Overview of the Tesla company and stock

Tesla

Trade CFDs on Tesla stock and other major stocks, indices, currencies, commodities, and cryptocurrencies on the commission-free Axia Investment platform.

Founded in 2003, Tesla Corporation is an innovative electric and energy vehicle company with a mission to accelerate the world’s transition to sustainable energy. Towards a zero-emissions future, the company specializes in electric cars. It has gone to great lengths to show that electric vehicles can be better and faster than conventional petrol cars.

In addition to Tesla’s electric cars, the company makes products for clean energy generation and storage.

Tesla is headquartered in Palo Alto, California, and operates several production and assembly plants. Since July 2018, Tesla has been selling Model X, S, and 3 cars, solar panels, and related products.

Trading hours

Tesla stock is traded on NASDAQ according to the regular trading schedule:

  • Pre-market trading hours from 4:00 to 9:30
  • Market working hours from 9:30 to 16:00
  • Aftermarket hours from 16:00

How to trade CFDs on Tesla

An investor has two options if he wants to trade stocks. The first option is to buy shares in companies listed in the market. For example, Tesla shares can be purchased on the NASDAQ index so that investors can own part of the company.

Alternatively, investors can trade using Contracts for Difference (CFDs) for a specific stock and take advantage of the price difference of the asset without the investor owning that asset. A CFD is a financial contract, usually between a broker and an investor. One party agrees to pay the other party the difference in the security value between the starting price and the final price. An investor can open a long position (benefiting from a price rise) or a short position (taking advantage of a lower price). This type of investment is considered short-term, as CFDs tend to be used for short periods.

When you trade Tesla shares using CFDs, you will not buy the underlying asset, which means you will not be tied to it. You only benefit from the increase or decrease in the stock price. CFD trading is no different from traditional trading when it comes to investment strategies. A CFD investor can have short or long positions, set stops and limits, and implement trading scenarios that match his goals.

Tesla history and stock price

Tesla was founded by two engineers, Martin Eberhard and Marc Terpenning, in July 2003. The company is named after the famous physicist Nikolai Tesla. The other founders are Jan Wright, JP Strobel and Elon Musk.

In 2006, Elon Musk published the company’s joint master plan and shared the company’s mission to accelerate the adoption of a solar-powered economy. In 2008, the company launched the Roadster, introducing the company’s advanced battery technology. Later in 2009, Tesla unveiled the Model S – the world’s first all-electric luxury sedan to combine efficiency and safety.

On June 29, 2010, Tesla began its IPO, offering 13.3 million shares at $17 per share, thus raising $226.1 million.

In 2015, Tesla launched the Model X – one of the fastest and safest sports cars. In 2016, Tesla created the Model 3 – an electric car with great size and low price.

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د. مرهف العطاسي

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