Tesla stocks - brief description and characteristics

Description and history of Tesla

Martin Eberhard and Marc Tarpenning established Tesla as Tesla Motors in 2003. Following his investment, Elon Musk was named the company's chair the following year. Both individuals, along with Tarpenning and early recruits Ian Wright and J.B. Straubel, were given permission to use the title "co-founder" via an out-of-court settlement of Eberhard's lawsuit against Musk after Eberhard's removal as CEO.

The firm was established as a manufacturer of electric cars and associated parts, but it has since grown into the production of energy generating and energy storage devices. On June 29, 2010, Tesla released an initial public offering (IPO) to the public.

From its previous location in Palo Alto, California, Tesla relocated its headquarters to Austin, Texas, in 2021. Founder and CEO of Tesla, Elon Musk.

For investment reasons, Tesla's stock is categorized under the consumer discretionary category. Ford Motor Co. (F) and General Motors Co. (GM) are two well-known

manufacturers, while Lucid Group Inc. (LCID) and NIO Inc., a Chinese company, are two more recent, rapidly expanding producers of electric vehicles (NIO). Tesla reported a $5.6 billion net profit on $53.8 billion in sales for the fiscal year that concluded on December 31, 2021.
 

Tesla stock performance

Tesla's share price was $33.87 at the end of 2012. Shares increased to well over $200 three years later. Shares increased to almost $340 by December 2017.

Prior to its five-for-one stock split in 2020, the price of a single share of Tesla had surpassed $500.

Tesla stock has continued to soar since the stock split in 2000. In the first quarter of 2020, Tesla stock fell below $100 before rising to $1,200 around 18 months later. Tesla's stock was worth $1,077.60 at the conclusion of the first quarter of 2022.

Tesla does not pay dividends from their stock. Tesla Motors, Inc. (TSLA) is regarded by many as a company with a high risk/high return ratio and is one of the most intriguing public firms in the world.

Although it is still difficult to forecast, Tesla's future holds enormous promise. Investors in TSLA should be realistic in their expectations and take into account any hazards that Tesla may encounter in the next five to 10 years.

The company has a long uptrend fueled by the firm’s innovation genius. The global COVID-19 pandemic has not left TSLA stock untouched with a wide price swing range, even though fairly sideways, caused by global chip shortage, delivery times, and overall economic downturn.

Trading Tesla (TSLA) with Purple Trading

To start your Tesla CFDs trading, first you need to locate the ticker TSLA on our Purple Trading MetaTrader 4 platform. To open a trade, either double-click or press the new order button, and the following window will pop up.

Lot value calculation

When you open our MetaTrader 4 platform and click on the TSLA ticker, you'll observe that the minimal volume for trading Tesla CFDs is one lot (1.0). If you trade one lot, you will gain or lose 10 USD for each 10 USD the stock makes as you are buying at a 1:1 ratio (1 lot equals 1 share).

For example, you buy 5 lots at 300 USD, and Tesla goes to 310 USD. Your total profit will be 50 USD (calculated as 10 USD (1000 cents) movement * number of lots/shares per the move). The same logic applies to calculating your profit or loss when entering a short position.

Keep in mind that TSLA is quoted in US dollars, therefore if your account is in EUR or another currency, your profit or loss must be converted to EUR at the current exchange rate.

You can trade at the current market price (market execution) or utilize pending orders, (limit and stop orders). You can initiate the trade without the stop-loss and take-profit orders now and add them afterward.