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A US Security & Exchange Commission alleged the MassMutual Trust Company FSB. It is a fully owned contribution of Massachusetts Mutual Life Insurance Company. Meanwhile, the company cut back its investment and shares in Alphabet Inc. and Tesla Inc. The documents confirm the company dumped its contribution of around 3,000 shares of Tesla in the 4th quarter of 2022.

The cutback measure brought the valuation of its assets to around $3.8 million. Tesla stock lost at least half of its valuation between October and December. The massive drop was amid Elon Musk’s Twitter acquisition. However, the general stock market declined with Fed’s constantly increasing interest rate and demand issues. Tesla has now improved its string of price decreases in the year 2023.

Get the Model 3 Version of Tesla at just 229,900 Yuan

Tesla China has offered a price of around 229,900 Yuan ($33,555) for its base Model 3 version. Whale Wisdom said it was a decrease of at least 13.6% from the earlier price of 265,900 Yuan. However, the fund dropped around 2,200 Class A shares and sold more than 6,500 Class C shares of Alphabet. Keep in mind that the shares of Alphabet dropped at least 8% in the 4th quarter of last year.

During the 4th quarter, the MassMutual Trust Company FSB injected investment in Lincoln Electric Holdings Inc. The company purchased around 54,000 shares and brought the valuation of its holding to more than $7 million. Meanwhile, the firm also bought around 2,000 shares of Chevron Corporation. This move brought the valuation of its holdings to more than $48 million.

Learn About Tesla Inc.

However, Tesla is a better option if you need to invest in solar panels or Electric Vehicles. Tesla maintains environmentally critical worldwide consumers. The company offers a strategy to decrease the threshold of global warming and reduce carbon footprints. The delivery of solar-powered homes to people has become essential to provide clean and efficient energy for their lifestyles.

The company presented Tesla Roadster to the market in 2008. Tesla went public with an IPO (initial public offering) of $17 per share. Keep in mind that Tesla Inc. purchased solar panel manufacturer Solar City in 2016. The Model 3 of Tesla won the UK Car of the Year 2020.

Do You Want to Buy Tesla Stock?

It is noteworthy that Tesla trades on the NASDAQ exchange with the symbol TSLA. However, the company doesn’t have an option for direct purchase, only Tesla employees can only get this option. So, you have to go through a broker if you need to buy Tesla stocks.

You can get multiple options such as trying short-selling Tesla stock. However, you can keep or sell your Tesla stock according to its performance. People need to open a brokerage account in order to purchase TSLA shares.

Here are some essential steps if you need to buy Tesla (TSLA) shares.

Buy Shares Directly using Your Brokerage Account

First of all, you need to create your brokerage account to start operations. You can purchase a Tesla share at a market price of select to buy a call. However, you can hold onto the share till you need to sell it if you selected to purchase it at market price. It is just tradable for a limited time if you are purchasing a call or put option.

Selecting a Strike Price Option

The strike price refers to the amount you need to pay to purchase a stock option at a premium. For example, set a strike price of $850 to buy put options if the stock’s current market price is $865. You can sell your put options to make a profit of $10 per put if the stock dropped to $840.

The Selection of an Expiry Date

Keep in mind that every put-and-call option traditionally comes with an expiration date. You can set the expiration date anywhere between one week to two months and even a couple of years. This option offers an opportunity to independently trade call and put options. Meanwhile, you will pay more premiums on the options purchased if you set a longer expiration date.