Is it worth buying Tesla shares and when is the best time to do so?
One of the basic rules of large investors is to buy shares of those companies whose goods will go to you and which you do not mind buying.
That is, if you consider the production of weapons unethical, then it is clearly not worth investing in securities of the military-industrial complex.
One of the companies that you would like to own shares of is Tesla, because of its contribution to the preservation of the environment and the use of the most advanced technologies.
In addition, we must not forget about the financial side of the issue.
The last few months have seen fairly rapid profit growth, and forecasts for the near future are more than optimistic.
The main arguments in favor of purchasing securities of this company:
Share split – which happened not so long ago, made them cheaper and more accessible. An artificial drop in price always has a stimulating effect on buyers, as it creates the illusion of greater growth prospects.
This has already been confirmed by the market itself; after the split, the securities rose in price by 12% and still maintain a positive trend:
It is much more pleasant to buy an asset for $400, believing that someday its price will reach $2,000 again.
Global perspectives – global trends away from internal combustion engines are increasingly gaining momentum.
It is clear that this will only stimulate sales of electric vehicles and growth in the profits of enterprises that produce them. Moreover, Tesla is still the leader in the production of cars of this type, thanks to the exclusivity of its batteries and the introduction of innovative technologies.
Optimistic plans include , first of all, the opening of factories in Europe and China, the announcement of a budget Tesla model costing only $25,000, and the inclusion of the company’s securities in the S&P 500 index. The last point is especially interesting, since this event will further increase the attractiveness of the company’s shares
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From all of the above, we can say that now is the time to buy Tesla shares, especially since after a strong rise there was a correction, and then the price began to rise again.
The easiest way to make a purchase is in the metatrader trading platform by adding shares of the company from the “Symbols” - “US Stocks” to the “Market Watch” window; the asset itself in the trading platform is called “TSLA”:
After all, despite all the rosy forecasts, one should not forget about the situation with the coronavirus; it is advisable to monitor reports of sales reductions, which can also critically affect the stock price of the company in question.
You can also place stop orders in the trading platform, thereby insuring yourself against surprises in the event of a sharp drop in price.