What's Going On With Tesla Stock Monday?

Tesla, Inc. TSLA shares are trading higher on Monday. The vehicle company is anticipated to release quarterly financial earnings on Tuesday after the market closes.

The Details: For the 2024 fiscal year second quarter, analysts estimate an EPS of 62 cents and revenue of $24.72 billion.

The stock is trading far above its 50 day moving average of $198.21 at $248.22. Tesla’s stock is currently trading at a session of volume 37.51 million, below its average session volume of 99.29 million.

How To Buy Tesla Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Tesla TSLA's case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

Related Link: Carvana Unusual Options Activity

TSLA Price Action: At the time of publication, Tesla stock is trading 5.01% higher at $251.19 per data from Benzinga Pro.

Photo: Image Via Shutterstock