Beginner's guide to buy Tesla shares

Written by
Tamás D.
Fact checked by
Updated
12h ago

Buying shares in Tesla (TSLA), one of the most valuable companies in the world, can be a great opportunity to benefit from the growth of electric vehicles and clean energy. Tesla is a favorite among investors; however, for those new to the stock market, purchasing Tesla shares may seem overwhelming.

This article acts as a beginner's guide for how to buy Tesla shares. With this guide, you'll be able to learn all the basics in order to confidently make your first investment in Tesla, whether you're looking to invest for the short or long term.

THE ESSENCE

  • The cost of buying Tesla shares is made up of the stock's share price and a commission charged by brokers
  • It is possible to buy only one, or even less than one Tesla share
  • To buy shares in Tesla, you have to open an account at a brokerage and deposit money to it

How much does it cost to buy a share of Tesla?

The cost of buying one share of Tesla depends on the share price at which the stock is trading, and the cost of the trade itself. This is called a commission and is charged by your brokerage firm.

As of February 2, 2023, Tesla shares were trading at around $180 per share. However, as stock prices can change quickly from day to day, you should check the current stock price before making any investment decisions.

When you buy Tesla shares, you may also be charged a commission fee by your brokerage firm, which can vary depending on the broker. Luckily, an increasing number of brokerages today offer commission-free trading for stocks.

Find the right broker to buy Tesla shares

Save time by using the tools developed by BrokerChooser experts to find out how much it costs to buy one Tesla share, and which brokerages offer commission-free trading. The quickest way to find an answer is our Brokerage Fee Calculator, where you can check exactly how much it costs to buy Tesla shares at the current price, at each broker. Commission-free brokers are highlighted and listed at the top. 

You can also use our Find My Broker tool to find commission-free brokers available in your country that offer stock trading, while in Compare Brokers you can see how various brokerage fees stack up against each other.

How to buy your first Tesla share

Is this your first stock trade ever? Try our dedicated step-by-step guide where we guide you through the process of opening your first broker account and buying your first stock, whether it be Tesla or something else.

Can you buy one share of Tesla stock?

Yes, it is possible to buy one share of Tesla stock.

You can buy shares traded on stock exchanges individually, at the current market price, with no minimum requirement on the number of shares. 

Buying one Tesla share in the eToro mobile app

With the increasing availability of fractional shares at brokerages, there is not even a minimum purchase amount you need in order to own Tesla stock. This way, you can buy less than one Tesla share, a smaller piece of the stock.

You can find which brokers offer fractional trading in our Compare Brokers tool (check under the 'Markets and products' heading). Here’s a good example of how to buy fractional shares at an online broker.

How many Tesla stocks should you buy?

The appropriate number of Tesla stocks to buy depends on your personal preferences, such as investment goals, financial situation, risk tolerance and diversification strategy. You should consider your overall financial plan, understand the risks involved in investing in stocks, and consider diversifying your portfolio with a mix of stocks and other assets.

Read some additional tips for beginners investing in stocks for the first time. 

What do you need to do to buy a Tesla share?

Here is a quick beginner's guide on how to buy shares of Tesla:

  1. Find a good online broker: In order to buy shares of Tesla, you'll need to open a brokerage account with a firm that offers the ability to trade on the Nasdaq stock exchange.
  2. Open an account at the broker.
  3. Fund your brokerage account: Once you opened an account, you will need to deposit money on it before you can place an order to buy shares.
  4. Place an order: If you've decided how much you want to invest, you can place an order to buy shares of Tesla through your brokerage account.
  5. Monitor your investment: After you've purchased shares of Tesla, you should regularly review the stock's performance, news and any financial updates.
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Further reading

Author of this article

Tamás Deme

Investments • Stock market • Financial journalism

With over two decades of experience as a financial journalist, proofreader, copy editor, and editor, my mission revolves around making financial knowledge accessible to all. I firmly believe in the power of clear and straightforward writing. My past roles include contributing to Interfax news agency and covering M&A deals for EMIS DealWatch.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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