You might want to earn some extra cash from your chosen Tesla stock, but perhaps you don’t know how you could actually do that. How could you even purchase a Tesla Share? Should you day trade for it, or would you rather adopt a regular buy and hold strategy? Here we will discuss some of the ideas on how you could purchase stock in a company like Tesla. Many people want to purchase a TSLA Share as it is expected to be a major player in the autonomous vehicle market in the next few years. The autonomous vehicle market is expected to be lucrative for those who can create highly functional, safe, reliable, and eco-friendly electric vehicles.
It is also expected that the market will be open to many smaller players as well. The first autonomous vehicles may have a price tag of about $70,000, although the price will vary greatly depending on the level of automation. It is highly likely that within a few short years, the price of an autonomous car will be much closer to that of a mid-priced SUV like Toyota Prius. As a result of the high expectations for this type of vehicle, more people are looking for places to purchase them. One of the places they are going to look is the upcoming $2.5 billion offering by hedge fund manager Kenneth C. Lewis, called “Going Places.” According to the Securities and Exchange Commission, the proceeds from this offering will primarily be made in three separate areas:
A majority of the proceeds will go to pay for the acquisition and development of new technologies necessary for creating a fully functional autonomous car. A substantial amount will go to paying off debt. A significant portion of the proceeds will go toward repaying the remaining balance of the original loan that gave rise to the company by way of a $2.5 billion equity injection from a group of financial investors led by Blackstone, Inc. A significant portion of the proceeds will also go toward paying down the company’s existing credit line. The fact that Tesla Company is such a large long-term holder of Tesla stock (which is also the name of the stock used for trading on the Nasdaq) makes it very possible that the company will not only experience strong growth in the future, but that it will also be able to fully repay its debt and become a completely standalone company.
There are also a number of reasons why buying Tesla shares now is a good idea. Although it is still early in the stock market’s history, trading shares of this type has experienced very strong gains in the past year. If you are able to get in on the ground floor of this exciting company while it is still relatively young, the profits that you can realize in the very near future will astound even the most experienced traders. This is especially true if you invest in shares that are highly correlated to other factors such as oil prices or the overall stock market performance. You can get more information like balance sheet at https://www.webull.com/balance-sheet/nasdaq-tsla.