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About TESLA (TSLA)

Tesla Inc. (TSLA) is an American electric car and clean energy company, based in Palo Alto, California. The firm was founded in July 2003 as Tesla Motors, by engineers Martin Eberhard and Marc Tarpenning.

Since acquiring SolarCity in 2016, Tesla also produces battery energy storage products, for both home and grid-scale use, including solar panels and roof tiles.

Tesla's CEO is South African-born entrepreneur Elon Musk, who previously co-founded payments giant PayPal (PYPL). Musk also founded and serves as CEO at SpaceX, a spacecraft manufacturer. 

Musk has said he sees Tesla as "a technology company and independent automaker, eventually offering electric cars at prices affordable to the average consumer".

TESLA stock price

The TSLA share price, like those of other publicly-traded companies, is directly related to the company’s quarterly and annual revenues, which reflect the demand for its products.

Policies designed to fight climate change are another important driver of Tesla’s stock price. Many regions have started subsidizing electric vehicles and clean energy companies, at a time when the oil industry is facing increased regulation. 

All this creates a benign backdrop for Tesla, but sudden policy changes could be damaging.

Looking at the Tesla share price today, a whole share is already unaffordable for most people. However, at Uphold, you don’t have to buy a whole unit of TSLA stock. As with cryptocurrencies, you can buy fractions of a share, from as little as $1.00 - and still receive proportional dividend income.

The Tesla stock price is ultimately determined by the law of the market: supply and demand. Traders put up Ask (selling) and Bid (buying) orders, and the result, through the order-matching process of Exchange order books, is the current TSLA price. No surprise, then, that the price is constantly moving during market hours.

What the bears are saying

  • Tesla is not profitable: Tesla has not turned an annual profit for a long time, with only a handful of profitable periods in a decade. The firm has a habit of over-promising and under-delivering.
  • More established carmakers will prevail in the long run: While Tesla is a pioneer of electric vehicles, other auto brands have deeper pockets, bigger R&D departments, and better distribution.
  • The company is too dependent on Elon Musk: Tesla's CEO is outspoken, erratic, and a risk-taker, all of which may scare potential investors.

What the bulls are saying

  • Tesla has first-mover advantage: The company was solely responsible for the electric-car revolution. Its competitors are still trying to catch-up.
  • Elon Musk is a visionary genius: Musk often draws comparisons to the late Steve Jobs of Apple, or even engineer and inventor Nikola Tesla, the eponymous inspiration of the brand name.
  • Tesla is not "just" an automaker: Tesla combines many technologies from Lithium batteries to solar panels. The company may soon evolve into a full-service transport company supported by an electric grid and self-driving vehicles.

How to invest in Tesla (TSLA) with Uphold

Forget using complex equity trading platforms - Uphold makes it easy to invest in Tesla shares as well as many other top stocks. You can also buy cryptocurrencies, stablecoins, national currencies, and precious metals). 

You only need a verified Uphold account to buy Tesla shares fast.

Here’s how easy it is to get started:

  1. Go to Uphold.com and click ‘Sign up’. 
  2. Enter your email address, create a password, and complete an identity check.  
  3. Your account will then be activated, and you can start using Uphold.

You can then fund your account with your debit card, credit card, bank account, or crypto deposit. Your Uphold account can be used to make payments to vendors, send money to friends on the other side of the world, and more.

Uphold’s unique ‘Anything-to-Anything’ trading experience will make any currency exchange a seamless process, all commission-free.

Open an Uphold account

*U.S. stock trading is not available in the U.S., U.K., and certain other jurisdictions.

This article is for informational purposes only and takes no account of particular personal or market circumstances, and should not be relied upon as investment, tax, or legal advice. For investment, tax, or legal advice, and before taking any action you should consult your own advisors. Note that assets such as equities present unique risks for investors.

This content is correct as of October 2020

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