How To Buy Tesla Stock In Australia 2023

In this article, You will talk about Tesla stocks, the price of Tesla stocks, the minimum number of Tesla shares you can, how to buy Tesla shares, and many more.

The market for electric vehicles is growing day by day. The reasons behind this growth are many, including new regulations on vehicle emissions and safety, technological advances, and shifting customer expectations. But much of the mainstream excitement and acceptance for electric cars can be attributed to Tesla Motors Inc. and its unique business model.

How to buy tesla stock in Australia

Tesla stock Overview 

Tesla Inc. (TSLA) is the world’s biggest and largest automaker by designing, building, marketing value, and marketing fully electric vehicles (EV) and storage systems and energy generation. The Tesla company also provides services through body shops, vehicle service centers, and charging stations. Tesla makes and sells full-size sedans, mid-size sedans, and compact and mid-size sports utility vehicles.

Tesla was established in 2003 as Tesla Motors by Marc Tarpenning and Martin Eberhard. Elon Musk invested in the Tesla company and became its chair the following year. An out-of-court settlement of Eberhard’s lawsuit against Elon Musk after Eberhard’s ouster as CEO allowed both parties to call themselves co-founders, along with Tarpenning and early hires Ian Wright and J.B. Straubel.1 The Tesla company was founded as a maker of electric vehicles and related components and has subsequently expanded into energy generation and energy storage products. The Tesla company went public in an initial public offering (IPO) on June 29, 2010.

In 2021, Tesla moved its headquarters to Austin, Texas, from its longtime home in Palo Alto, Calif. Musk is Tesla’s chief executive officer. Tesla’s stock is grouped with the consumer discretionary sector for investing purposes. Tesla’s main rivals include established automakers such as Ford Motor Co. (F) and General Motors Co. (GM), as well as newer, fast-growing electric vehicle makers like Lucid Group Inc. (LCID) and China-based NIO Inc. (NIO). In FY 2021, which ended Dec. 31, 2021, Tesla posted a net income of $5.6 billion on revenue of $53.8 billion.

The Minimum Number of Tesla Shares You Can Buy

The minimum number of Tesla shares you can buy depends on your online brokerage, and you can buy Tesla fractional shares at some brokers for as little as $1. As of early July 2022, a total Tesla share costs $680.

The ASX Code For Tesla 

The S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (ASX: XAO) were as much as 1.1 percent higher during Thursday’s session following the US Federal Reserve’s decision to hike interest rates.

Tesla Stock Price 

   Tesla stock is worth $864.51 right now

5 Best Places to Buy Tesla Shares 

Here are five best places to buy Tesla shares:

1. Company’s website, where you can purchase shares directly from Tesla.

2. A brokerage account with a qualified financial institution, such as Charles Schwab or TD Ameritrade.

3. direct investment vehicles

4. mutual funds or ETFs

5. You can buy Tesla shares on the open market through a stockbroker.

How to Buy Tesla Stock In Australia

If you are looking to buy Tesla stock in Australia, there are a few things to keep in mind.

  • Find a good online stock broker, 
  • Open your brokerage account, and contact us if you get stuck
  • Deposit money to your account
  • Log in to the trading platform
  • Buy the Tesla shares by placing a market or a limit order
  • Review your Tesla position regularly

How To Invest In Tesla 

Before traders/investors decide to open a position in a stock, they should consider performing due diligence to understand the investment’s potential, opportunities, and risks.

  •  Understand Tesla’s Financial Performance/History

To learn about the financial history/performance of a public company like Tesla, investors/traders can review financial statements and quarterly earnings reports, such as the balance sheet, income statement, and the statement of cash flows. 

Another place to find information about a company’s financial position is its corporate website. The Tesla company publishes quarterly financial disclosures, SEC filings, press releases, annual reports, and information about its corporate governance on Tesla’s investor relations page. In addition to financial performance, investors can find news about product announcements and investor events on this page.

  • Assess Tesla’s Financial Reports & Earnings

The second step is to assess Tesla’s financial reports, earnings, filings, and Earnings Call Transcripts. It’s valuable for investors/traders to sift through the relevant data about Tesla to ensure the company’s earnings per share, business model, and other critical data align with their investment goals.

  •  Evaluate Tesla’s Potential Compared to the Investment Horizon

Financial statements can be helpful, but investors/traders need to know the company’s industry and if investing in that industry aligns with their desired target investment horizon. 

  •  Select a Brokerage

If an investor/trader doesn’t already have an online brokerage account, they will need to open one. Some brokerages offer similar prices and services, but some offer better features like user-friendly mobile apps, 24-hour support, or a better desktop client. Some brokerages offer more data visualization tools to understand better and track investments. Investors/traders can decide which features are most important to them and pick a broker.

  • Choose an Investment Strategy & Size

If a trader/investor decides to purchase Tesla stock, they will need to decide how many shares to buy. Position sizing is a crucial decision that all investors have to make as part of an overall portfolio allocation target. Investors must decide how diversified their portfolio is and how much risk they are willing to take.

Investors/traders can decide what their strategy is for any particular holding. Are they expecting to hold the position for only a long or short period? Some investors or traders may also purchase a stock with a particular price target in mind.

  • Choose an Order Type

A stock like Tesla can be purchased or bought through a market order, a stop order, or a limit order. Investors should research the type of orders and determine which is the best for them.

  •  Submit the Trade

If an investor or trader has decided to purchase shares of Tesla and has decided on the number of shares they want and the type of order they would like to place, they can then submit the order. If it’s a market order, it will be filled at the best available transaction price when the market is open or immediately. The stock will then appear in the trader’s account.

However, if they set a limit or stop order, the investor may have to wait until the stock reaches its stop loss price or its target price for the trade to be completed. In a buy limit order scenario, a portion of an order may be filled at the limit price while another portion remains open, called a partial fill. 

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Q. Is Tesla a good long-term investment?

A. According to Garrett Nelson, vice president, and senior equity analyst at CFRA Research, reiterated Tesla is a “strong buy,” recently giving it a price target of $1,200 per share on its “long-term growth potential.”

Q. Which Australia ETF has Tesla?

A. ETFs such as Invesco QQQ Trust (QQQ), SPDR S&P 500 ETF Trust (SPY), iShares Core S&P 500 ETF (IVV), Vanguard S&P 500 ETF (VOO), and ARK Autonomous Technology & Robotics ETF (ARKQ) all have exposure to Tesla.

Q. How can I buy Tesla stock directly?

A. No, you can’t buy stock directly from Tesla now. To purchase shares, you will need to go through a broker. If you do not have a brokerage account, you will need to open one. 

Q. Can you buy 1 share of Tesla stock?

A. Yes, you can buy just 1 share of Tesla stock. At some brokers, you can buy less than one Tesla stock by investing in fractional shares.

Q. How much is it to Buy Tesla stock?

A. As of early July 2022, the share price of Tesla was $680/share, and the share price moved in a range of $620.46-$1,243.49 over the last year. Your online broker will provide current price information on Tesla stock.


Tesla, Inc stock is a popular energy stock. Before investing your money in Tesla or any other stock, investors should consider evaluating and researching a company’s business prospects, financial position, and risks. Investors should also compare a company to peers that operate in the same industry or other companies whose stocks fit similar investment styles. Performing due diligence is prudent before purchasing any stock.

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