What’s happening with Tesla stock today

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Tesla shares rose 3.6% in Thursday trading. The stock is rising after strong retail sales, which hint at increased consumer demand and possible growth in vehicle sales.

Tesla Inc (NASDAQ:TSLA) Shares are trading up 5.77% at $213 during Thursday’s session. The stock is trading higher after stronger-than-expected retail sales, which could signal increased consumer demand and confidence, which could boost expectations to increase vehicle sales.

Tendency:

Positive retail sales numbers indicate that consumers are willing and able to spend more, which bodes well for big-ticket products like electric vehicles (EVs). Tesla, as the leader in the EV market, could benefit from increased demand for its cars, leading to higher sales and revenue.

Among the spending categories highlighted in the report, auto and parts dealerships saw a 3.6% increase, suggesting growing consumer interest in vehicle purchases. As consumers increasingly favor environmentally friendly options, Tesla is poised to capture much of this increased demand for vehicles.

Additionally, a strong labor market, as evidenced by lower-than-expected unemployment claims, supports economic stability, which can translate into greater consumer confidence in major purchases like buying a car. Tesla’s premium products are more likely to see sales hold or increase in such an environment.

Major indexes rose on Thursday, including the Invesco QQQ Trust, Series 1 (NASDAQ:QQQ) and SPDR S&P 500 ETF Trust (NYSE:SPY), also often drives up individual stocks within these indices. Tesla, being a large component of these indices, could see its stock rise alongside gains in the broader market as investors shift to riskier assets like technology stocks during times of economic optimism.

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How to Buy TSLA Stock

You’re probably now curious about how to participate in the Tesla market, whether that’s buying shares or even trying to bet against the company.

Buying stocks is typically done through a brokerage account. Here’s a list of possible trading platforms. Many will allow you to buy “fractional shares,” which allows you to own portions of a stock without buying a full share. For example, some stocks, like Berkshire Hathaway or Amazon.com, can cost thousands of dollars to own a single share. However, if you only want to invest a fraction of that amount, brokers will allow you to do so.

In the case of Tesla, which is trading at $201.38 at the time of publication, $100 would buy you 0.5 shares.

If you want to bet against a company, the process is more complex. You will need access to an options trading platform or a broker that will allow you to “short sell” a stock by lending you the shares to sell. The process for short selling a stock can be found on this resource. Alternatively, if your broker…