shares are certainly not for everyone. If you are looking for steady and reliable automaker stock, Tesla may not be for you. Tesla shares are best suited for traders who want to buy and sell on short notice. Also, Tesla is considered a great stock to hold onto in the long term.

They ran into production trouble in 2020. In spite of that, the demand for the cars has been as stable as ever. The demand will most likely hold up in the coming years. Considering these facts, Tesla is a good stock to buy for speculative or long-term investors.

What To Consider When Buying Tesla Shares

If you found or plan to go and look for a different broker there are some things that you should consider before placing your trust and money in their hands.

  • Tesla Licences: It may seem obvious, but if a place doesn’t have a licence there is most likely a reason the owner couldn’t get one, a licence for a broker isn’t something you “Don’t have the time to get.” – it’s in my personal opinion just as important as SSL transaction encryptions.
  • Tesla’s Reputation: It’s not impossible for a licensed broker to scam you, that’s why it’s important for you to look around, even just Google the broker and read some reviews for a start – make sure they are a generally well received platform.
  • Owners of Tesla: Call me paranoid – but when it comes to investing sums of money potentially in the tens if not hundreds of thousands I want to make sure that the owners of the platforms aren’t the same ones as some old scam website, or maybe just a shady company that you wouldn’t trust if you read up one their past.

I guess what I’m saying is that a quick Google search about the company that runs the given platform and potentially their parent company may reveal information that could sway you to either avail of or do a one-eighty and abandon a broker.

Advantages of Buying Tesla Shares

So I have given you the reason why you should buy Tesla shares, and I’ve listed some platforms, but ultimately you want to know if it’s a good idea? I mean investing in planting trees is a great idea but you are one-hundred percent guaranteed not to make any money of it.

Looking at the Tesla share value it’s clear that they are currently rising up from a sudden drop. Do keep in mind this is just my opinion and I’m not an expert trader.

As with all things I invite you to do your own research, but from the look of it this may be a good time to buy shares.

This is because compared to the last five years there has been a trend which (if continued) will result in the value rising a bit more before plateauing soon.

It’s importance to consider the situation of the business as a while – depending on if you think the Tesla electric cars are going to become the next big thing or if you think they’re just a short-lived gimmick you need to decide whether or not to but the shares.

Personally with the reputation I see Tesla cars having and the nature of the modern-day person, I feel that Tesla cars will remain and will only continue to expand in scale and as a result, also in value – and I feel that if you are someone who thinks in a similar way then you too should consider buying Tesla shares.

Because as with all things – the more mainstream the product or company becomes, the higher the price will go – even if now the price seems to be at its highest it’s important to look at the big picture, will the next “Tesla explosion” be worth twice as much as the top price now? Or will it only be worth half of that?

In other words – research is key, as with all trading.

Ways to Buy Tesla Shares in Australia

Since Tesla is an American company, Australians have to buy its shares as international investors. Those who want to add Tesla to their investment portfolio should connect to a CFD broker that offers these shares. Buying shares is one of the best investment ideas for Australian traders.

Aussies can purchase Tesla shares from just about any reputable financial broker that offers stocks and share assets to customers. Consider going through local investment banks as well.

Investors can buy Tesla shares outright, as assets, or through a CFD. When you own a share, you can list it as an asset to your portfolio. However, purchasing Tesla shares as assets is fairly expensive. You can still profit from the speculating on Tesla shares through a CFD.

A CFD allows you to profit by speculating on the buy and sell ratio of Tesla stock. You only have to pay for these on a leveraged ratio, not the full price. You may not own the assets, but you can profit from the price movement. Certain investors would prefer this option considering the volatility of Tesla stock. Investors don’t have to consider the actual value with CFDs.

When buying, keep the following tips in mind:

  • Make sure you are purchasing the right (TSLA) stock
  • The broker you choose must be licensed in Australia to offer financial assets
  • Create a brokerage account to hold Tesla stock on short Use a retirement account for the long term.
  • Add Tesla stocks only to a diverse portfolio to limit your exposure to its volatility. Never invest all your money in any single stock.

What is Tesla – A Few Details About The Company

Tesla is one of the most innovative car companies in the world. Unlike established car brands like General Motors or BMW, Tesla focuses on building electric cars. Tesla vehicles run on batteries rather than fossil fuel. These vehicles are therefore considered to be highly environmentally-friendly compared to conventional vehicles.

Tesla, until very recently, manufactured its cars in California, which is also the company’s biggest market. The company has undergone some structural changes in recent months. Its famous co-founder, Elon Musk, stepped down as chairman and resumed duties as CEO. The company is also shifting production from a largely automated factory to a more efficient facility in Shanghai.

The brand has a devoted following among eco-conscious drivers who want to wean themselves off fossil fuel reliance.

  • Size: Despite its number of fans, Tesla is still a small company.
  • Production: It doesn’t match large car brands like General Motors in terms of production numbers.
  • Value: Tesla stock is highly valued thanks to the high-tech vehicles it produces.

Tesla vehicles are not just eco-friendly, these cars have impressive futuristic automation features.

Tesla vehicles come with an “auto pilot” feature, which is a form of partially automated driver assist. Vehicles are also equipped with state-of-the-art gimmicks like door handles that are completely flat.

Tech enthusiasts have high hopes that the electric car company would provide more automation features. Tesla is already in the process of adding more high-tech features to its cars. Currently, the brand’s vehicles have higher end price tags. However, Tesla hopes to build a more affordable model in the immediate future.

Is Now a Good Time To Buy?

The best time to buy Tesla shares was yesterday. The second best time is today.

Well, we’ve gone over the basics of the Tesla share situation – it’s up to you to go out and see if you too feel it’s a good time to buy Tesla shares.

Tesla will go up and down for a few years. I am quite sure that in the long run Tesla will outperform other car manufacturers.

While the fact that Tesla is an American company makes is a tiny bit harder to buy shares from Australia, the existence of multi-national traders such as Etoro, Fortrade and Easymarkets make today easier than ever to invest in foreign companies and buy shares.

Disclaimer: Please keep in mind that I am not a financial advisor. Do your own research and don’t invest more than you can afford losing.
All brokers listed above offer CFD trading only. This means that you do not own the shares. You can make a prediction of where the prices will go in the future. Some brokers offer leveraged trading only. CFD trading is risky. Good luck with your trades.

How To Buy Tesla Shares in Australia

Tesla Inc is undoubtedly one of the best car manufacturers in the world. What sets Tesla apart from most of its competitors is its forward-thinking strategy when it comes to the making of modern electric cars.

With innovation and technology, Tesla is able to provide motor vehicles that are cheap to operate in terms of fuel consumption.

Moreover, Tesla cars have state of the art features that every driver could desire.

For these reasons, the future of Tesla Inc under the stewardship of Elon Musk looks tremendously promising. In fact, looking at its growth prospects, buying Tesla shares could be one of the best decisions you ever made. Australian traders who would like to add Tesla on their investment portfolio can easily buy its shares.

In this article, we are going to outline some of the best ways you can buy Tesla shares in Australia. After carefully reading it, you should be able to buy Tesla shares with minimum hitches.

Where Can I Buy Tesla Shares?

I found that the easiest way to buy Tesla shares is via the online broker eToro. eToro Disclaimer: 75% of retail CFD accounts lose money.

eToro is regulated in Australia and they have a really user-friendly platform. eToro is one of the best online brokers at the moment.

  1. Sign up here
  2. Make your first deposit
  3. Verify your account
  4. Start trading Tesla shares

Why should you buy Tesla shares?

Besides the incredible cars that Tesla continues to develop, there are other reasons why a move to buy Tesla shares could be a prudent decision. Tesla shares fluctuate considerably.

They have taken a plunge time and time again, and rest assured these shares are volatile. Nevertheless, they have always recovered after hitting the lows.

This is why this stock is exceptional for Australian traders. You can buy when it plunges, wait for a short time and sell as soon as it rises. As you do your further research on Tesla, you will notice that since it went public ,its stock patterns have frequently risen and fallen.

What makes this stock even more appealing for investors is that since its inception into the stock market in 2020, the shares have grown in 2 or 3 folds at times. Tesla shares are notably good for anyone who wants to buy and sell on short notice. Though stability is always on the mind of investors, a great portfolio ought to be balanced with a mix of volatile stocks that can bring in some quick returns.

How can you buy Tesla shares in Australia?

Tesla is a company based in the United States, but this shouldn’t deter you from buying its shares as an Australian trader.

Since you can only buy the shares from Australia as an international investor, you’ll need a CFD brokerage firm that can help you add this stock to your portfolio. Whichever firm you choose to work with, just ensure that it has an excellent reputation.

Here are some of the factors that you should closely examine before you settle for a broker;

Confirm that the broker you want to work with is recognized and duly licensed to offer the relevant financial assets in Australia.

Ensure that your select broker actually offers the exact Tesla shares. You don’t want to mistakenly buy the wrong shares.

Open a brokerage account if your intention is to acquire and hold on to your Tesla shares for a short period of time.

Best Australian brokers for Tesla shares

Let’s face it, finding the right broker that you can buy Tesla shares from Australia can be a daunting task. We are therefore going to list for you some of the best brokers in Australia;

eToro

eToro is yet another popular and credible Israeli brokerage firm that works through a subsidiary. As a trader, transparency in fees and other brokerage charges applicable is extremely important. eToro knows this and it has put the necessary measures in place to ensure that it is trustworthy and transparent.

This firm gives you unlimited access to NASDAQ during its working hours. You also get a unique feature on eToro, which allows you to see what your counterparts are doing. Through this feature, you can learn a number of tricks from other traders.

Visit eToro eToro Disclaimer: 75% of retail CFD accounts lose money.

Plus500

This is an Israeli brokerage firm that doesn’t limit you to specific shares. Also, it is pretty good for any Australian trader who is interested in the Tesla stock. This is because Plus500 has a branch in Australia which adheres to the stipulated regulations by the relevant Australian authorities. In other words, you are guaranteed top-notch services from this reputable firm.

Additionally, this broker provides services at your convenience. You can carry out your transactions online right from the comfort of your home, and through its mobile phone trading platform. To top it up, you are granted free access to a trading demo where you can horn your skills.

Fortrade

Fortrade is the other broker that we will feature in this article. It operates under a subsidiary in Australia known as Fort Securities Australia PTY LTD. Fortrade is now licensed by the Australian Securities and Investment Commission. This is a trusted broker in Australia where you can buy Tesla shares and follow up on the stock performance. You also get to enjoy the social trading feature on this platform where you can study what the top traders are doing and refine your skills.

Go and Buy Tesla Shares With AU$

All brokers listed above accept a variety of currencies. Chose AU$ whenever it’s available. It is always better to use your home currency when doing investments.

Tesla is arguably the future of electric cars. Its electric vehicles are eco-friendly, efficient and easy to maintain. The tesla stock is mainly influenced by the demand of their models.

This company is a perfect example of where the motor vehicle industry is headed. When you put all these into consideration, including its highly volatile shares, it makes its stock almost irresistible for a majority of traders.

The one thing that you may not be guaranteed as a Tesla enthusiast is a stable investment that you would get with traditional companies.

But according to financial experts, Tesla stock has the potential to keep rising. As of now, Tesla is not yet profitable, but by the time it begins to become profitable, its stock could hit a record high.

When that happens, you as an Australian trader would like to have a piece of the pie. If you agree with these experts, then there is no reason as to why you should miss out on a great investment opportunity. More so, you don’t have to wait for your Tesla stock to grow in 5 folds, you can always sell and buy.

Is it time to buy Tesla shares?

Markets are expected to bounce back this morning on the wake of Donald Trump pushing a payroll tax cut to combat the Coronavirus effects on the US economy. With markets looking strong, Tesla is expected to open at $661 (9:07 am EST), a 8.72% increase according to the pre-markets. The recent news on the Coronavirus spreading across Europe and Iran has left investors unsure on whether to buy more stock or to hold until we are in the clear with the virus being successfully contained. Tesla has been one of those stocks that has been hard to value, as it is fundamentally overvalued however has extreme investor backing which has inflated the stock 4 fold over the past 3 months.

Will Tesla bounce back to $900 in the coming months?

From what we have seen over the past 3 months, Tesla stock has had some serious investor backing making it one of the biggest movers on the NASDAQ this year. It would be foolish to look back on the past 3 months to predict it’s future movements as one: we were operating in a Bullish market. Two: We have no way in knowing how much the Coronavirus will impact Tesla’s production in China until more data is released over the next 3 months. So instead of me telling you that we don’t know, instead I’ll show you exactly what we do know.

Bearish impact

  • We know that the COVID-19 and the current oil price battle between Saudi Arabia and Russia are effecting the current stock price (Systematic Risk)
  • According to CNBC research, when Crude Oil prices decline EV stocks generally lose value (Short run loss)
  • Tesla’s Bull case has been seriously impacted by a global slowdown
  • Share price is fundamentally overvalued with some investors cashing in now
  • Musk admitted that the market was pushing the price too high anyway

Market was bit high anyway, so due for a correction

So if we know Tesla was an overvalued stock, when is it time to buy?

Before I start, I am obliged to remind our viewers that this is not advice only general commentary from my extensive research in this area.

At $600 there has been some support by the market. On Friday, we may see Tesla fall again as investors are staying away from holding short term stocks over the weekend as news on the virus remains uncertain. As an investor, if Tesla fell underneath $600 I would personally see that as a long term opportunity however this holds considerable short term risk. If you are willing to buy Tesla above $600 for short term gain, it is unlikely to reap of much benefit (opinion from research). Yes I believe Tesla is a great company, and what they are doing will impact the world for many years to come, but from an investors perspective we are still unsure on what the market will bring. To mitigate risk, a cheap entry point over the next few weeks may prove a great hold however you must be willing to understand that your fundamental research won’t have any impact on Tesla’s performance. Tesla is really a one off company that many people see as a long term hold, which makes it a dangerous player in years to come.

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The information above should not be taken as financial advice. Youth Investment Group has no liability for personal financial interests or investment decisions. You should make your own investment decisions based upon your own research and what you believe is best for you.

Written by Tyger Fitzpatrick, Founder of Youth Investment Group

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