Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
I see the media doing there normal lies and spin on their political opponents so I see it as a good chance to get into TSLA do you have a view on this ? a buy price and a sell price ? , I have only ASX shares at the moment and never bought into overseas markets , does this company pay a dividend ? and is there a way of buying with out going direct , Does it make a tax return very complicated ? Thanks and Regards Glenn G
Hi Glenn,
There’s two parts to this question, lets start off with EV maker Tesla Inc. (TSAL US), in late January TSLA reported earnings and revenue for the fourth quarter that missed analysts’ estimates:
Tesla remains a high value/growth stock trading on a huge PE, as such it doesn’t yet pay a dividend. This would be a high risk and potentially high return initial foray into overseas investing although we have all seen an increasing number of Teslas on the road over recent years: its a stock which regularly rallies 3x and halves, all in 1-2 years.
There used to be a way of easily buying some US shares on the ASX, via a product called TraCRs, however, they have been discontinued. However, buying US shares is reasonably simple these days with most online brokers offering the facility. Its often a touch more expensive even when brokers quote zero commission, they make their money by exchanging the currency which can often be charged at 0.7%. It’s important to sign the US tax forms which would be part of any account opening process, to avoid tax being withheld in by the US.
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