How to Invest in Tesla from UAE (2024 Update)
If you’re an active investor, it is likely that you’ve previously considered investing in Tesla. And if you’re new to investing, you may wonder how to invest in Tesla from UAE.
Since the end of 2018, Tesla’s (Nasdaq: TSLA) stock has been climbing at making massive returns. The stock gained +900% !!
In this article, you will have answers on the below questions, and some more:
- How to buy Tesla stock from UAE
- How much would I have if I invested $1000 in Tesla in 2019
- What are some of the different ways to invest in Tesla from UAE
The USA based company is considered one of the biggest the tech companies, along with Google(Nasdaq: GOOGL) , Apple (Nasdaq: AAPL) and Facebook (Nasdaq: FB).
Founded in July 2003, the company’s name is a tribute to inventor and electrical engineer Nikola Tesla. In February 2004, via a US$6.5 million investment, X.com co-founder Elon Musk became the largest shareholder of the company and its chairman.
He has served as CEO since 2008. According to Musk, the purpose of Tesla is to help expedite the move to sustainable transport and energy, obtained through electric vehicles and solar power.
Tesla's Stock History:
Over time, Tesla stock (TSLA) has seen tremendous growth. It has increased 18 times in 5 years time. On January 2019, Tesla shares were selling for $23 each, while now the stock price is +$230 at the time of updating this article in 2024.
A $1000 investment made in 2019, only 5 years ago, would be worth $10,000,
Here is the historical chart of Tesla stock price in 5 years time
How to Invest in Tesla from UAE:
There are several ways to invest in Tesla if you are living in Dubai or in UAE in general.
1. Buy Tesla Stock Through an Online Broker:
If you want to buy Tesla share and own the stock in UAE, you can open an account with an online broker. However, it’s highly recommended that you look for brokers that is trusted with minimal trading fees.
The best and most popular online broker to invest in Stocks and fractional stocks in UAE is eToro.
Here are the steps of buying Tesla stock through eToro:
Step1: Register to eToro
Click here to visit eToro website, choose a username, email, password, read the terms & conditions, accept them if you wish and click Join now
Step 2: Verify Your Account
Follow the steps of verifying the account and provide the required information that includes your personal details and proof of your identity and residential address.
After finishing the verification process, it will take eToro a couple of days to check the information and get your account fully verified.
Step 3: Fund your account
eToro accepts different types of payment methods including wire transfer, PayPal, Skrill, Neteller, Visa, MasterCard.
You must know that the minimum deposit is $200 and platform won’t allow you to deposit less.
Step 4: Buy Tesla Stock!
Now you have your account verified and funded. It’s time to buy your favorite stock.
You can find Tesla stock by writing “Tesla” in the search box above
One you click on Tesla stock, click “Trade”, choose the amount you want to buy, and Tesla stock will be in your portfolio
For further details, check out our How to Buy US Stocks from UAE article.
2. Buy Tesla Stock CFD Through Trading Platform:
Another way of investing in Tesla from UAE is to buy the stock CFD.
When you buy the CFD, you don’t actually own the stock, but rather you bet on the price movement. In other words, if you make a long “Buy” position, and the price goes up, you make money, and vise versa.
Now the question that will come to your mind, “Why do would I want to buy the stock CFD while I can own the stock itself?”
Actually, many investors and traders prefer CFDs trading to owning the stock because CFD brokers provide you with leverage. It means that if you invest $1,000, you can open large positions as if you are trading with $10,000 and $100,000, and make the same profits as you are trading with those big amounts, thanks to the leverage.
XTB received the ‘Best Trading Platform’ award in 2016 and was voted the top-rated Forex and CFD Broker in 2018 in the Wealth and Finance International Awards.
They make trading simple, and their customer support helps you out with anything you want from opening your account until making your trades.
3. Buy an ETF That Holds Tesla Stock:
If you don’t want to invest in one individual stock because you think it’s risky to put your money in one asset, but still you want to get an exposure to Tesla, then you might want to consider investing in an ETF that holds Tesla along with other technology and next generation internet companies.
There are many great ETFs that give you an exposure to Tesla. Below you can find an example. One of the best ETFs for investing in Tesla and technology sector in general:
The ARK Next Generation Internet ETF (ARKW) invests in the companies that are creating the next generation of the internet. The advisory firm, led by Catherine Wood, has an impressive track record doing what most stock pickers fail to do: beating the market.
5 Years Performance: 602%
Popular Holdings: Tesla, Twitter, Zoom, Shopify
ETF Symbol: ARKW – 50%
How to Invest in ETFs in UAE?
To buy ETFs in UAE by yourself, you must have an account with a brokerage firm registered with the exchange where you want to trade ETFs.
We highly recommend eToro especially if you are not an expert. It has ZERO commission for trading stocks and ETFs. Also, you can benefit from the social trading and watch other people portfolios, and copy the trades of the most successful traders.
4. Buy Tesla Stock Through a Financial Advisor in UAE:
If you don’t know how to do it yourself, or you don’t have the time to research and monitor the news and markets, you can use the help of a financial advisor. It’s their job to be always updated with market trends and potential opportunities. You can tell them that you want to invest in Tesla, and they will help you setting your investing account, advise you with the best time to enter the market, and help you out building a stocks portfolio that will enable you to achieve your financial goals,
You can do your own research to find the best financial advisor in UAE. Also, you can check our recommended list. We chose this list carefully based on popularity, good reviews, the strength of the companies they work for, and the range of products and solutions they provide.
Tesla is the leader in the electric cars industry, and it’s expected to remain leading the industry for many years. Therefore, if you missed the chance to invest in it in the past, it’s never too late, but the most important thing to start now! Wish you all a successful and a safe trading!