How to buy Tesla (TSLA) shares from Australia

By   |   Verified by David Boyd   |   Updated 20 Sep 2023

The world of share markets can be a confusing one, but you will be surprised by how easy it is to trade in Tesla (NASDAQ: TSLA) shares. Our guide will walk you through the entire process.

New to trading the US markets? Read our complete guide to buying US stock.

About the company

Tesla overview

Established in 2003 by tech entrepreneur Elon Musk, California-based Tesla’s core business is manufacturing electric vehicles and solar energy products, including small and large-scale solar batteries.

Tesla has for many years led the way in electric car sales worldwide.

Unsure about what trading platform to use?

Where to buy Tesla shares


On website


  • Trade and invest in top financial instruments, including a wide selection of stocks.
  • eToro is regulated by CySec, FCA, and ASIC.
  • Your funds are protected by industry-leading security protocols.
  • Earn up to 5.3% annual interest on your balance.
Saxo Markets

On website

Saxo Markets


  • Invest in 23,500+ stocks from ASX, New York, Hong Kong, and 50+ other global markets.
  • No platform fees, no inactivity fees, and no FX fees on each trade.
  • Analyse, improve and manage your risk using intuitive trading tools.

On website


  • Enjoy low, transparent fees.
  • An option to Autoinvest. Set-and-forget your investment strategy.
  • Simply invest into any ETF from one of Pearler's ETF managers for at least one year, and it's free.
  • Clearing House Electronic Sub-register System (CHESS) sponsored.

On website


  • Open an account with just $100 and start investing today with a $5 flat-free brokerage ($0 on US shares) on share trades.
  • Buy and sell US shares & ETFs with $0 brokerage plus trade unsettled funds.
  • Fund your account in minutes with PayID and enjoy realtime FX transfers for fast US share trading.
Tiger Brokers

On website


  • Available for ASX, US & HK stocks trading, ETFs, and US options trading.
  • Free market data for ASX and US stocks.
  • More accessible investment to all with a demo account.

On website



  • Trade AU & US stocks, ETFs, and Options with $0 commission for the first 30 days.
  • Provides intuitive and powerful advanced charts, multiple technical indicators, and premier Level 2 Advance (Nasdaq TotalView).
  • Regulated by ASIC.


  • Invest from as little as US$5.
  • No deposit or withdrawal fees.
  • Allows you to trade fractional shares.
  • Access to advanced trading tools.


  • Scarcity of instructional resources for investors.
  • Supports AU and US markets only.



  • Trade blue-chip stocks in AU and US markets.
  • Trade multi-markets and multi-products with a lower commission. No custodian fee.
  • CHESS-Sponsored trading is now available.
  • Regulated by the Australian Securities and Investments Commission (ASIC).

Compare online brokers on Finty. Research fees, commissions, tradable assets, markets, etc.

First time buying?

How to buy Tesla shares

Step 1: Choose a broker

To buy Tesla shares online from Australia, you will have to find a broker that offers access to US markets.

Fortunately, there are a number to choose from, and many will offer different features, including:

Fractional share trading

A big plus of buying US shares is the opportunity to purchase fractional shares. This means that instead of buying the full share, you can buy just a part of it. This is particularly helpful when you are dealing in shares such as Tesla, which do not come cheap.

Commission-free trading

Another bonus of using a platform that trades is US stocks is the opportunity for commission-free trading. Some online brokers offer this feature and it can save you plenty of money.

Easy-to-use trading platform

Some platforms are quite complicated, with a host of products and options available. Platforms that are easy to navigate are generally the way to go.

Research and reporting

Look for a platform that has a solid research and reporting section that can give you important information about Tesla, including company overview, price history, recommendations and price forecasts.

Step 2: Transfer funds to your account

After choosing your broker, it is time to deposit money into your brokerage account. Be warned that these funds might not clear immediately, so you can't rush into any purchase.

Step 3: Decide how much you want to invest

As mentioned above, you don't have to worry about the expense of a full Tesla share – you can instead buy a fractional share. If the value of one share expands, the same is true even for a fraction, so you can still easily see profits and at a smaller risk.

If the price does drop this makes it easier to purchase even more stock and lowers the average price you have paid.

Step 4: Shares or an ETF?

Instead of buying shares, it might be worth looking into an Exchange-Traded Fund. This is basically a mutual fund that can be traded as easily as shares, allowing for a more diverse portfolio.

ETFs are a ‘basket’ of shares and bonds, which you can invest in like any other share. However, the yields may not be as high as individual stocks and not as exciting as share investing if you are an active trader.

ETFs such as Invesco QQQ Trust (QQQ), SPDR S&P 500 ETF Trust (SPY), iShares Core S&P 500 ETF (IVV), Vanguard S&P 500 ETF (VOO), and ARK Autonomous Technology & Robotics ETF (ARKQ) all have exposure to Tesla.

Step 5: Decide your order type

You can configure your order to protect your position. These are some popular options.

Market order

A market order is the most simple, being executed at whatever the market price is the moment it is made.

Remember that in fast-moving markets, these prices can change while you're making the trade, so they can be slightly different to what you wanted. Let’s say you search for Tesla shares and they are trading at US$610. You place an order but by the time it executes the share price has dropped to US$600. That is the price you will pay.

Limit order

With a buy limit order, your trade will only execute when the share price reaches the price, or lower, that you nominate. Let’s say you decide you only want to buy Tesla shares at US$600 or lower. Once the price drops to $600, your limit order will kick in.

Stop limit

This is when you nominate a price at which to sell your shares. When that price is reached, your sell order is executed. For example, you decide you want to sell your Tesla shares at US$610. Once the price reaches US$610, the stop limit executes.

Stop loss

This helps you reduce risk. With a stop loss order, you nominate a price at which you decide to sell your shares. If the share price drops a lot, for example, the stop loss means you sell out before your shareholding suffers too much damage.

Step 6: Execute your order

Once you've made all your choices, it's time to place your order. Open your trading platform, type in the Tesla share code (NASDAQ: TSLA) and execute the order you want. This is usually as easy as clicking a button.

After you buy

What moves Tesla's share price

There are a lot of factors that go into the company’s performance, including company announcements and reports, new products, and competition in foreign and domestic markets.

Also, keep an eye on news about the company and developments in technology. These can all play into the share price.

Disclaimer: We put our customer’s needs first. The views expressed in this article are those of the writer’s alone and do not constitute financial advice. Advertisers cannot influence editorial content. However, Finty and/or the writer may have a financial interest in the companies mentioned. Finty is committed to providing factual, honest, and accurate information that is compliant with governing laws and regulations. Do your own due diligence and seek professional advice before deciding to invest in one of the products mentioned. For more information, see Finty’s editorial guidelines and terms and conditions.