How to Buy Tesla Stock on eToro

Written By Mike Munno

Posted July 18, 2023

Want to buy Tesla stock on eToro (and other trading platforms) but not quite sure how? You’ve come to the right place. Today, we’ll break down how to buy Tesla stock on eToro. Whether you’re new to eToro or have an existing account, we’ve got you covered. 

Tesla is an extremely popular company, and eToro is quickly becoming one of the most used investing platforms in the world. It only makes sense that new users of eToro would want to purchase shares of a hot stock like Tesla. 

Even if you’ve bought shares on eToro before but aren’t sure how to proceed with Tesla shares, we’ll talk you through it. 

Buy Tesla Stock on eToro

What is eToro?

eToro is a social trading and multi-asset investment company that allows users to buy, sell, and trade stocks, currencies, commodities, cryptoassets, ETFs, and indices. It was founded in 2007 by Yoni Assia and Ronen Assia, and is headquartered in Israel. eToro has over 20 million registered users worldwide, and is regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC).

eToro is known for its social trading platform, which allows users to follow and copy the trades of other investors. This can be a great way to learn about new investment strategies and to get involved in the market without having to do all the research yourself.

eToro also offers a variety of other features, including a demo account, educational resources, and a mobile app.

Here are some of the pros and cons of eToro:

Pros:

  • Wide range of assets to trade
  • Social trading platform
  • Demo account
  • Educational resources
  • Mobile app

Cons:

  • High fees for some assets
  • Not available in all countries
  • Customer support can be slow

Overall, eToro is a well-regulated and reputable investment platform that offers a variety of features for both beginners and experienced investors. It's worth a consideration whether you're asking how to buy Tesla stock on eToro or not. If you are looking for a social trading platform or a way to trade a wide range of assets, eToro may be the right option for you.

How To Buy Tesla Stock on eToro (New Members): 

  1. Create an eToro account. You can do this by going to the eToro website or app and clicking on the "Join Now" button. You will need to provide some basic information, such as your name, email address, and password.
  2. Verify your account. Once you have created your account, you will need to verify your identity. This can be done by uploading a copy of your ID and proof of address.
  3. Deposit funds. You will need to deposit funds into your eToro account before you can buy Tesla stock. You can do this by using a credit card, debit card, or bank transfer.
  4. Search for Tesla stock. Once you have deposited funds into your account, you can search for Tesla stock. You can do this by typing "Tesla" into the search bar.
  5. Buy Tesla stock. Once you have found Tesla stock, you can buy it by clicking on the "Trade" button. You will need to specify how many shares you want to buy and the price you are willing to pay.
  6. Monitor your investment. Once you have bought Tesla stock, you can monitor your investment by going to the "Portfolio" section of your eToro account. You can see the current price of Tesla stock, as well as the profit or loss you have made on your investment.

How To Buy Tesla Stock on eToro (Existing Members): 

  1. Log in to your eToro account. You can do this by going to the eToro website or app and entering your username and password.
  2. Click on the "Search" bar and type "Tesla". This will bring up a list of results, including Tesla stock.
  3. Once Tesla stock appears, click on the "Trade" button. This will open the "Trade" window, where you can specify how many shares you want to buy and the price you are willing to pay.
  4. In the "Trade" window, specify how many shares you want to buy and the price you are willing to pay. You can also choose whether you want to buy Tesla stock with a market order or a limit order. A market order will buy Tesla stock at the current market price, while a limit order will buy Tesla stock at a specified price or lower.
  5. Click on the "Open Trade" button to buy Tesla stock. This will place a buy order for Tesla stock, and your order will be executed as soon as the stock price reaches your specified price or lower.

Final Words of Wisdom: How To Buy Tesla Stock on eToro

Don’t forget, in order to buy Tesla stock on eToro, you need to have an eToro account. Buying shares of Tesla on eToro is no different than buying any other stock on the platform. 

Buying Tesla stock on eToro is a great way to invest in the future of electric vehicles. Tesla is a leading automaker with a strong track record of innovation. The company is also well-positioned to benefit from the growing demand for electric vehicles.

Many people believe that TSLA is over-valued and over-hyped. I won’t speak to that. But I will say that I know Tesla has made a bunch of people money since its IPO.

People like Jeff Siegel and his readers at Green Chip Stocks.

Jeff Siegel of Green Chip Stocks bought TSLA when it first IPO’d back in 2011. He caught a lot of flack for it too. While Jeff is still a huge fan of Tesla and their mission for EVs, he’s looking at something different these days. In fact, one company he's looking at is an EV company poised to dethrone Tesla. You see, some of Tesla's top executives DITCHED Elon to start their own company. 

And what they've created is impressive to say the least. Take a look for yourself…

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