facebookIs the 10% off Tesla voucher on Tiger Brokers worth it? - Seedly

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Anonymous

08 Jun 2021

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General Investing

Is the 10% off Tesla voucher on Tiger Brokers worth it?

Has anyone used the 10% Tesla voucher recently? How does it work? (ie can I buy at a 10% discount and instantly sell at market price?) And is it worth it?

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Nicholas Beh

08 Jun 2021

Student Ambassador 2020/21 at Seedly

Note: The Tesla 10% off voucher promotion has ended. Check out the new free Amazon/Apple/Xiaomi shares promotion here.

You will need to redeem it in the Promotions & Rewards section in your Tiger Trade app. It requires you to pay 90% of the value of the stock upfront, and after which it will be credited to your account within 10 working days. You will not receive the stock immediately after payment.

For more details, you can read this step-by-step guide on how to redeem your 10% off Tesla stock voucher here.

Is it worth it? In my opinion, yes! One TSLA share is valued at over 600USD, so you are effectively getting a discount of 60USD or more on the share. Of course, you can sell once you receive the share, but TSLA is a volatile stock and there is a risk that the value may drop by 10% or more in the meantime, causing you to incur losses.

You can visit https://www.tigerbrokersguide.com for more guides and to learn more about their latest promotions!​​​

It is definately worth the buy considering Tesla business model and is supported by the government. Just get a Tesla share and sell it when you need it. You can only buy 1 Tesla share. Generally Tesla have potential to grow even more.

There's a time limit of 20 days or so. I signed up over a month ago and overlooked the rewards. Can'...

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