The American electric vehicle and clean energy firm Tesla, Inc. (formerly Tesla Motors, Inc.) is headquartered in Palo Alto, California. The business specializes in the production of electric vehicles, grid-scale and residential battery energy storage, and solar panel and solar roof tile manufacturing thanks to its acquisition of SolarCity. One of the top manufacturers of electric automobiles in the world is Tesla. Elon Musk is the founder, CEO, and product architect of the business.
Tesla shares in South Africa can be purchased online through a broker. Tesla CFDs are available on many South African online trading platforms. But don’t be deceived—I had to learn the hard way that holding CFDs is not the same as owning the stock.
Tesla shares, which trade on NASDAQ, can only be purchased and owned through a stock broker who offers stocks on American markets. I
Open a trading account overseas. I use Easy Equities, and I created a comprehensive guide that walks you through the process of opening a trading account as a citizen of South Africa, step by step.
Find the ticker symbol for Tesla.
Log onto your Easy Equities account once it has been funded and your account has been approved, then use the search feature to find the Tesla stock ticker (TSLA.)
If you place a buy order within trading hours, the transaction should be completed instantly.
- How to Join a Political Party in South Africa
- How Much Is Apple Tv in South Africa?
- How Much Is Audi R8 in South Africa?
- How Much Is BMW M8 in South Africa?
- How to Clear Your Criminal Record In South Africa
- How to Become An Uber Driver in South Africa
- How to Become an Air Hostess in South Africa
According to Investopedia.com, you are permitted to purchase American securities like Tesla.
You’ll need to FICA your account, which is the only minor obstacle you might encounter. To be honest, I know people who opened an account with EasyEquities and they made no requests that thought were out of the ordinary.
How much can South Africans put into foreign investments?
SARS welcomes foreign investment into our nation with great enthusiasm, but unfortunately, they don’t like it when we withdraw money, which might make it challenging for South Africans wanting to send money abroad.
You might be interested in the following two categories of foreign investment:
Single discretionary allowance for annual investments under R1 million. Your single discretionary allowance, or R1 million, is the amount that SARS permits each South African resident to invest overseas each year. You will instantly be eligible for this; there is no administrative work required.
Is Buying Tesla Stock A Smart Move?
Producing and distributing Tesla vehicles is Tesla Motors (TSLA), a market leader in electric vehicle production and marketing. Its stock is currently trading at $138.99 per share, with a market capitalization of $31.2 billion.
On revenue of roughly $3.6 billion, the company is anticipated to report third-quarter 2016 earnings of $2.00 per share. This represents a 43% increase from the prior year.
Donald Trump’s remarks about reducing government subsidies for electric vehicles have caused Tesla’s stock price to significantly decline, which is expected to have a negative effect on the business. Although there are dangers involved, the company’s performance forecast is still favorable.
In Summary
Tesla shares in South Africa can be purchased online through a broker. Tesla CFDs are available on many South African online trading platforms. But don’t be deceived, holding CFDs is not the same as owning the stock. Elon Musk is the founder, CEO, and product architect of the business. Tesla Motors (TSLA) is a market leader in electric vehicle production and marketing.
Its stock is currently trading at $138.99 per share, with a market capitalization of $31.2 billion. The company is anticipated to report third-quarter 2016 earnings of $2.00 per share.
