Since the year came to a close in 2019, the stock of Tesla (Nasdaq: TSLA) has been steadily increasing while producing good profits. The share price reached a 52-week low of $44 and a 52-week high of approximately $502 during the same time period.
In this article, you will find answers to the questions that are listed below, as well as some additional ones:
- How to buy Tesla stock from UAE?
- How much would I have if I invested $1000 in Tesla in 2016?
- What are some of the different ways to invest in Tesla from the UAE?
Along with Google (Nasdaq: GOOGL), Apple (Nasdaq: AAPL), and Facebook, the corporation that is situated in the United States is considered to be one of the largest technology companies (Nasdaq: FB).
Nikola Tesla was an American inventor and electrical engineer. The company was named after him in honor of its founding in July of 2003. Elon Musk, one of the co-founders of X.com, became the company’s chairman and largest stakeholder in February 2004, when he made an investment of US$6.5 million in the business.
Since 2008, he has been serving in the role of CEO. Musk asserts that the goal of Tesla is to hasten the transition to environmentally friendly modes of transportation and energy production, such as solar power and electric vehicles powered by electricity.
Tesla’s Stock History:
The value of one share of Tesla stock, denoted by the ticker symbol TSLA, has skyrocketed over time. It has climbed by a factor of 18 in only the past five years. In September of 2016, a share of Tesla could be purchased for $39, but as of the time this article was updated in September of 2021, the stock price had risen to $733 per share.
After only five years, an investment of one thousand dollars made in 2016 would be worth eighteen thousand dollars, representing a gain of 1,780 percent.
This is a chart of the price of Tesla shares going back five years, starting at $39 and going all the way up to $733 in September 2021. The chart covers the period from 2015 through 2021.
How to Invest in Tesla from UAE:
There are several ways to invest in Tesla if you are living in Dubai or in UAE in general.
1. Buy Tesla stock through an online broker
2. Buy Tesla stock CFD through trading platform
3. Buy an ETF that holds Tesla stock
4. Buy Tesla stock through a Financial Advisor in UAE
1. Buy Tesla Stock Through an Online Broker:
If you want to buy a Tesla share and own the stock in UAE, you can open an account with an online broker. However, it’s highly recommended that you look for brokers that offer fractional shares. In this way, you don’t have to pay the full price of Tesla stock ($733 at the time of writing this article), instead, you can buy fractions of the share, so if you have $500, you can buy 0.68 of Tesla stock ($500/$733).
The best and most popular online broker to invest in Stocks and fractional stocks in UAE is eToro.
Here are the steps of buying Tesla stock through eToro:
Step1: Register to eToro
Visit the eToro website by clicking the link provided above, select a username, email address, and password, read and agree to the terms and conditions, and then click the “Join now” button.
Step 2: Verify Your Account
Follow the steps in the verification process for the account, and supply the information that is requested, which includes your personal details as well as proof of your identification and residence address.
It will take eToro a number of days to examine the information and get your account properly validated after you have finished the verification process.
Step 3: Fund your account
eToro is compatible with a variety of online payment systems, including as PayPal, Skrill, Neteller, Visa, MasterCard, and WebMoney, amongst others.
You are responsible for knowing that the minimum deposit is $50, and the platform will not let you to deposit any less than that amount.
Step 4: Buy Tesla Stock!
You can now consider your account to be validated and funded. Now is the moment to invest in your stock of choice.
Simply type “Tesla” into the search box located on top of this page to locate Tesla stock.
After clicking on Tesla stock, select the desired amount of shares to purchase, and then click “Trade.” Tesla stock will then be added to your portfolio.
For further details, check out our How to Buy US Stocks from UAE article.
2. Buy Tesla Stock CFD Through Trading Platform:
Buying the stock CFD of Tesla from the UAE is an additional way to invest in the company.
When you buy a contract for difference (CFD), you are not actually purchasing the underlying stock; rather, you are placing a wager on how the price will change. To put it another way, if you take a long “Buy” position and the price goes up, you will gain money, and the opposite is true if you take a short position.
Now, the question that is going to pop into your head is going to be, “Why would I want to buy the stock CFD when I already own the stock itself?”
Actually, due to the availability of leverage offered by CFD brokers, many traders and investors find that trading CFDs is preferable than holding shares in a company. Because of leverage, even if your initial investment is only one thousand dollars, you will be able to open massive positions as if you are trading with ten thousand or one hundred thousand dollars, and you will be able to make the same amount of profit as if you were trading with those large amounts.
In the 2016 Wealth and Finance International Awards, XTB was recognized as having the “Best Trading Platform,” and in 2018, the company was ranked as having the best overall performance as a Forex and CFD Broker.
They simplify trading, and their customer support staff is available to assist you with everything you could need, from setting up your account to executing trades on your behalf.
3. Buy an ETF That Holds Tesla Stock:
If you want to get exposure to Tesla but don’t want to invest in one individual stock because you believe it’s risky to put all of your money in one asset, then you might want to consider investing in an exchange-traded fund (ETF) that holds Tesla along with other technology and next generation internet companies.
There is a plethora of excellent exchange-traded funds (ETFs) that provide exposure to Tesla. One illustration can be found down below. One of the most effective exchange-traded funds (ETFs) for investing in Tesla as well as the technology industry in general:
ARK Next Generation Internet ETF (ARKW) is an exchange-traded fund that invests in businesses that are developing the subsequent generation of the internet. The investment advisory firm run by Catherine Wood has an amazing track record of outperforming the market, which is something that the vast majority of stock pickers are unable to do.
- 5 Years Performance: 602%
- Popular Holdings: Tesla, Twitter, Zoom, Shopify
- ETF Symbol: ARKW – 50%
How to Invest in ETFs in UAE?
You need to have an account with a brokerage firm that is registered with the exchange in UAE where you want to trade ETFs in order to acquire exchange-traded funds (ETFs) on your own.
If you are not an experienced trader, we strongly advise you to sign up for an account with eToro. Trading stocks and ETFs on our platform incurs NO COMMISSION FEES AT ALL. You can also profit from social trading by watching the portfolios of other individuals and replicating the transactions of the traders who have the most success.
4. Buy Tesla Stock Through a Financial Advisor in UAE:
You can seek the assistance of a financial advisor if you are unsure of how to handle the situation on your own, or if you do not have the time to conduct research and keep up with the latest news and market trends. They are responsible for remaining current on all of the latest market trends and prospective possibilities. You can tell them that you want to invest in Tesla, and they will help you set up your investing account, advise you on the best time to enter the market, and help you build a stocks portfolio that will enable you to achieve your financial goals. You can also tell them that you want to invest in something else.
You are free to conduct your own study in order to locate the most qualified financial advisor in the UAE. In addition to that, you can look at the list of our recommendations. This list was carefully selected by us based on a number of factors, including the individuals’ levels of popularity, the quality of reviews they have received, the robustness of the organizations they work for, and the breadth of services and goods they offer.
The electric car business is led by Tesla, and it is anticipated that Tesla will continue to lead the sector for a significant amount of time. Therefore, even if you missed the opportunity to engage in it in the past, there is still time to do so in the future; nevertheless, the most essential thing is to get started right now! I hope everyone’s trading goes smoothly and that everyone stays safe!