How do I create a Tesla stock portfolio on eToro?

Written by Nadav Zelver

Reviewed by Wikitoro Team

Introduction to eToro and My Tesla Journey

I've always been an advocate for sustainable innovations, so it wasn't a surprise to my peers when I became deeply interested in Tesla. When I decided to turn this interest into an investment, eToro became my platform of choice due to its user-friendly interface and incredible community of traders.

Understanding the Basics from My Lens

Building a stock portfolio felt like curating my own art collection. Every piece (or in this case, stock) had to resonate with me. Tesla, with its forward-thinking strategies and game-changing electric cars, was my pièce de résistance.

My First Steps on eToro

Setting up my eToro account was simpler than I anticipated:

• Visiting eToro's website felt like entering a digital stock market playground.
• Upon signing up, I went through a streamlined verification process, ensuring my investments were secure.

Navigating eToro: My Personal Tips

To find Tesla, I simply:

• Typed "Tesla" into the platform's efficient search bar.
• Was immediately greeted by a plethora of details, analyses, and community posts about the stock.

How I Funded My Account

Transferring funds into my eToro account was smooth:

• I personally preferred bank transfers, but I appreciated eToro's diverse funding methods.
• A word from my experience: always account for potential conversion fees if you're not dealing in USD.

My First Tesla Share Purchase

The first time I bought Tesla shares on eToro was thrilling:

• Clicking on "Trade" felt like stepping into the future of investment.
• I remember setting a limit order for my first buy, eagerly waiting for the market to match my set price.

Balancing Tesla in My Portfolio

Tesla is an exciting stock, but diversification is key:

• I aimed for Tesla to be a substantial yet balanced part of my portfolio.
• Over time, I've realized the importance of reassessing and rebalancing, based on market dynamics.

Harnessing eToro's Social Trading

Here's a gold nugget from my journey: eToro's community is invaluable:

• I began by following seasoned Tesla traders, gleaning insights from their moves.
• 'Copy Trading' soon became a tool I leaned on, especially during my early days.

Tracking and Tweaking My Tesla Investment

Being proactive is vital:

• I've set aside time weekly to assess Tesla's performance in my portfolio.
• If my Tesla shares grow too dominant, I rebalance to ensure a healthy mix.

Lessons and Insights I've Gathered

• Regularly dive into Tesla's updates and financial reports.
• eToro's market analyses have been a beacon, guiding my trading decisions.

A Note on Fees and Charges

From my time on the platform, always be vigilant about:

• The spread eToro charges. It can influence your returns.
• The overnight fees, especially if you plan to hold positions long term.

Conclusion

Building my Tesla stock portfolio on eToro has been an exhilarating journey, one that's been both educational and profitable. With the rapid evolution of both Tesla and the eToro platform, my advice is to stay informed, stay passionate, and most importantly, enjoy the ride.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.