Tesla is one of the hottest stocks on the market. Priced at over $600 in June 2021, it has risen a long way since its IPO in 2010 when it was valued at $17 per share.

This means, if you want to buy Tesla stock, you may not be able to afford the full price. Don’t worry.

Here we will show you how to buy Tesla stock cheap using 3 main ways to keep your costs low. This can work for Tesla and other major stocks too.

If you are interested in how to buy cheap shares, then keep reading and we will show you the way.

Table of Content

How to buy Tesla (TSLA) shares cheaper

Here is a closer and more detailed look into exactly how you can achieve this:

Tesla Fractional shares: Where to buy them?

The first way you can set about getting TSLA shares cheaper, is through fractional shares trading. This has become a hugely popular way to trade and made stock trading accessible to everyone.

It is not possible through all stockbrokers, but you can buy fractional shares from $50 at eToro, or from as little as $1 at both Trading 212, and Interactive Brokers though the minimum deposit at IB is $2,000 so it may be a better fit for more experienced traders. You can start with a minimum deposit of $200 at eToro though, and a rock bottom $1 minimum deposit at Trading 212.

Fractional shares trading with all of these brokers is typically commission-free and you can avail of many great features that they all offer. You can compare these using the chart below or Compare Trading 212 and eToro with our handy comparison tool.

Tesla Fractional shares Fractional shares From: Fees* Minimum Deposit Link to the broker
eToro $50 $0 $200 Visit eToro (77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.)
Trading 212 $1 $0 $1 Visit Trading 212 (83% of retail CFD accounts lose money)
Interactive Brokers $1 From $1 $2000 Visit IB (74-89% of retail CFD accounts lose money)

* Only for real stock trading

Tesla with Margin: Invest in Tesla with CFDs

The next way you can get involved in buying Tesla shares with less capital is to buy Tesla CFD shares. These are offered by almost all of the major forex brokers who cater for CFD stocks.

If you would like to know more details you should definitely check our best brokers offering CFD Stocks for a rundown of all the best.

It is worth remembering that CFDs are not the best for long-term investment since you will have to pay a daily overnight fee when holding the position. For long-term investing, fractional stocks are better.

Below you will see a selection of excellent CFD brokers and their fees and minimum requirements. You can also trade real stocks with eToro as well as CFDs. To analyze more features than you see below, you can eToro vs Pepperstone using our easy comparison tool.

Tesla CFD shares Minimum CFD Investment Fees Minimum Deposit Link to the broker
eToro $50 0.09% $200 Visit eToro (77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.)
Pepperstone 20% share $0.02 per share $0 Visit Pepperstone (74-89% of retail investor accounts lose money when trading CFDs)
Admiral Markets 20% share $0,20 per share $100 Visit AM (76% of retail CFD accounts lose money)

ETF with exposure in Tesla: Where to find them

A third way to get into Tesla stock at a nice price is to choose an ETF that includes Tesla stock within it. There are many now focused on the EV sector so you can choose one of these that focus on this fast-growing area and company, or an Automotive/Tech ETF that is also likely to feature TSLA.

One good example as you will see in the chart below, is the XLY ETF. This can be traded at eToro completely commission-free. You can also invest in this ETF as real with the broker.

The chart below showcases this, and other ETFs you can choose from, though many more are also available.

ETF Issuer Apple explosure TER (total expense ratio)
VCAR Simplify ~ 15% 1.09%
IYK iShares ~ 13% 0.43%
XLY SPDR ~ 12% 0.12%

TSLA Real shares vs CFDs vs ETFs: Pros and Cons

In the table below, you can have a closer look at the key pros and cons we have highlighted when it comes to how you buy Tesla stock cheaper:

Can you lose more than you invested? No Yes Yes (with margin)
Spread May be applied May be applied May be applied
Environment Stock Market Broker Market Stock Market
Margin Trading (leverage) No Yes May be offered
Overnight Fees No Yes Yes (with margin)
Performance Fee No No Yes

Tesla stock split: When will it happen?

There has only been one Tesla stock split since the IPO. This took place in 2020 and the split ratio was 1:5. This means that for every share you had before, you now have 5 shares. These 5 shares would now be worth close to $3,000 as of June 2021.

 Splits Date Ratio Shares owned
IPO Launch 29/06/2010 / 1
1st Split 31/08/2020 1:5 5

There has been no further Tesla stock splits announced, though the next one is unlikely to be soon given that they just had one in 2020.

Investing in Tesla – FAQs

How can I invest in Tesla stock?

In order to invest in Tesla, you need to open an account with a stockbroker, and deposit the amount of money needed to invest in Tesla shares as well as the minimum deposit required by the broker. The amount ranges from $1 to the full price of the Tesla Stock depending on the broker chosen. The minimum deposit also varies.

How much does it cost to buy stock in Tesla?

The cost depends on the price at any given time which is subject to change. As of June 2021 the price is around $600 per share. You can check the Tesla MorningStar page to keep updated on the current stock price.

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About The Author

Filippo Ucchino
Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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