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Buying Tesla shares in Australia.

Discussion in 'Australia & New Zealand' started by cashie, Oct 1, 2017.

  1. cashie

    cashie Member

    Joined:
    Sep 21, 2013
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    Location:
    Perth, Australia
    Where can someone buy Tesla shares cheaply in Australia?
    Thinking about investing in a few.
     
  2. Murbs

    Murbs Member

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    Location:
    Perth Western Australia
    NAB also do the same.
     
  3. garyjac

    garyjac Member

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    Brisbane, Queensland
    "buy Tesla shares cheaply" ... surely you jest sir?
     
  4. cashie

    cashie Member

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    Location:
    Perth, Australia
    Cheaply as in commission and/or fees.
     
  5. lux_cars

    lux_cars Member

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    Jul 31, 2017
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    Location:
    Boston, MA
    Buy low, sell high
     
  6. ShockOnT

    ShockOnT ⚡️⚡️⚡️⚡️⚡️

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    I would like to buy shares for $30 each. Does anyone have a time machine I can borrow, or at least know a cure for regret?
     
    • Funny x 2
  7. garyjac

    garyjac Member

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    Indeed. If anyone has a time machine it would be Elon ?
     
  8. stphw

    stphw Member

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    Location:
    Wollongong, Australia
    Must be a similar feeling the shorts felt with the tsunami of hurt.
     
    • Like x 1
  9. ShockOnT

    ShockOnT ⚡️⚡️⚡️⚡️⚡️

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    But seriously it’s risky buying shares in a single company.
    Tesla gets more attention than most companies, so there’s quite a large hype component to their share price.
    If some major problem occurs (eg Model 3 cars start exploding) the share price would drop a lot faster than if something similar happened to GM (eg Bolts start exploding).
    Much safer to have a diverse portfolio.
     
  10. SPadival

    SPadival Member

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    May 7, 2016
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    Location:
    Melbourne, Australia
    I had an https://www.optionsxpress.com account .. which has now become Charles Schwab. It was USD 14.95 per trade. I don't know what's the Charles Schwab rate since it has been a year since I bought TSLA shares :)
     
  11. Jays200

    Jays200 Member

    Joined:
    Apr 1, 2016
    Messages:
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    Location:
    Perth, Western Australia
    The trick is not in buying them but having them registered on the US Computershare site in your own name.

    My broker purchased me some but then they just stay as a holding allocation on their clearing house books. I had no voting rights for the Solarcity merger. There is paperwork to fill out to get them registered in your name and that can make it more time consuming when selling.

    I have a lump registered in my name and another lump as per a normal trade and this stops panic selling but leaves a few if I need a cash grab at short notice for whatever reason.
     

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