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Tesla shares rose 3.6 percent on Thursday, rising after strong retail sales, indicating higher consumer demand and possible growth in vehicle sales.

Tesla Inc (NASDAQ:TSLA) shares rose 5.77% to $213 on Thursday. The stock is trading higher after stronger-than-expected retail sales, potentially indicating increased consumer demand and confidence, which could fuel expectations for higher vehicle sales.

Tendency:

The strong retail sales data suggests that consumers are willing and able to spend more, which bodes well for expensive items like electric vehicles (EVs). Tesla, as a leader in the EV market, could benefit from increased demand for its cars, generating higher sales and revenue.

Among the spending categories highlighted in the report, auto and parts dealers saw a 3.6% increase, suggesting growing consumer interest in buying cars. As consumers increasingly favor eco-friendly options, Tesla is likely to capture a large share of this increased demand for vehicles.

In addition, a strong labor market, reflected in lower than expected unemployment numbers, supports economic stability, which in turn can lead to greater consumer confidence in major purchases such as cars. In such an environment, Tesla’s premium products are more likely to see sustained or increasing sales.

Thursday’s rise in major indexes, such as the Invesco QQQ Trust, Series 1 (NASDAQ:QQQ) and the SPDR S&P 500 ETF Trust (NYSE:SPY), is also pushing individual stocks within those indexes higher. Tesla, a key component of those indexes, could see its share price rise in line with broader market gains as investors move into riskier assets like technology stocks during times of economic optimism.

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How to buy TSLA shares

Now you’re probably curious about how you can participate in the Tesla market – whether by buying shares or even betting against the company.

Buying stocks is usually done through a brokerage account. You can find a list of possible trading platforms here. Many allow you to buy “fractional shares,” which lets you own portions of stocks without buying a whole share. For example, some stocks, 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 it, you can do so with brokerage firms.

In the case of Tesla, which is trading at $201.38 at the time of publication, you could buy 0.5 shares for $100.

If you want to bet against a company, the process is more complex. You’ll need access to an options trading platform or a broker that allows you to “short” a stock by lending you the shares to sell. For information on how to short a stock, see this resource. If your broker allows you to trade options, you can either buy a put option or sell a call option at a strike price that’s above the current stock price. Either way, you can profit from the price drop.

According to data from Benzinga Pro, TSLA has a 52-week high of $278.98 and a 52-week low of $138.80.

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