Tesla is one of the best companies in the luxury automobile & clean energy space. Truth be told, Tesla has carved a niche for itself in the high-end Electric Vehicle (EV) space with exceptional design & state of the art features.
Some of their cars look like they are straight out of a sci-fi movie! What’s more? The TSLA stock has seen a year to date increase of more than $330! But should you invest in a stock that is preferred mainly due to the cult following of its owner? Let’s take a look at the facts & figures around Tesla Inc.
What's The Hype With Tesla?
Tesla is not just a vehicle manufacturer or a clean energy company. It is a brand built around the value of innovation & research with the nuanced business leadership of Elon Musk.
Musk's stellar track record of building businesses such as Zip2 Corporation, PayPal, SpaceX, The Boring Company, Hyperloop, and others can be a solid proposition for investors looking to buy TSLA stocks.
Top 10 Tesla Inc. (TSLA) Products
Apart from this, Tesla is investing heaving in R&D and has vehicle service centres, supercharger stations and self-driving cars. Tesla's automotive sales represent most of the company's total revenue.
Tesla Inc. (TSLA) Stock Information At A Glance
Stock Name: Tesla, Inc. (TSLA)
Share Price: $1,067.95*
Market Cap: $1.072 Trillion
P/E Ratio: 348.78
52 Week Low: $401.66
52 Week High: $1,243.49
Fun Fact: Tesla recently became a part of the S&P 500 US Index.
Historical Performance Of TSLA Stock
Tesla launched its IPO in 2010. There were 13.3 million TSLA shares up for sale at $17 per share.
TSLA has a market cap of approximately $757 Billion. This makes Tesla the world’s largest automobile manufacturer by a fair distance since its market cap dwarfs its competitors:
Toyota Motor Corp. (TM) $194.616B
Honda Motor Co. (HMC) $47.869B
General Motors Co. (GM) $58.956B
Top 10 Tesla Inc. (TSLA) Products
Apart from this, Tesla is investing heaving in R&D and has vehicle service centres, supercharger stations and self-driving cars. Tesla's automotive sales represented 80% of the company's total revenue for Q3 2020.
7 Benefits Of Buying TSLA Stock
A 5th consecutive quarter of profitability.
400% year to date growth of TSLA shares.
Strong backing from millennial & retail investors.
Recent 5-for-1 stock split.
140,000 vehicles manufactured in Q3. A 44% increase compared to 2019.
Total revenue of $8.77 billion. 39% year over year increase.
Free cash flow of $1.4 billion.
Cons Of Buying TSLA Stock
The negative press surrounding Elon Musk.
Missed manufacturing deadlines.
Reputable traders’ recommendation of shorting the stock.
How To Buy Tesla (TSLA) Stock From India?
Long story short, yes you can buy Tesla stock from India in two ways that are direct and indirect. The first way is to buy the Tesla stock yourself using a brokerage account.
There are Indian apps like Cube that allow you to buy US stocks and you'll have to go through the KYC flow and the LRS process to be able to buy TSLA shares. The RBI allows Indian citizens to invest up to $250,000 through the Liberalized Remittance Scheme.
On to the next way that's indirect, through mutual funds. International mutual funds are equity funds that invest in shares of foreign companies like Tesla, Microsoft, and others.
Investing in these international mutual funds will allow you to gain exposure to Tesla stock indirectly with no upper limit to the amount you can invest. Here's an example of these international mutual funds as handpicked by Cube's advisor Wealth First on the Cube Wealth app:
Franklin India Feeder - Franklin U.S. Opportunities Fund
Motilal Oswal S&P 500 Index Fund
So… Should You Buy TSLA Stock?
Banking on a company built on the underlying principle of innovation and design can be a tempting proposition. At the same time, the historical returns indicate that the TSLA stock has done well.
But some experts cite the presence of Elon Musk as the primary reason for Tesla’s continued growth. If that’s the general consensus then Elon Musk’s controversial comments & actions can pose a threat to investors who have bought TSLA shares.
Historical growth & benefits seem to indicate that TSLA is a good bet. But factors such as your risk appetite, investment goals, financial health, and more can determine whether you should invest in TSLA stocks.
Interested in other US stocks? Check out our blogs on: 1. FB stock
Yes, you can buy Tesla stock from India directly. You can download an investment app that allows you to buy US stocks. Check for existing users reviews and app usability before making a decision. Once you've decided on what app to use, you'll have to go through the KYC process mandated by the app and then the RBI's Liberalised Remittance Scheme (LRS) flow. After that, you can transfer money to your brokerage account and invest in Tesla stock from India.
Q. What's the best way to buy Tesla stock?
Investors are generally know to buy Tesla stock from India using an investment app like Cube. On one hand, the process is comfortable and on the other, you'll be able to track the movement of your Tesla stock investment in one place. There are few things that you'll need to remember before investing in Tesla stock from India. The RBI's LRS allows you to invest up to $250,000 in the US per financial year. Along with you, even your bank should be LRS compliant. India and the US have a Double Taxation Avoidance Agreement (DTAA), which means you won't have to pay taxes in both India and the US.
*Note: All facts & figures are as of 11-11-2021. While we update our blogs regularly, check out the Cube Wealth app for detailed facts & figures. Historical performance does not guarantee future success. Please consult a Cube Wealth Coach or enroll for our US Advisory Service, before investing your hard-earned money into any stocks.
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