I Want To Buy Tesla Stock REPACK
The price of Tesla shares then began trading on a split-adjusted basis the following day, August 25. A stock split has no impact on the overall value of the company or the value of your total investment. The share price is adjusted down to reflect the increased number of shares that are now outstanding.
i want to buy tesla stock
With dollar-cost averaging, investors add a set amount of money to their position over time, and that really helps when a stock declines, allowing them to purchase more shares. High-flying stocks can dip from time-to-time, so the strategy can help you achieve a lower buy price and higher overall profits.
Over the trailing-10-year period, few S&P 500 components have delivered for shareholders quite like electric-vehicle (EV) manufacturer Tesla (TSLA 2.48%). Even after a pullback that's seen Tesla stock lose close to two-thirds of its value, shares are up nearly 5,900% in a decade.
But despite Tesla's outperformance since going public, it's a stock that I wouldn't buy with free money. While recognizing that it's North America's leading EV manufacturer, I wouldn't touch Tesla stock with a 10-foot pole for the following seven reasons.
The fifth reason to not buy Tesla stock (even with free capital) is its valuation. As I noted above, optimists love to value Tesla as more than a car company. But its operating results clearly show that its profitability is entirely dependent on selling EVs and, to a far lesser extent, on selling renewable energy credits and leasing its EVs.
Even with Tesla's stock getting clobbered over the trailing 12 months, it's still valued at an aggressive multiple of 34 times Wall Street's consensus earnings. Not only do I believe this earnings-per-share estimate will continue to fall throughout the year, but I see no justification for Tesla to trade at a 34 multiple in a commoditized industry where high-single-digit price-to-earnings ratios are the norm.
The electric-carmaker's stock lost 65% of its value in 2022. And the company kicked off the new year with yet another plunge, dropping 12% in a single day after disappointing sales figures were announced.
It wasn't just Tesla that saw stock values slide. The stock market as a whole declined in 2022, and within the auto sector, every single automaker saw stock prices go down. Major players like General Motors and Ford fell some 40%, and startups like Rivian and Lucid dropped more than 80%.
A survey by Morning Consult found that between October and November 2022, Tesla's net favorability fell by 20 percentage points among Democrats and rose 4 points among Republicans. That could be affecting sales, since liberal voters tend to be more likely to want to buy electric vehicles.
Musk has also had to sell billions of dollars of Tesla shares to fund his Twitter takeover, which hurt the stock. Musk saw his own personal wealth drop sharply, though he still has more than $100 billion.
Musk himself encouraged that, calling Tesla a "software company." The word "stratospheric" was thrown around a lot as the stock price soared so high that it could not possibly be justified based on Tesla's revenues or production figures.
Tesla stock last closed at $189.19, down 1.37% from the previous day, and has decreased 48.02% in one year. It has underperformed other stocks in the Auto Manufacturers industry by 0.19 percentage points. Tesla stock is currently +85.83% from its 52-week low of $101.81, and -50.77% from its 52-week high of $384.29.
Stash Banking services provided by Stride Bank, N.A., Member FDIC. The Stash Stock-Back Debit Mastercard is issued by Stride Bank pursuant to license from Mastercard International. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. Any earned stock rewards will be held in your Stash Invest account. Investment products and services provided by Stash Investments LLC, not Stride Bank, and are Not FDIC Insured, Not Bank Guaranteed, and May Lose Value. In order for a user to be eligible for a Stash banking account, they must also have opened a taxable brokerage account on Stash.
The Ark Invest CIO said Thursday that the electric carmaker's status as the top holding in three of her funds reflects its share price's potential to surge eight times due to its prospective status as an AI stock.
This week's mania around Tesla stock, which saw the share price of the automaker and sustainable energy company hit its biggest one-day gain in six years, likely has some investors feeling they should hop on that bandwagon.
This strategy provides the benefit of diversification, since funds spread their investments among stock in several different companies and sectors, and makes it far more unlikely that an investor will lose a substantial amount of money.
Investors who want to buy an individual stock shouldn't put more than 5% of their portfolio in it, Hummel said. They should also be wary of a double-dip effect: holding Tesla stock as well as a mutual fund investing in Tesla would boost your overall exposure to the company.
And, investors should consider stocks as part of a broader portfolio of stocks and bonds. Younger investors typically have a larger exposure to stocks relative to older investors because they have a longer time horizon to retirement and can weather any market dips more easily. Older investors closer to retirement, however, typically have a greater share of bonds and cash, which are less volatile than stocks.
Within the My Accounts tab, navigate to Buy & Sell. On the Buy & Sell landing page, choosing the option to Trade ETFs & stocks sends you to the trade order form. All buy orders will execute using your selected account's funds available to trade.
Picking individuals stocks is a lot like playing the lottery. The top best performing 4% of stocks accounted for the entire wealth creation of the US stock market since 1926, which means there were lots and lots of losing stock pickers. Are you sure TSLA is going to continue its mind-blowing trajectory for the long haul?
If your money is burning a hole in your pocket and you need your TSLA right now, choose this type. If stock markets are open, it will execute the trade immediately, or just as soon as the market opens next. The price you will pay will be right around the latest traded price for the stock, give or take a few cents per share.
In prior years, TSLA stock was buoyed almost entirely by top-line revenue growth and the increase in number of vehicles sold. In 2020, the company hit its ambitious 500,000 vehicle target set by Musk five years earlier. Tesla believers that bought over those intervening years were richly rewarded.
Free cash flow is one area where Tesla has shown it is making strides. Cash-flow generation is prioritized by many investors in a high-tech global economy where the time value of money is not insubstantial. That is doubly true for a growth-oriented company like Tesla that needs significant free cash today if it wants to hit ambitious operational targets.
With a traditional brokerage, you open and fund an account, and then you can use the trading platform to purchase shares of stock. Many traditional brokers have made it relatively easy to invest with platforms that allow you to trade almost immediately. You can place orders and have them fulfilled automatically by the platform.
In recent years, the answer to how to invest in Tesla has been answered with the help of fractional shares. Various fintech startups have started providing easier access to stocks by offering to sell you portions of a share.
Whether Tesla stock is a good investment depends on your goals, your portfolio strategy, and what you think about the stock\u2019s chances overall. If you think TSLA has staying power, it might be good in your portfolio as a buy-and-hold play that could offer short-term growth and then steady out over time for more modest growth.
On the other hand, if you think the stock is too volatile, you\u2019re worried about what could happen in the future, and you\u2019re concerned about the antics of Elon Musk and their impact, you might not think Tesla is a good investment.
Tesla went public on June 29, 2010, with an initial public offering (IPO) of $17 per share. If you had bought 100 shares at that time, for $1,700, and you didn\u2019t do anything else and just let the shares grow for the past 10 years, today you would have 500 shares (due to the August stock split) worth approximately $200,000.
Stash Banking services provided by Stride Bank, N.A., Member FDIC. The Stash Stock-Back Debit Mastercard is issued by Stride Bank pursuant to license from Mastercard International. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. Any earned stock rewards will be held in your Stash Invest account. Investment products and services provided by Stash Investments LLC and are Not FDIC Insured, Not Bank Guaranteed, and May Lose Value.
Investing can be seen as a complex subject, but there are ways to make your investments more accessible. Many stock trading platforms simplify the investing process and have democratized access through the elimination of stock commissions.
That means you can buy one share at a time without having to fork over a per-trade commission. Some apps will allow you to set aside money regularly to buy fractional shares, lowering your barrier to investing in these growth stocks even more.
I would also consider conducting your own stock research and using the best stock app to vet any investments recommended by these services. Likewise for this stock to see if its risk profile and investment objectives meet your broader investment portfolio goals.
Some brokerages offer sign up bonuses to give your investing journey a boost. Learn about getting free stocks from online brokers for signing up and funding your account. 041b061a72