Buy Tesla Stock on eToro

Tesla, one of the companies of Elon Musk, has grown to be one of the world's leading electric vehicle manufacturers and energy generation and storage solutions companies.

Musk, who is the richest man in the world, has drawn attention to his company, with opportunists looking for ways to earn from its rise. 

Buying Tesla stock is a good step towards financial freedom, as the company has shown positive trends over the past few months. 

However, if that is your case, you have come to the right place, as this article has detailed steps to buy Tesla stocks on eToro.

What You Should Know About eToro

eToro, a social investment and multi-asset brokerage company, is one of the safest and most reliable online exchange platforms. It has a total of 10 offices worldwide, including centers in the UK, US, Israel, Australia, and Cyprus.

On the eToro platform, investors can invest both manually (stocks and crypto) and socially (crypto only). You can do this directly on their website or through the eToro mobile app.

By navigating through the eToro platform using the website or mobile app, traders and investors have access to more than 3,000 different financial assets, including cryptocurrencies, stocks, indices, ETFs, currencies, and commodities, which can be invested with or without leverage, giving anyone different investment options that can be short, mid, or long-term investment plans.

The platform is also known for its easy user interface and user experience in trading stock, crypto, and other commodities. If you're looking for how to buy Tesla stock on eToro, the guide below is all you need to get started.

5 Key Steps on How to Buy Tesla Stock on eToro in 10-Minutes

The following steps you see below are confirmed procedures for buying Tesla stocks on eToro without hassle.

1. Create an eToro Account 

The first step to buying Tesla stock on the platform is to create an eToro account. To do this, you’ll have to go to the eToro website and click on the “Join eToro” button to begin the process. After doing so, you’ll be asked to input your username and email address and create a strong password to secure your account. 

After you have successfully done this, read and accept the terms and conditions, and click on “Create account”. By clicking this, you’ve successfully registered on eToro and will be asked to sign in with the username and password that you provided when registering.

2. Verify Your eToro Account and Identity

The second step is called the verification process. Here, you’ll be asked to verify your identity and your account. You can either verify your identity through text messaging or email address. Before you get this done, you’ll need to upload any government-issued identification card and address proof to your account.

This step is important because this is what eToro will use to verify if you are a legitimate person who complies with KYC and AML guidelines. The process usually takes a few business days before verification is complete. If you do not pass this process, you will not be able to buy Tesla stock on eToro, so make sure you provide the right document for verification.

3. Deposit Money into your eToro Account 

Before purchasing Tesla stock on eToro, you need to have money in your eToro account. To do that, you will be required to deposit some funds into your account. The eToro platform allows different kinds of payments, such as card payments, bank transfers, and online payment systems. 

Before you proceed with the payments, it’s important to know that they all have their own processing time and fee structure.

To deposit, select the ‘Deposit Funds’ section on the dashboard and select your preferred payment method. Here, you enter your payment details, such as your personal information, bank account number, and the amount you want to deposit, and then you confirm your transaction.

4. Search Watchlist to Find Tesla Stock

After funding your eToro account, you need to go to the “Watchlist” on the dashboard to search for Tesla stock. When you click on it, the Tesla stock page will appear, providing a place to track the stock performance, historical data, and other vital information related to Tesla stock. When you’re done confirming, click on the “Buy” option to proceed with purchasing Tesla stock.

5. Verify the Details and Buy Tesla Stock on eToro

In this final step, you need to enter the details related to the quantity of Tesla stock you’d like to purchase. You can either select the amount you wish to spend or the amount of Tesla stock you would like to purchase. To do this, click on “Open Trade” to continue buying Tesla stock. When you have reviewed your selection, you then select the “Confirm Trade” option to finalize buying Tesla stock on eToro.

Why you should use eToro to buy Tesla stock

There are lots of benefits when you buy Tesla stock on eToro. Here, I’d mention some of its benefits below:

• eToro has access to a worldwide market, making it very easy to buy Tesla stock on eToro from anywhere in the world.

• The eToro user interface is easy to comprehend for inexperienced users using the platform for the first time, thereby making it easy to buy Tesla stock.

• On eToro, you can buy Tesla stocks for as low as $50

• The platform is extremely secure, as the regulations make the security on this site top-notch.

eToro Security Features

Finally, security is very important when investing in Tesla stock on eToro. Here is what the platform offers:

• Encrypted data storage

• Regulation by the Financial Conduct Authority and the Cyprus Securities and Exchange Commission

• Secure payment processing

• Two-factor authentication

These measures protect your investments and personal details.  

Conclusion

One of the best ways to increase your wealth is by investing in stocks, cryptocurrencies, commodities, and other assets. However, before you should think about investing in any asset, you need to carefully examine its performance and potential in the future. With the few steps listed above, it should be clear to you now how you can buy Tesla stocks and open an eToro account to trade on different stocks.