Tesla Stock Just Got a $1B Boost From Musk—Here’s How Beginners Can Buy In Too

Elon Musk dropped $1 billion picking up about 2.57 million Tesla shares on September 12, his first open-market purchase since early 2020, according to news reports and a Securities and Exchange Commission filing. This can be a vote of confidence, primarily because Tesla invests heavily in robotaxis, artificial intelligence and other futuristic endeavors.

If you’re new to investing, grabbing a piece of TSLA (or any stock) isn’t as complicated as it sounds. Many online brokers let you set up an account, fund it and place your first trade with just a few clicks. Online brokerage platforms give beginners tools like fractional share investing, educational resources and mobile apps that make tracking your portfolio as simple as checking social media.

Click, Fund, Trade: Why Today’s Brokerages Make Jumping Into Tesla Easier Than Ever

Here’s how online brokerages for beginners can help, especially if you’re planning to trade TSLA or similar growth-oriented stocks:

SoFi Active Invest

SoFi Active Invest is designed with simplicity and accessibility in mind. For beginners, one of the biggest appeals is that it offers zero-commission trades for stocks and ETFs, with a low minimum deposit required, making it easy to get started without a heavy upfront cost.

Because of these features, individuals can invest in pricey stocks like TSLA even if they only have a little to begin with. SoFi also gives access to fractional shares, allowing you to buy smaller pieces of expensive stock. They also often promote additional incentives for new accounts, helping offset small costs or make the setup more appealing.

Firstrade

One of Firstrade’s biggest draws is that it charges no commissions on stock, ETF, options and mutual fund trades. Firstrade also has a large selection of mutual funds and many non-transaction-fee funds, which can help with diversification.

The platform includes research tools like Morningstar and Briefing.com, educational content and mobile and web apps.

Fidelity

Fidelity is often considered among the strongest choices, especially for beginners who expect to grow their investing skills over time. It also offers $0 commissions for U.S. stock and ETF trades, and no minimum to open a basic brokerage account. It’s perfect for beginners who don’t just want to buy-and-hold but want to understand what they own, track performance and possibly build a bigger portfolio.

For a volatile name like TSLA, such tools can help you monitor what’s happening and avoid emotional decision-making. Also, Fidelity’s reputation, scale and regulatory protections make it a safer option for many beginners.

Charging Up: What New Investors Should Plug Into Before Buying TSLA

To invest with confidence, pay attention to these key features:

• Low or zero commissions on stock trades, so you aren’t paying much just to enter or exit. 
• No or low minimums to open an account, so you can start even with a small amount of capital. 
• Fractional shares can come in handy. Since TSLA often trades at a high price per share, being able to buy part of a share helps so that people don’t have to break their wallet to start investing. 
• Educational tools and customer support so you understand what you’re doing. 

Bottom Line

Rising stocks like TSLA present exciting opportunities, but they also present risks. Fortunately for beginners, today’s online brokers provide many tools, low fees and the simplicity needed to participate.

What matters is choosing a platform that aligns with your comfort level, understanding what you own and not exposing yourself to more risk than you can handle. If you do that, you can ride upward trends like TSLA with increased confidence.