Every week we provide insights into popular assets and hot questions, so you can easily learn more about the investment market in bite-sized pieces.
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In this Markets in Focus we take a closer look at TESLA, one of the most traded CFD’s on the Change App.

But what do you actually know about Tesla?

‍‍Take a look below or see a short video here: https://youtube.com/shorts/cJGywu3tqc0

What is Tesla

Tesla is an innovative automotive and energy company taking on the mission to accelerate the world’s transition towards sustainable energy.

Besides the Tesla electric vehicles, the company builds clean energy generation and storage products.‍

History of Tesla

In July 2003, Tesla was founded by two engineers Martin Eberhard and Marc Terpenning in California, US. The company was named after the famous physicist, engineer and futurist Nikola Tesla. In 2004, Elon Musk invested $30 million and joined the business as the Chairman of its Board of Directors.

On June 29, 2010, Tesla went public through the Initial Public Offering (IPO), selling 13.3 million shares at $17 per share on the Nasdaq, bringing in $226.1 million.

After the successful launch of Tesla models it has taken the electric vehicle market by storm.

Price war for electric vehicles (EVs)

At this moment Tesla is struggling with falling sales and an intensifying price war for electric vehicles (EVs). For this reason Tesla now is laying off more than 10% of its global workforce.‍

Trade Tesla at Change

The good thing about CFD’s is that you can both make profit of the Tesla price rising or falling.

If you think Tesla will win this Price war and expect the price to rise you buy Tesla. If you think the price will fall you sell Tesla.

Go to the App and also benefit  from the opportunity to trade Tesla with 5x or 1x leverage.

You can trade Tesla from Monday to Friday between 13:30-20:00 (GMT).

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Happy trading !