How does one take part in an IPO? Can I use my E-Trade brokerage account? I'm just getting into investing, I know its risky times and a risky company, but I think battery tech is the future and Tesla obviously knows a few things here.
I would be surprised if you can get a part of it. Most IPOs, particularly if they are tipped to be 'hot' are locked up by institutional investors and brokers' preferred clients. The supply is restricted to ensure that the price moves higher on the first day, giving both a successful launch and a handy profit for those involved.
It's almost a case where you don't want to buy into an IPO that you can get into.
Having said that, if you can get an allocation through e-trade, by all means go ahead. On the plus side you don't have to pay brokerage fees to enter.