Investing

How To Buy Tesla Stock (TSLA) In Canada

This article may contain references to products/services to our partners. We may be compensated when you click on links to their products/services. Our partners cannot pay us to guarantee any favorable reviews. All products we feature or write about are objective and unaffected from these partnerships.
Hide text

Simple Rate • Last updated on October 1, 2021

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.