How to Buy Tesla Stock in Kenya
How to Buy Tesla Stock in Kenya revealed. We tested and verified the best way to buy Tesla Stock in Kenya.
This is a complete guide on how to buy Tesla stock in Kenya.
In this in-depth guide you’ll learn:
- What is Tesla stock?
- How to buy Tesla stock in Kenya?
- How to buy Tesla stock for beginner traders?
- Which broker can you use to buy Tesla stock?
- Which broker offers a signup bonus to first-time traders?
- Which brokers offer a $5 (583 KES) minimum deposit for investing in Tesla stock?
- How many Tesla stocks should you buy?
And lots more…
So if you’re ready to go “all in” with the Tesla stock for Kenyans…
Let’s dive right in…
What is Tesla stock?
👉 Tesla Inc. is an American-based company that specializes in automotive and clean energy services and is renowned for the innovative Tesla electric car. Tesla Inc. was founded by Elon Musk and is one of the world’s most valuable companies and remains the world’s most valuable automaker with a market capitalization of more than US$600 billion.
Step by Step how to buy Tesla Shares in Kenya
Step 1: Open an account with a regulated broker in Kenya
👉 The process of purchasing and selling securities such as stocks, mutual funds, and exchange-traded funds begins with the opening of a brokerage account.
👉 Having a brokerage in Kenya is not simply your ticket to buy TSLA stock, though; it’s much more than that.
👉 In addition to this, it provides traders in Kenya with access to all of the research and education resources that they require in order to be a successful investor, in addition to the many types of investment accounts that are tailored for specific objectives.
👉 Because not all brokerages are made equal, traders in Kenya will want to make sure that you examine the fees, available investments, and services offered by at least a few of them before selecting the brokerage that will best serve your needs.
Step 2: Determine an investment budget for TSLA stock
👉 When you have finished paying all of your monthly bills, you are free to save and invest any money that is left over in the account.
👉 If you do not already have an emergency fund, you should prioritize putting at least some of that money into savings for your retirement as well as an emergency fund, if possible. You may put the remaining money into other assets, such as Tesla, example.
👉 The majority of people will invest their money in one of two primary ways: either with a huge sum all at once or with smaller amounts spread out over time.
👉 This latter strategy, known as dollar-cost averaging, could help you reduce the risk of loss while also allowing you to pay, on average, less per share over the course of time.
Step 3: Check on the performance of your TSLA stock purchase
👉 If investors in Kenya have investments in Tesla or any other assets, it is in your best interest to keep tabs on how they are performing on a regular basis.
👉 Using annualized percent return as your point of departure is usually the easiest option. In this method, you will be able to evaluate TSLA’s performance over the course of a year in comparison to that of other businesses or investments.
👉 You can also review the financial information that Tesla has provided to ensure that the company is still headed in the right way.
👉 In addition to comparing TSLA’s performance to that of other stocks, you may also want to measure it against industry benchmarks such as the S&P 500 and the Nasdaq Composite Index.
👉 Both of these indices are market-wide measurements of performance. This will give you an idea of how well Tesla is doing in comparison to the market as a whole.
Overview of Tesla stock for traders in Kenya
👉 Elon Musk, a billionaire, is the CEO of Tesla, which manufactures electric vehicles and is also involved in clean energy.
👉 The Tesla Model 3 sedan, which made its debut in 2017, is the world’s all-time bestselling plug-in electric vehicle, having sold more than 800,000 units prior to the beginning of 2021. Tesla is also the largest seller of plug-in electric automobiles.
👉 One million vehicles were sold by the company in the year 2020, marking a significant milestone for Tesla, which was initially established in 2003 as Tesla Motors.
👉 The company’s subsidiary Tesla Energy is responsible for the production, distribution, and other activities pertaining to solar panels, solar roof tiles, and other associated goods and services.
👉 Tesla Energy is a leading installer of solar power generation systems in the United States and is one of the largest suppliers of battery energy storage systems in the world. Things are looking up for Tesla as the company is getting ready to deliver its futuristic electric Cybertruck.
👉 The market for automobiles that run entirely on electric power is expanding. There are a variety of causes for this, some of which are new restrictions on safety and vehicle emissions, developments in technology, and altering expectations held by customers.
👉 Tesla Motors Inc. (TSLA), with its one-of-a-kind business strategy, is largely responsible for the widespread adoption of electric automobiles as well as the excitement around them.
👉 Tesla, in contrast to other automakers who sell their products through franchised dealerships, deals directly with individual customers. It has established a global network of company-owned showrooms and galleries, most of which are located in metropolitan areas.
👉 Tesla believes that it will be able to obtain an advantage in the speed of its product development if it maintains ownership of the sales channel. However, the most crucial effect is that it improves the shopping experience for customers.
👉 In contrast to automobile dealerships, Tesla showrooms are free of any potential conflicts of interest that could arise. Customers solely interact with employees of Tesla, both in sales and service capacities.
Pros and Cons of buying Tesla shares
👉 Tesla is the single largest electric vehicle company that has managed to corner the market as the first innovative forerunner of green technology and services. There are a number of advantages to buying Tesla stock in Kenya, but there are also several drawbacks, both of which are discussed here.
Pros of buying Tesla shares in 2022
👉 A recent filing with the Securities and Exchange Commission (SEC) seems to take many investors by surprise, despite the fact that Tesla appears to give investors a steady stream of news flow.
👉 A stock split of 5 for 1 was declared by the corporation less than two years ago, and now the company is getting ready for another possible split.
👉 The valuation of the company or its core operations are not affected in any significant way by stock splits. On the other hand, they might be an indication of the management’s confidence. And that, in many instances, translates into gains for the stock.
👉 Since the company announced its most recent stock split in August of 2020, Tesla stock has increased by roughly 300 percent. However, this was primarily the result of the company’s operations and not the stock split.
👉 In 2021, Tesla came close to delivering one million automobiles, which was almost quadruple the amount delivered in the year before.
👉 However, if demand continues to be high and the business is successful in constructing new plants in Texas and Germany this year, it is possible that Tesla may reach a production run rate of 2 million vehicles per year by the time 2022 comes to a close.
👉 This should not come as a surprise, given the head start that Tesla has had for the production of electric vehicles in the United States since its models occupied four of the top five slots for top-selling electric automobiles in the year 2020.
👉 Not only did the company’s overall revenue surpass $50 billion in 2021, but it also produced approximately $5.5 billion in net income during that same year.
👉 The combination of robust customer interest and Tesla’s dominant market position should also lead to a continuous improvement in the company’s profitability. Tesla possesses significant pricing power.
👉 Consequently, while many businesses are striving to find ways to offset rising costs of raw materials and transportation, Tesla has already indicated that it will be hiking prices in both the United States and China.
👉 Even though another stock split could potentially boost share prices in the short term, the performance of the underlying business is what will ultimately determine investors’ profits in the long term.
👉 Tesla is well-positioned to capitalize on the growing demand across the globe as its production is about to skyrocket as its two new plants come online.
👉 It has demonstrated that it is capable of producing enormous profits, and this should be the primary focus of investors regardless of whether or not the company divides the shares.
Cons of buying Tesla Shares in 2022
👉 There is a lack of optimism among many stock market professionals regarding Tesla shares moving forward.
👉 Shares market experts are concerned that the price of TSLA stock has been artificially inflated by production expectations that Elon Musk and the firm haven’t been able to fulfill.
👉 Investors are also of the opinion that it is difficult to gain a firm grasp on exactly where Tesla stands in terms of performance. A little over a year ago, Elon Musk became famous for sleeping on the floor of a Tesla plant.
👉 At the same time, he set up a makeshift production tent in a parking lot in an effort to increase the number of vehicles produced in June.
👉 In order to meet his long-awaited production goal of making 5,000 Tesla Model 3s in a week, reports arose that Musk had mandated forced weekend shifts and plucked workers from other Tesla production lines.
👉 But even as Musk publicly basked in that achievement a year ago, Tesla stock plummeted because investors and experts didn’t believe Tesla could easily sustain those numbers. This caused investors to sell off their shares.
Should traders in Kenya invest in Tesla stocks in 2022?
👉 Analysts in Kenya have a tendency to view Tesla (NASDAQ: TSLA), which has a market valuation of $900 billion and annual revenues of $53.8 billion, as an overvalued stock. Tesla’s annual revenues are $53.8 billion.
👉 However, it appears that attitudes are shifting as a result of the ongoing increase in the price of gas. Naturally, Tesla sales have already begun to skyrocket, and it is believed that this is just the beginning of their meteoric rise.
👉 Because Russia is the nation that produces the most crude oil, which is the primary component of gasoline, and it is currently engaged in a conflict, it is reasonable to anticipate that the price of gasoline will continue to be far higher than what was originally anticipated.
👉 In addition to this, it is almost certain that a large number of countries will lessen their reliance on energy supplied by Russia.
👉 If anything like that occurs, there will be a natural increase in the price of gas since other suppliers will have to adjust their operations to meet the unexpected surge in demand.
👉 There is no denying that Tesla automobiles are expensive. On the other hand, the cost of gas can quickly add up. Those who live in more remote areas of the United States, where owning a car is virtually essential, may find that the high cost of gasoline causes them even more stress.
👉 At the very least from the perspective of the general market, TSLA is still expensive. Earnings and market capitalization aren’t the only things to consider when evaluating a stock, though.
👉 TSLA’s stock price has been significantly overvalued for almost a decade, but despite this, it has continued to rise. Essentially, it would appear that TSLA is unable to benefit from the use of conventional measurements.
👉 In addition, Tesla has maintained an exceptionally high rate of revenue growth, and the company is gradually narrowing the gap that exists between its market cap and revenue.
👉 In spite of this, it is important to keep in mind that the market is extremely unpredictable. There is no question that TSLA, along with the rest of the market, would suffer a precipitous decline in the event that the current global situation results in a recession.
👉 Despite this, it is still believed that even in the event of a recession, TSLA will be able to rebound in the long run.
👉 Tesla has been growing at a rapid rate, and in a world where governments are moving more toward renewable energy, it is not out of the question that TSLA might have a higher market value, especially for investors in Kenya.
Best Brokers for Buying Tesla Shares in Kenya
👉 The company is subject to two sets of regulations and provides clients with access to over 1,600 tradable instruments via the MT4 and MT5 trading platforms, which are among the most widely used in the day trading industry.
👉 ACY Securities places a significant emphasis on technology and provides investors with access to numerous trading products, including foreign exchange (FX), equities, indices, cryptocurrency, exchange-traded funds (ETFs), and commodities.
👉 The broker is an electronic communication network (ECN) broker that does not have a dealing desk (NDD) and provides accounts with no spread. Interbank liquidity is provided by sixteen of the most prominent banks and financial institutions in the world to ACY Securities.
👉 Almost twenty years have passed since Admirals first opened their doors. This broker provides its customers with cutting-edge software applications, such as MetaTrader 4 and MetaTrader 5, in addition to a bespoke plug-in known as MetaTrader Supreme Edition.
👉 When it comes to both education and analytics, Admirals has a lot to offer. Tutorials, webinars, seminars, and videos are all available to use without cost, and they each provide a detailed explanation of a variety of trading definitions, concepts, and methods.
👉 Admirals offer spreads that are competitive as well as minimal commission rates. It gives you the option to select from a wide variety of accounts based on the program that you use.
👉 AvaTrade is a broker that has won multiple awards and is regulated on an international level. This translates to the fact that traders in Kenya are now able to trade Tesla stocks with the peace of mind that their transactions are being managed by a reliable organization that adheres to the stringent criteria imposed by the regulatory agencies.
👉 AvaTrade provides clients with a world-class variety of instructional and market analysis materials, in addition to some of the most advanced trading tools the industry has to offer.
👉 AvaTrade is widely recognized as one of the most successful and well-rounded Forex brokers available, making it an appealing option for most traders.
👉 eToro is a social trading network that leads the market. It enables traders to mimic the trades of experienced investors and provides them with the opportunity to gain exclusive benefits in exchange for sharing their own trading ideas.
👉 eToro is a huge worldwide cryptocurrency exchange and stock trading broker that allows traders in Kenya to access forex, exchange-traded securities, and cryptocurrencies, as well as leading stocks like TSLA.
👉 The exchange has more than 3,000 symbols that may be traded. In addition to the cryptocurrency services it already provides, eToro now also facilitates trading in stocks and exchange-traded funds (ETFs) for customers.
👉 XM has some of the lowest costs in the business, in addition to offering superior research and education as well as trading software that is user-friendly for beginners.
👉 XM is going to be an excellent alternative for most traders in Kenya because of the fact that they have a vast customer base and a strong reputation. In addition to this, it provides investors with a comprehensive set of trading instruments and a big selection of bonuses and incentives.
|🥇 ACY Markets||🥈 Admirals||🥉 XM||🏅 AvaTrade||🏅 eToro|
|⚖️ Regulation||ASIC, VFSC||FCA, ASIC, CySEC, EFSA, JSC, FSCA||FSCA, IFSC, ASIC, CySEC, DFSA||Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISA||CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC|
|📱 Trading Platform||• MetaTrader 4|
• MetaTrader 5
|• MetaTrader 4|
• MetaTrader 5
• Admirals Mobile App
|MetaTrader 4, MetaTrader 5, XM Mobile App||• AvaTradeGO|
• MetaTrader 4
• MetaTrader 5
|eToro proprietary platform|
|💸 Withdrawal Fee||Yes||Yes||None||No||Yes|
|💻 Demo Account||Yes||Yes||Yes||Yes||Yes|
|💵 Min Deposit||112 KES||0 KES||11,500 KES|
|📊 Leverage||1:500||• 1:30 Retail|
• 1:500 Professional
|📊 Spread||Variable, 0.0 pips||From 0.0 pips||From 0.0 pips||Fixed, from 0.9 pips||From 1 pip|
|💰 Commissions||From $5||From $0.02||USD7/100 000||None||None|
|🛑 Margin Call/Stop-Out||100%/50%||100%/50%||50%||25%/10%||None indicated|
|💵 Order Execution||STP||Market, Exchange||Instant||Instant||Market/Instant|
|💰 No-Deposit Bonus||No||No||No||Yes||No|
|💵 Cent Accounts||No||No||No||Yes||No|
|💻 Account Types||• Standard Account|
• ProZero Account
• Bespoke Account
|• Micro Account, Standard Account, • XM Ultra-Low Account|
• Shares Account
|• Standard Live Account|
• Professional Account Option
|• Retail Account
• Professional Account
|⚖️ CMA Regulation||No||No||No||No||No|
|💸 KES Deposits||Yes||Yes||Yes||No||No|
|💰 Kenyan shilling Account||No||No||No||No||No|
|📞 Customer Service Hours||24/5||24/5||24/5||24/5||24/2|
|🛍 Retail Investor Accounts||3||6||4||1||1|
|☪️ Islamic Account||Yes||Yes||Yes||Yes||Yes|
Best Mobile Apps to buy US Stocks in Kenya
👉 Whatever your investment strategy, level of experience, or financial goals may be, the stock market in the United States is one of the most alluring places for you to put your money.
👉 It used to be quite challenging to obtain and invest in United States securities if you were a citizen of Kenya or of another country that was not the United States.
👉 As a result of the development and improvement of technology, traders in Kenya are now able to participate in the stock market of the United States by utilizing their smartphones, tablets, iPads, or personal computers.
👉 AvaTrade is widely considered one of the most trustworthy brokers in the market when it comes to trading foreign exchange (FX) and contracts for difference (CFD). The primary objective of the platform is to provide users with a trading environment that is unbroken and quick to react.
👉 AvaTradeGO gives Kenyan traders access to a wide range of trading tools and resources, such as software for position management and charting capabilities, amongst other things.
👉 The application gives users access to market trend technology, sociological trends, fundamental and technical research, and more in order to assist traders in making better-educated decisions on their investments.
👉 Exness also offers a mobile version of its services through a specialized app that it has developed in-house.
👉 In spite of this, the broker does provide two different trading platforms, namely MT4, which is the most widely used trading platform in the world, and MT5, which is the most recent iteration of the standard used in the business.
👉 TradingView, one of the most popular third-party trading tools available on the market, is fully integrated into the app. In addition to offering analytical insight and immediate pattern recognition, TradingView also provides rapid pattern recognition.
👉 Pepperstone offers a user-friendly market access platform so that clients can concentrate on the challenging business of trading instead.
👉 Pepperstone is an excellent alternative for traders since it provides a large variety of low-cost options, a selection of user interfaces, a number of different account types, and effective customer care.
👉 Every type of investor will benefit from a more satisfying experience while trading thanks to enhancements such as a reimagined look and feel, trading with just one click, and complete integration across desktop and mobile platforms.
The Best Stock Brokers in Kenya
👉 This article includes a list of the top Forex brokers in Kenya that are able to facilitate stock trading for Kenyan traders. We have further determined which forex brokers provide additional services and solutions to traders, and we have listed them below.
Best stock trading MetaTrader4/MT4 Forex Broker in Kenya
👉 Overall, Forex.com is the best stock trading MT4 Forex broker. Forex.com is well-regulated around the world and offers clear pricing on all of its assets which are offered on comprehensive trading platforms.
Best stock trading MetaTrader 5 / MT5 Forex Broker in Kenya
👉 Overall, Exness is the best stock trading MetaTrader 5 / MT5 Forex Broker. Exness is touted by numerous sources as offering some of the tightest spreads in the industry along with a great selection of asset classes.
Best stock trading Forex Broker for beginners in Kenya
Best stock trading Minimum Deposit Forex Broker in Kenya
👉 Overall, HF Markets is the best stock trading minimum deposit forex broker. HF Markets offers a comprehensive selection of account types which has attracted the support of more than 2.5 million traders globally.
Best stock trading ECN Forex Broker in Kenya
👉 Overall, FP Markets is the best stock trading ECN Forex Broker. FP Markets provides commission-free trading conditions with access to raw spreads as well as a DMA access to a number of different share CFDs.
Best stock trading Islamic / Swap-Free Forex Broker in Kenya
👉 Overall, BDSwiss is the best stock trading Islamic Forex Broker. BDSwiss is a good choice for advanced traders in Kenya due to the advanced features which the broker offers on a comprehensive trading platform.
Best stock trading Forex Trading App in Kenya
👉 Overall, AMarkets has the best stock trading forex trading app. The stock trading app offered by AMarkets is delivered in a well-regulated trading environment and there are numerous stocks available to trade.
Best stock trading Lowest Spread Forex Broker in Kenya
👉 Overall, Alpari is the best stock trading forex broker with the lowest spread. Alpari offers traders in Kenya access to both MT4 and MT5 and offers some of the highest execution speeds in the industry.
Best stock trading Kenyan Shelling Trading Account Forex Broker in Kenya
👉 Overall, FXPesa is the best stock trading Kenyan Shelling Trading Account Forex Broker in Kenya. FXPesa is a CMA-regulated Kenyan broker that allows for swift deposits and withdrawals in local Kenyan currency.
Best stock trading Nasdaq 100 Forex Broker in Kenya
Best stock trading Volatility 75 / VIX 75 Forex Broker in Kenya
Best stock trading NDD Forex Broker in Kenya
👉 Overall, XTB is the best stock trading NDD forex broker XTB has branches in more than 10 countries and is used by over 140,000 clients worldwide. XTB provides Kenyan traders with excellent customer support alongside a strong trading app.
Best stock trading STP Forex Broker in Kenya
👉 Overall, XM is the best stock trading STP platform for traders in Kenya. XM is a reputable international Forex broker that has over 5 million traders. XM offers access to numerous asset classes.
Best stock trading Sign Up Bonus Broker in Kenya
👉 Overall, Tickmill is the best stock trading sign-up bonus broker. Tickmill is well-regulated and offers clear and transparent pricing and is a good option for traders seeking a user-friendly trading interface.
Can I buy Tesla stocks in Kenya?
Yes, Tesla stock can be purchased online in Kenya through regulated online stock trading brokers.
How can I buy Tesla shares in Africa?
Traders in various African countries should start by selecting a regulated stock trading broker that offers trading services in their respective countries. Following this, they should create an account with their chosen broker, and determine the number of shares they wish to buy.
Can I buy stock directly from Tesla?
No, stock cannot be bought directly from Tesla. AAPL stocks should be purchased through a regulated online broker.
What is the minimum stock purchase for Tesla?
Minimum stock purchases for Tesla can start at $50. This amount can be increased as your experience in stock trading improves.
How much can you earn with Tesla stock?
Tesla pays a dividend of $0.88 per annum for every stock owned. To receive a $1,000 Tesla dividend traders in Kenya would require $192,307 (1,000/0.0052).
👉 No matter how diligently we strive to maintain accuracy, all financial markets feature a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.