Tesla, Inc., synonymous with innovation and led by the visionary Elon Musk, has revolutionized the automotive and energy industries with its commitment to electric vehicles and sustainable energy solutions. As we move into 2024, investing in Tesla stocks has become a topic of keen interest for both seasoned and novice investors alike.  

This guide will take you on a journey through the essentials of how to buy Tesla stock online, analyze the Tesla stock price, and pinpoint the best times to invest in Tesla stock. Whether you’re looking to make your first purchase or seeking to optimize your portfolio, you’ll find strategic insights and practical tips to navigate the dynamic world of Tesla investments. But first, let’s talk more about the company itself. 

Tesla’s trailblazing trajectory: pioneering the electric revolution 

Founded in 2003 by a group of engineers who set out to prove that electric vehicles could be better, faster, and more exciting than gasoline cars, Tesla has become synonymous with the electric vehicle revolution. Under the leadership of CEO Elon Musk, Tesla not only achieved these goals but also propelled the car industry towards a sustainable future. 

The company’s first vehicle, the Tesla Roadster, debuted in 2008, shattering preconceived notions about electric vehicles by offering high performance and a significantly longer range of travel than other electric cars on the market. 

Tesla’s introduction of the Model S in 2012, followed by the Model X and later the Model 3, each marked milestones in terms of performance, safety, and affordability. The Model 3, launched in 2017, especially stands out as a critical success, becoming then the world’s best-selling electric car, thanks to its more accessible price point and robust features. This success has been bolstered by Tesla’s expansion into battery technology, energy storage solutions, and solar energy products, making it more than just an automaker. 

Tesla’s strategy of direct sales, bypassing traditional dealerships, revolutionary software updates, and supercharging stations, has set a new benchmark in the automotive industry. The company’s persistent innovation and scaling of production capabilities have not only fueled its stock performance but have also firmly positioned it as a leader in the global shift towards renewable energy and smart mobility solutions. 

Tesla’s stock performance: a 5-year overview 

Over the past five years, Tesla Inc. (NASDAQ: TSLA) has shown remarkable growth in the stock market, illustrating the increasing investor confidence in its business model and technological advancements. As of July 3, 2024, Tesla’s stock price stood at $231.26, which marked a significant rise by 1,388.16% compared to five years earlier.  

Tesla’s market capitalization has reached approximately $724.65 billion, emphasizing its position as a major player in the automotive and clean energy sectors. The stock hit its highest at $299.29 and dipped to its lowest at $138.80 during the past year. This volatility reflects the dynamic nature of the tech and automotive industries, coupled with external economic factors influencing market movements. 

The stock’s impressive climb started around early 2020, peaking in 2021, followed by a period of adjustment where the price saw some declines, stabilizing in subsequent years.  

This five-year performance of Tesla’s stock not only mirrors the growing adoption of electric vehicles and sustainable energy solutions but also the innovative leadership under Elon Musk. However, potential investors should consider the inherent risks associated with the volatility seen in Tesla’s stock prices over the years. 

Quarterly update: a snapshot of Tesla’s stock’s performance 

When we talk about Tesla today, Tesla’s stock performance in 2024 continues to capture the attention of the market, reflecting a robust uptick in vehicle deliveries and financial outcomes that surpass expectations.  

For investors looking to engage with or deepen their stake in Tesla stocks, staying informed on these quarterly results is crucial. To closely monitor Tesla’s shares, platforms like Yahoo Finance, Bloomberg, and CNBC offer real-time data and comprehensive analysis.  

Additionally, users of the amana app can access tailored financial insights and live stock performance updates, making it a convenient tool for both new and experienced investors. What’s more, amana users can view a stock’s performance for the day, week, month, quarter, 6-month period or the full year. This integration of technology and information ensures that stakeholders are well-equipped to make informed decisions in the dynamic landscape of stock investment. 

Timing Tesla: strategic entry points for investing 

Investing in Tesla stocks requires careful consideration of market trends and the company’s business cycles. Historically, opportune moments to invest often aligned with announcements of new technological innovations, expansion into new markets, or significant improvements in production capabilities. Additionally, periods of market dips or corrections can also present potential entry points for investors.  

It’s crucial to monitor Tesla’s quarterly earnings reports and strategic announcements, as these can significantly influence stock prices. As with any investment, it’s advisable to consider both the potential growth opportunities and the inherent risks involved in the market’s volatility. Investors should conduct thorough research or consult with financial advisors to tailor their investment strategies according to their financial goals and risk tolerance. 

How to buy Tesla shares? 

Investing in Tesla has never been more accessible, thanks to platforms like amana, where you can buy Tesla shares with zero commission.  

amana stands out in the investment landscape by offering no hidden fees and the flexibility of fractional trading, allowing investors to start small and grow their portfolios at their own pace.  

With over 2,300 US stocks available, including giants like Tesla, Apple, and Amazon, as well as a variety of ETFs, amana caters to a diverse range of investment interests and strategies.  

Whether you prefer trading physical stocks or leveraging your positions, amana ensures a seamless experience with no minimum balance, instant execution, competitive spreads, and dedicated 24/6 customer support available in both English and Arabic. 

How to sell Tesla shares? 

Selling Tesla shares is straightforward and efficient with the amana app, designed to streamline your trading experience. With amana, investors can effortlessly divest their holdings in Tesla stocks or any other US stocks without encountering withdrawal or funding fees.  

amana offers a seamless transaction process with zero fees on all card deposits and withdrawals, ensuring that your investments are as cost-effective as they are potentially lucrative.  

Whether you’re looking to invest or adjust your portfolio, amana’s versatile platform supports your financial goals with unparalleled ease and efficiency. 

Bottom line 

As we look at the horizon of investment opportunities in 2024, Tesla might be a stock that could be added to your portfolio.. Under the leadership of Elon Musk, whose remarkable achievements have continuously pushed the boundaries of technology and sustainability, Tesla remains a magnet for forward-thinking investors. 

While the best time to invest in Tesla stocks can vary, staying updated with market trends through reliable platforms like amana ensures that you are well-positioned to make informed decisions.  

amana simplifies the process of buying and selling shares, making it more accessible for everyone to engage with the stock market. Whether you are a seasoned investor or new to the stock market, consider exploring Tesla as a part of your investment portfolio, supported by the comprehensive tools and resources available through amana.