Looking to buy Tesla stock?
If you’re in Canada, you can buy Tesla stock from most trading platforms. The two best major self-trading platforms that let you buy and sell Tesla stock is Wealthsimple Trade and Questrade.
Best stock trading platforms in Canada that let you buy Tesla stock:
Tesla Company Overview
One of the leading names in clean energy today, Tesla was originally founded as Tesla Motors by Martin Eberhard and Marc Tarpenning in 2003. The company is named after Nikola Tesla, the famous electrical engineer, and inventor known for developing the modern AC (alternating current electricity supply system). Found in San Carlos, California, the company is currently headquartered in Palo Alto, California.
Elon Musk, one of Tesla’s earliest investors, has served as the business’s CEO since 2008. With a vision to make energy and transport sustainable using solar power and electric vehicles, the company is best known for its collection of environmentally-friendly electric cars, solar panels, and solar roof tiles. Apart from its tangible line of products, Tesla earns a massive income by selling Zero Emission vehicle regulatory credits to other automobile manufacturers.
To understand more about regulatory credits issued to automobile companies by the government, click here: https://www.cnbc.com/2021/05/18/tesla-electric-vehicle-regulatory-credits-explained.html
Balance Sheet (all numbers in thousands)
| Name | Title |
|---|---|
| Mr. Dara Khosrowshahi | CEO & Director |
| Mr. Garrett Camp | Co-Founder, Board Observer & Product Advisor |
| Mr. Nelson Juseuk Chai | Chief Financial Officer |
| Mr. Derek Anthony West | Sr. VP, Chief Legal Officer & Corp. Sec. |
| Ms. Jill Hazelbaker | Sr. VP of Marketing & Public Affairs |
| Ms. Nikki Krishnamurthy | Sr. VP & Chief People Officer |
| Mr. Glen Ceremony | Chief Accounting Officer & Global Corp. Controller |
| Mr. Sundeep Jain | Chief Product Officer |
| Mr. Sukumar Rathnam | Chief Technology Officer |
| Ms. Emily Maher | Head of Investor Relations |
Tesla Key Executives
| Breakdown | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 |
|---|---|---|---|---|
| Total Assets | 159,316,000 | 133,376,000 | 97,334,000 | 84,524,000 |
| Current Assets | 75,670,000 | 66,225,000 | 50,480,000 | 48,563,000 |
| Cash, Cash Equivalents & Short Term Investments | 61,954,000 | 54,855,000 | 41,114,000 | 41,711,000 |
| Cash And Cash Equivalents | 17,576,000 | 19,079,000 | 10,019,000 | 8,079,000 |
| Cash | 6,488,000 | 4,735,000 | 2,713,000 | 2,212,000 |
| Cash Equivalents | 11,088,000 | 14,344,000 | 7,306,000 | 5,867,000 |
| Other Short Term Investments | 44,378,000 | 35,776,000 | 31,095,000 | 33,632,000 |
| Receivables | 11,335,000 | 9,518,000 | 7,587,000 | 5,832,000 |
| Accounts receivable | 11,335,000 | 9,518,000 | 7,587,000 | 5,832,000 |
| Gross Accounts Receivable | 11,449,000 | 9,724,000 | 7,816,000 | 6,021,000 |
| Allowance For Doubtful Accounts Receivable | -114,000 | -206,000 | -229,000 | -189,000 |
| Prepaid Assets | 2,381,000 | 1,852,000 | 1,779,000 | 1,020,000 |
| Total non-current assets | 83,646,000 | 67,151,000 | 46,854,000 | 35,961,000 |
| Net PPE | 54,981,000 | 44,783,000 | 24,683,000 | 13,721,000 |
| Gross PPE | 70,399,000 | 55,446,000 | 31,573,000 | 18,337,000 |
| Properties | 0 | 0 | 0 | 0 |
| Land And Improvements | 1,326,000 | 1,097,000 | 899,000 | 798,000 |
| Buildings And Improvements | 17,360,000 | 11,226,000 | 7,401,000 | 4,909,000 |
| Machinery Furniture Equipment | 2,458,000 | 18,817,000 | 1,187,000 | 681,000 |
| Other Properties | 33,646,000 | 11,095,000 | 13,017,000 | 7,998,000 |
| Construction in Progress | 11,288,000 | 10,099,000 | 7,228,000 | 2,992,000 |
| Leases | 4,321,000 | 3,112,000 | 1,841,000 | 959,000 |
| Accumulated Depreciation | -15,418,000 | -10,663,000 | -6,890,000 | -4,616,000 |
| Goodwill And Other Intangible Assets | 19,673,000 | 19,609,000 | 19,595,000 | 20,105,000 |
| Goodwill | 19,050,000 | 18,715,000 | 18,301,000 | 18,221,000 |
| Other Intangible Assets | 623,000 | 894,000 | 1,294,000 | 1,884,000 |
| Investments And Advances | 6,234,000 | - | - | - |
| Long Term Equity Investment | 6,234,000 | - | - | - |
| Other Non Current Assets | 2,758,000 | 2,759,000 | 2,576,000 | 2,135,000 |
| Total Liabilities Net Minority Interest | 31,026,000 | 32,322,000 | 13,207,000 | 10,177,000 |
| Current Liabilities | 14,981,000 | 15,053,000 | 7,017,000 | 3,760,000 |
| Payables And Accrued Expenses | 7,498,000 | 9,505,000 | 3,383,000 | 1,685,000 |
| Payables | 4,462,000 | 2,873,000 | 1,852,000 | 1,000,000 |
| Accounts Payable | 1,331,000 | 1,363,000 | 820,000 | 380,000 |
| Total Tax Payable | 2,038,000 | 624,000 | 491,000 | 230,000 |
| Other Payable | 1,093,000 | 886,000 | 541,000 | 390,000 |
| Current Accrued Expenses | 3,036,000 | 6,632,000 | 1,531,000 | 685,000 |
| Pension & Other Post Retirement Benefit Plans Current | 2,609,000 | 1,704,000 | 1,203,000 | 776,000 |
| Current Debt And Capital Lease Obligation | 1,023,000 | 1,077,000 | 500,000 | - |
| Current Debt | - | 277,000 | 500,000 | - |
| Current Notes Payable | - | 624,000 | 491,000 | - |
| Line of Credit | - | 277,000 | 500,000 | - |
| Current Capital Lease Obligation | 1,023,000 | 800,000 | - | - |
| Current Deferred Liabilities | 382,000 | 269,000 | 147,000 | 98,000 |
| Current Deferred Revenue | 382,000 | 269,000 | 147,000 | 98,000 |
| Other Current Liabilities | 3,469,000 | 2,498,000 | 1,784,000 | 1,201,000 |
| Total Non Current Liabilities Net Minority Interest | 16,045,000 | 17,269,000 | 6,190,000 | 6,417,000 |
| Long Term Debt And Capital Lease Obligation | 9,631,000 | 9,524,000 | - | - |
| Long Term Capital Lease Obligation | 9,631,000 | 9,524,000 | - | - |
| Non Current Deferred Liabilities | - | 1,039,000 | 673,000 | - |
| Non Current Deferred Taxes Liabilities | - | 1,039,000 | 673,000 | - |
| Tradeand Other Payables Non Current | 5,025,000 | 5,651,000 | 4,655,000 | 5,372,000 |
| Other Non Current Liabilities | 1,389,000 | 1,055,000 | 862,000 | 1,045,000 |
| Total Equity Gross Minority Interest | 128,290,000 | 101,054,000 | 84,127,000 | 74,347,000 |
| Stockholders' Equity | 128,290,000 | 101,054,000 | 84,127,000 | 74,347,000 |
| Capital Stock | 0 | 0 | 0 | 0 |
| Common Stock | 0 | 0 | 0 | 0 |
| Additional Paid in Capital | 50,018,000 | 45,851,000 | 42,906,000 | 40,584,000 |
| Retained Earnings | 77,345,000 | 55,692,000 | 41,981,000 | 33,990,000 |
| Gains Losses Not Affecting Retained Earnings | 927,000 | -489,000 | -760,000 | -227,000 |
| Total Capitalization | 128,290,000 | 101,054,000 | 84,127,000 | 74,347,000 |
| Common Stock Equity | 128,290,000 | 101,054,000 | 84,127,000 | 74,347,000 |
| Capital Lease Obligations | 10,654,000 | 10,324,000 | - | - |
| Net Tangible Assets | 108,617,000 | 81,445,000 | 64,532,000 | 54,242,000 |
| Working Capital | 60,689,000 | 51,172,000 | 43,463,000 | 44,803,000 |
| Invested Capital | 128,290,000 | 101,331,000 | 84,627,000 | 74,347,000 |
| Tangible Book Value | 108,617,000 | 81,445,000 | 64,532,000 | 54,242,000 |
| Total Debt | 10,654,000 | 10,601,000 | 500,000 | - |
| Share Issued | 2,849,000 | 2,852,000 | 2,854,000 | 2,906,000 |
| Ordinary Shares Number | 2,849,000 | 2,852,000 | 2,854,000 | 2,906,000 |
Tesla, Inc. (TSLA) Stock History
Tesla (TSLA) went public on 29th June in 2010, issuing 13.3 million shares at $17.00 per share for the common public. The company’s stock is traded on NASDAQ with the ticker symbol ‘TSLA.’ Since the company’s IPO in 2010, the Tesla share has undergone 1 split over the years. Even though the split only took place less than a year ago, Tesla’s soaring stock price and increasing revenues have kept analysts wondering if another split is on the cards soon.
Stock splits allow a company’s stocks to become more accessible for new investors, by lowering the share price.
Tesla Stock Splits
Tesla has had only one stock split in its company history.
1. August 11, 2020: 5-for-1 stock split
Pros of purchasing Tesla Stock (NASDAQ: TSLA):
1. Novel Technology: Apart from being the leading name in clean energy, Tesla is also known for always being at the forefront of new and innovative technology. Whether it’s their self-driving cars or sustainable energy reserves for homes, the company is always making headlines for its range of pioneering products.
2. Continued Growth During the Pandemic: Even in the midst of an economic recession and global pandemic, Tesla manages to remain thriving and grew its sale of environmentally-friendly electric cars exponentially in 2020, selling a staggering 499, 550 vehicles worldwide (a 35.8% increase in compassion to 2019).
3. Increased Cash Flow: For the second year in a row, Tesla was able to maintain a positive cash flow in 2020. The company’s free cash flow reached $2.79 billion last year, more than doubling the 2019 collection figure of $1.08 billion.
4. President Biden’s Victory: With President Biden’s strong initiative to combat climate change, green companies like Tesla are likely to benefit from tax credits for consumers and manufacturers.
Cons of purchasing Tesla Stock (NASDAQ: TSLA):
1. Elon Musk’s Erratic Tweets: While Tesla’s CEO has gained recognition worldwide, not all the attention he receives is always positive. His comments and tweets in the past have caused an uproar among many and affected the share prices for the company.
2. Competition from Other Companies: Even though Tesla is still considered to be a leading name in clean energy, many other automobile companies have begun to design and develop electric vehicles. In the United States alone, both Ford, and General Motors have begun to invest in the manufacturing of electric cars. These competing vehicles could affect Tesla’s share price in the future.
3. Shortage of Chips: This year many automobile companies have been faced with a shortage of parts, leading to a halt or reduction in the production for many cars. In February this year, Musk confirmed through his Twitter account that Tesla also had to suspend production of vehicles due to a shortage of chip supply. This shortage of production can affect Tesla’s car sales, as well as impact the earnings made through the trading of carbon emission credits.
FAQ about Tesla Stock
Where is the Tesla headquarters?
Tesla, Inc.
3500 Deer Creek Road
Palo Alto, CA 94304
United States
650-681-5000
http://www.tesla.com
Does Tesla stock pay dividends?
No, Tesla stock does not pay dividends.
Have Tesla ever split their shares?
Tesla has had one stock split in its history.
August 11, 2020: 5-for-1 stock split
When does the fiscal year end for Tesla?
The fiscal year end for Tesla is December 31st.
How to buy Tesla stock in Canada
You can buy Tesla shares by contacting your broker. Or you can use self-trading platforms to buy and sell Tesla stock on your own.
