How to open an FBS account?
Click the ‘Open account’ button on our website and proceed to the Personal Area. Before you can start trading, pass a profile verification. Confirm your email and phone number, get your ID verified. This procedure guarantees the safety of your funds and identity. Once you are done with all the checks, go to the preferred trading platform, and start trading.
How to withdraw the money you earned with FBS?
The procedure is very straightforward. Go to the Withdrawal page on the website or the Finances section of the FBS Personal Area and access Withdrawal. You can get the earned money via the same payment system that you used for depositing. In case you funded the account via various methods, withdraw your profit via the same methods in the ratio according to the deposited sums.
How to start trading?
If you are 18+ years old, you can join FBS and begin your FX journey. To trade, you need a brokerage account and sufficient knowledge on how assets behave in the financial markets. Start with studying the basics with our free educational materials and creating an FBS account. You may want to test the environment with virtual money with a Demo account. Once you are ready, enter the real market and trade to succeed.
How to activate Level Up Bonus?
Open Level Up Bonus account in web or mobile version of FBS Personal Area and get up to $140 free to your account.
Tesla, Inc. is an American electric vehicle and clean energy company. Tesla's current products include electric cars, battery energy storage from home to grid-scale, solar panels, and solar roof tiles. Founded in July 2003 as Tesla Motors, the company's name is a tribute to inventor and electrical engineer Nikola Tesla. Elon Musk, who contributed most of the funding in the early days, has served as CEO since 2008. According to Musk, the purpose of Tesla is to help expedite the move to sustainable transport and energy, obtained through electric vehicles and solar power. Check out Tesla share live chart!
Tesla’s Model S Plaid is one of the few mass-produced electric vehicles that can speed up from 0 to 60 mph in less than two seconds (it is 1.98 sec actually). Also, Tesla’s famous “Supercharger” charging stations can power up the car for another 200 miles in mere 15 minutes.
You can trade contracts for difference (CFDs) on Tesla stock. CFDs reflect the TSLA stock price movement. It allows you to trade in both directions. In other words, if you trade online with FBS, you can gain from the price going up as well as from it going down.
You can also use leverage. This means that with only a small amount of money you can control much bigger financial positions. Always remember that leverage allows you to multiply your account. On the downside, you may lose a considerable part of it if the market goes against your trades.
What drives the TESLA stock price?
The most recent Tesla earnings report showed an eye-popping $1.14 billion in net income in the second quarter, results that blew past analyst expectations. Also, Tesla reported revenue of $11.96 billion, a nearly 100% increase from the $6.04 billion it generated in the second quarter of 2020. The results pushed shares up more than 2.2% in after-hours trading.
Tesla has a market share of the global passenger vehicle market of about 1%. It’s just a small automaker. But Tesla’s market cap ($707 billion) is now about equal to the combined market cap ($582 billion) of Toyota (Toyota and Lexus), Volkswagen (VW, Audi, Porsche, and many other brands), Daimler, GM, BMW, Honda, and Ford – an amazing, but little bit terrifying sight.
Thousands of bearish traders have lost their money trying to short Tesla. Tesla short-sellers saw $38 billion in mark-to-market losses throughout 2020. Many famous investors, like Michael Burry (the guy who predicted the 2008 crisis) think that Tesla is overbought and needs to plunge significantly.
In February Tesla bought $1.5 billion in bitcoin and started to accept it as a payment for the next several months, so at some point, Tesla stock price may try to align with bitcoin volatile movements. In June, Tesla once again significantly increased its EV (electric vehicles) sales in China, reaching one of the highest levels ever. Over 33,000 Model 3 and Model Y were sold in China or exported. Also, Tesla’s price is dependent on green energy and self-driving legislation. All those factors combined with earnings report provides Tesla’s massive price movements. TSLA is available to in FBS, so start trading now!
2022-01-26 • Updated