What's Going On With Tesla Shares Monday?

Tesla TSLA shares are moving higher on Monday after its supplier Panasonic announced it completed preparations for mass production of high-capacity electric vehicle (EV) batteries.

What Happened: The company is set to produce its 4680 cells and will use its Wakayama plant as the main factory for manufacturing these cells, according to Reuters.

The larger 4680 cells have five times the capacity compared to the 2170 cylindrical batteries. Specifically, the 4680 cells have a 46-millimeter diameter and an 80-millimeter height.

With these batteries, automakers can extend the driving range of electric vehicles while using fewer cells to accomplish the same battery pack capacity.

Panasonic sent battery samples to some automakers and will start production after approval. By March 2025, the Wakayama plant will have an approximately 400-person workforce dedicated to developing and manufacturing new batteries.

How To Buy Tesla Shares

By now you're likely curious about how to participate in the market for Tesla TSLA – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

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TSLA Price Action: At the time of writing, Tesla stock is trading 3.14% higher at $217.33, according to data from Benzinga Pro.

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