How To Buy Tesla Stock | Personal finance
Tesla Stock Fundamentals (TSLA)
For many consumers, Tesla Inc. is synonymous with electric cars and the broader clean energy movement. On Wall Street, Tesla shares are often among the most actively traded stocks, with millions of stocks changing hands every day. The share is listed on the Nasdaq stock exchange under the symbol: TSLA.
In December 2020, Tesla joined the S&P 500, debuting as the fifth-largest member and all-time entry for this key stock index. Tesla is also part of the highly technical Nasdaq 100 index. The automaker is classified in the consumer discretionary sector and grouped alongside other consumer-focused companies like restaurants or retailers.
To understand whether Tesla stock is a good investment, you’ll need to delve into the company’s finances. In its quarterly and annual earnings reports – which it shares on its website and in its files with the U.S. Securities and Exchange Commission (SEC) – you’ll find the balance sheet, income statement, and details of the various Tesla’s business lines.
You’ll also want to research the stock itself. On financial websites, you can find Tesla’s historical performance and key metrics like its price / earnings ratio or earnings per share. Finally, you can read reports written by Wall Street analysts about the company, its valuation, its competitors, the industry at large, and trends that may affect its stock price.