Tesla is a publicly-traded company, which makes its stock available to anyone of age interested in purchasing equity. In order to become a shareholder, you’ll need to open a brokerage account.
You’ll have a range of brokers to choose from, but it’s wise to choose the one that best complements your financial situation. Brokers offer varying account minimums and trading commissions, so you’ll want to weigh your options before making a final decision.
If you’re worried you may not have enough money to purchase an entire share of Tesla, other services, such as Motif Investing, allow investors to buy fractional shares of equity.
After you’ve selected your broker and determined how many shares you’d like to buy, you’ll be ready to place an order. You’ll need to use Tesla’s ticker symbol on the Nasdaq — TSLA — to proceed.
You’ll then have the option between two orders: a market or limit order. Specifically, a market order allows you to purchase a company’s stock at whatever the current price is. However, a limit order lets you dictate the maximum or minimum price at which you’re willing to buy or sell.
How to Buy Tesla Stock With a Financial Advisor
You may also want to consider an alternative to consulting a brokerage.
If you’re looking for expert guidance with your investment portfolio, a financial advisor could be a great option for you. If you’re new to investing, or even if you’ve got a bit of experience, financial advisors could present a holistic approach to transforming your finances.
Whether it’s structuring your portfolio or determining which investment types to use, financial advisors can help you meet your long-term savings goals.
How do I trade stocks in Ghana?
A prospective investor on the Ghana Stock Exchange must open a securities account with a brokerage house prior to trading in securities.
The process of opening an account is very simple and starts by making contact with a broker of your choice.