.png){kind=logo}
Always remember that investments can go down as well as up in value, so you could get back less than you put in. A rule of thumb is to hang on to your investments for at least five years to give them the best chance of providing the returns you want.
Contents:
If you’re interested in investing in the exciting world of electric vehicles, Tesla (TSLA) might be the perfect stock for you. But how do you buy Tesla shares if you’re based in the UK? In this article, we’ll walk you through everything you need to know to get started, from the different ways to invest to the best time to buy.
You can buy Tesla shares in the UK from reputable stockbrokers, such as eToro, Freetrade, and Interactive Investor. Depending on your budget, attitude to risk and investment objectives, there are several other ways to buy Tesla shares in the UK, including buying Tesla shares through a fractional share provider, mutual fund or ETF, investment trust, and even contracts for difference (CFDs).
We’ll cover each method in turn below:
Featured Broker
Invest in Tesla ($TSLA) Shares With 0% Commission!
Capital at risk. Other fees apply.
One of the most common ways to invest in Tesla shares is through a broker. A broker is a financial institution that allows you to buy and sell stocks on the stock market. In the UK, there are many different brokers to choose from, including traditional full-service brokers and online discount brokers.
To buy Tesla shares in the UK through a broker, you’ll need to:
When buying Tesla shares through a broker, it is important to be aware of any fees and charges associated with the investment. Brokers typically charge a commission for each trade, which can vary depending on the broker and the size of the trade.
Some brokers charge additional fees, like account maintenance fees, FX fees or inactivity fees, which can eat into your returns if you’re not careful. It is also worth considering the tax implications of buying Tesla shares, as you may be subject to capital gains tax and stamp duty reserve tax.
If you do not have enough capital to buy a full share of Tesla, you may want to consider investing in fractional shares instead. Even if you have sufficient capital but would rather take advantage of pound cost averaging, where you invest small amounts of money regularly, fractional share investing might be right for you.
Fractional shares allow you to own a portion of a share instead of a full share, which can be more affordable and accessible for novice investors. Fractional share providers, such as eToro and Freetrade, have become increasingly popular in the UK in recent years.
To buy fractional shares of Tesla in the UK, you’ll need to follow a similar process to buying full shares through a broker:
When buying fractional shares of Tesla, it is important to be aware of any fees and charges associated with the investment. Most fractional share providers are commission-free brokers and do not charge a commission for each trade. However, there are some other fees you should be aware of, such as FX fees, withdrawal fees, ISA fees, platform fees, and stamp duty reserve tax, depending on the platform you choose.
Another way to invest in Tesla shares is through a mutual fund or exchange-traded fund (ETF). Mutual funds and ETFs are investment vehicles that pool money from multiple investors and use it to buy a diversified portfolio of stocks, bonds, or other assets. This can be a good option for investors who want exposure to Tesla but don’t want to buy individual shares or require more diversification in their portfolios.
To invest in Tesla shares in the UK through a mutual fund or ETF, you’ll need to follow these steps:
When investing in a mutual fund or ETF that holds Tesla shares, it is important to be aware of any fees and charges associated with the investment. Mutual funds and ETFs typically charge a fund management fee (expense ratio or ongoing charges figure (OCF)), which can vary depending on the fund and the size of your investment. Some funds may also charge additional fees, like transaction fees or redemption fees, which can impact your returns.
You can also buy Tesla shares by investing in an investment trust, which functions a bit like a mutual fund with certain distinctions.
A final way to invest in Tesla shares is through contracts for difference (CFDs). CFDs are derivative products that allow you to speculate on the price movements of an underlying asset, like a stock or commodity. When you invest in a CFD, you don’t actually own the underlying asset - instead, you’re betting on whether the price of the asset will go up or down.
To buy Tesla shares in the UK using CFDs, you’ll need to follow these steps:
When investing in Tesla CFDs, it is important to be aware of the risks and drawbacks of this investment strategy. CFDs are highly leveraged products, which means that you can lose all of your initial investment if the price moves against you. CFDs also typically involve higher fees and charges than other investment options, which can eat into your returns over time.
We’ve compiled a list of the best places to buy Tesla shares in the UK. These are our top trading platforms for buying, selling and holding UK and overseas stocks and shares, exchange-traded funds (ETFs), exchange-traded commodities (ETCs), investment trusts (ITs), contracts for difference (CFDs), foreign exchange (forex), and other trading products.
Please keep in mind that when you trade, your capital is at risk. The fees below are not exhaustive–other fees apply. ISA, pension, and tax rules also apply.
Here are the best places to buy Tesla shares in the UK:
eToro is a multi-asset trading platform that offers both investing in stocks and cryptoassets, as well as trading CFDs. With eToro, UK traders have real-time access to thousands of stocks, ETFs, indices, commodities, forex, cryptocurrencies, and NFTs from top exchanges worldwide. Catering to beginners and expert traders, eToro provides an impressive range of fundamental and technical analysis tools, including market news, economic data, social media trends, news sentiment trends, and advanced charting tools. ProCharts, a professional-grade technical analysis tool available on eToro, allows users to compare charts from different financial instruments and time frames. eToro also offers risk management tools, such as Stop Loss, Take Profit, and Trailing Stop Loss, to help you better manage your positions and protect your investments. Stop Loss and Take Profit are not guaranteed.
For customers who prefer ready-made investment portfolios, eToro has over 40 fully allocated, balanced investment portfolios, focusing on market segments you can understand and relate to. Some of the portfolios include MetaverseLife, BigTech, GoldWorldWide, Vaccine-Med, BitcoinWorldWide, Diabetes-Med, Driverless, and GigEconomy. These portfolios are a grouping of several assets, such as stocks, cryptocurrencies, ETFs, and even people, bundled together based on a predetermined theme or strategy. eToro also offers Copy Trading, a unique feature that allows everyday investors to copy the trades or investments of top-performing traders on the eToro platform. Anyone can copy trades on eToro; likewise, anyone can give others access to copy their trades. If you are an expert trader approved to participate in eToro’s Popular Investor Program, where others copy your trades, you will be eligible to receive monthly earnings.
It is entirely free to open an account with eToro, and all registered users receive a US$100,000 demo account for free, which you can use to practise trading until you become confident. Trading on eToro occurs in USD, so a currency conversion fee will apply if you deposit or withdraw in a currency other than USD. Withdrawals incur a fee of US$5 (£4), and the minimum withdrawal amount is US$30 (£24). For UK customers, eToro offers an eToro Money app that allows you to convert your GBP to USD free of charge, thereby reducing your foreign exchange costs.
Please note: Your capital is at risk. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Additionally, cryptoassets are high-risk investments, and you should not expect to be protected if something goes wrong. Tax on profits may apply. Copy Trading does not amount to investment advice. Other fees apply. For more information, visit eToro.
Earn up to 4.59% annual interest on uninvested cash
Interactive Investor is a subsidiary of wealth management giant Abrdn and the second-largest investment platform in the country. Also well known for its fixed monthly subscription fees (as opposed to annual percentage-based fees like most other investment platforms), Interactive Investor has been providing investment services and financial information to UK customers since 1995.
If you choose to invest with Interactive Investor, you will gain access to over 40,000 investment options, including UK and overseas shares, funds, investment trusts, and ETFs. This is the second-widest choice of UK and international investments offered by an investment platform in the UK. Interactive Investor allows you to build your portfolio in multiple ways depending on your investment goals, attitude to risk and personal preferences. Beginner investors or those who prefer ready-made investments can build their portfolios using Interactive Investor’s Quick-Start Funds, an easy way to start investing where you choose from six low-cost funds prepared by the team of experts at Interactive Investor. Advanced or more confident investors can choose from a wide range of funds and shares and build their portfolios themselves. Interactive Investor gives you access to 17 global stock exchanges, including exchanges in North America, Europe and Asia Pacific. These include markets such as the FTSE 100, FTSE 250, FTSE All-Share, S&P 500, NASDAQ, NYSE, Dow Jones and more. In addition to the above, Interactive Investor offers Japanese, Indian and Chinese shares in the form of American Depositary Receipts (ADRs).
Interactive Investor gives you a free trade every month, which you can use to buy or sell any investment. After that, trades usually cost £3.99. For those investing £50,000 or less, you can sign up for the cheapest plan (Investor Essentials), which costs only £4.99 a month but does not come with the monthly free trade. The platform also offers a free regular investing service that allows you to deposit as little as £25 a month towards your investments without paying a trading fee each time, irrespective of the plan you choose. Interactive Investor also has lots of expert ideas, research and insights, which can be helpful when selecting investments. Interactive Investor’s suite of products includes a Trading Account, Stocks and Shares ISA, SIPP and Junior ISA.
Capital at risk.
Earn up to 4.75% annual interest on uninvested cash
XTB is a user-friendly, fully-customisable European trading platform renowned for its extensive CFD and forex trading offerings. XTB provides traders instant access to hundreds of global markets and over 5,800 instruments, including UK and overseas stocks and shares, ETFs, forex, indices, commodities, stock CFDs, and ETF CFDs.
XTB is good for beginners and even better for experts. Beginners can take advantage of XTB’s Passive Investment Plan, which is designed for long-term investing. This plan allows you to build a portfolio of ETFs, set up recurring deposits so you invest regularly while taking advantage of pound-cost averaging, and invest fractionally so you can afford even the most expensive ETFs with as little as £15. Expert or advanced traders and investors can take advantage of the in-house trading software, xStation. xStation by XTB is a powerful trading software available on iOS, Android, and desktop devices and is suitable for beginners and advanced traders. The xStation trading software provides comprehensive charting and risk management tools. With the built-in trading calculator, you can easily estimate costs, profits, or losses before opening a position, modify stop loss, and take profit orders directly on the chart or close all positions with a click of a button. XTB also provides an extensive library of educational materials, including videos, webinars, and courses suitable for beginners and experienced traders. When you sign up, you will have access to a dedicated account officer who will work with you to help you better understand your needs and how XTB operates.
It is free to open a trading account with XTB, and all users have access to a free demo account with £100,000 of virtual funds that you can use to practise trading and investing until you become confident enough to use real money. Deposits in GBP and EUR are free of charge, but withdrawals below £60 have a £12 processing fee. Real stock trading is commission-free for monthly turnover up to €100,000 (£85,000). Transactions above this limit will attract a commission of 0.2% (minimum €10 (£8.50). If you invest in foreign stocks and ETFs, a 0.5% currency conversion fee may apply. Stock and ETF CFD trading are also commission-free. Other fees apply. XTB does not offer an ISA or SIPP.
Please note: Contracts for Difference (CFDs) are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Freetrade is a mobile trading app that gives you access to thousands of UK and overseas stocks, ETFs, REITs, and investment trusts covering different sectors and markets worldwide. The Freetrade app can be accessed on iOS, Android and desktop devices and offers a slick and easy-to-use user interface and experience. The app is a great choice for both beginners and experienced investors.
With Freetrade, you can invest in fractional shares of even the most expensive US shares with as little as £2. Depositing, trading and withdrawing on Freetrade are commission-free (other charges may apply). FX rates apply to US stocks at the spot rate + 0.99%. To get the most out of Freetrade, you can choose from three subscription plans. The Basic Plan costs £0.00 per month and allows you to open a General Investment Account (GIA) and trade commission-free. The Standard Plan costs £5.99 per month and allows you to open a Stocks and Shares ISA in addition to your GIA. With the Plus Plan at £11.99 a month, you get a Self-Invested Personal Pension (SIPP) and a Stocks and Shares ISA in addition to your GIA. Dealing on Freetrade is commission-free, irrespective of the subscription plan you choose. Freetrade’s suite of products includes a Stocks and Shares ISA, General Investment Account (GIA) and SIPP.
Special offer: Get a free share worth £10 when you join Freetrade and fund your account with at least £50.
Please note: When you invest, your capital is at risk. The value of your investments can go down as well as up, and you may get back less than you invest. ISA rules apply. SIPP eligibility and tax rules apply. Free share terms and conditions apply.
Moneybox is a UK investment app that allows you to invest in a range of tracker funds, exchange-traded funds (ETFs), exchange-traded commodities (ETCs) and US stocks. Moneybox offers two forms of investing depending on your investing savviness, investing strategy and attitude to risk. Beginner investors or those who prefer a ready-made portfolio can choose from the three ready-made portfolios on offer - Cautious (lower risk), Balanced (medium risk) and Adventurous (higher risk). Advanced or more confident investors can pick from the range of tracker funds, ETFs, ETCs and US stocks available and build their portfolios themselves.
The Moneybox app also empowers you to invest your spare change by rounding up your card transactions to the nearest pound and investing the difference on your behalf. For example, if you spend £2.30 on a snack, Moneybox will invest 70p for you. You can also instruct the app to make weekly or one-off deposits into your investment portfolio as it rounds up your spare change.
You can start investing with Moneybox with as little as £1. Moneybox offers commission-free trading on US stocks. However, fund management fees apply to other types of investments, ranging from 0.12% to 0.61% per annum. A currency conversion fee of 0.45% also applies to US stocks. Moneybox also charges an annual platform fee of 0.45% and a monthly subscription fee of £1 (you get the first three months free). Moneybox’s suite of products includes a Stocks and Shares ISA, Lifetime ISA, Junior ISA, Personal Pension, and General Investment Account.
Capital at risk.
AJ Bell is one of the UK’s largest online investment platforms, and its mission is to make investing as easy as possible for anyone. The platform offers thousands of investment options for the DIY investor, including shares, funds, bonds, investment trusts, ETFs, ETCs, and warrants.
There are multiple ways to get started with AJ Bell, depending on your risk tolerance and investing savviness. Beginner investors or those who prefer to choose a ready-made investment portfolio can get a little, or a lot, of help from AJ Bell’s specialists by selecting one of the investment ideas on offer. Investment ideas are diversified ready-made baskets of investments that you can select based on your personal preference and attitude to risk. There are eight total investment ideas, each built by a specialist team, and you can pick the right one for you depending on whether you are seeking to simply grow your money over time or receive an income whilst still growing your money. Expert investors can take advantage of the stock and fund screeners and complex instruments available on AJ Bell and build their portfolios themselves.
AJ Bell charges an annual platform fee ranging from 0.25% to 0%, depending on the size of your portfolio. Dealing fees for buying and selling investments online are £1.50 for funds and £5 for shares (reducing to £3.50 if there were ten or more online share deals in the previous month). AJ Bell’s products include a Share Dealing Account, Stocks and Shares ISA, Junior Stocks and Shares ISA, Lifetime ISA, SIPP and Junior SIPP.
Capital at risk.
InvestEngine is a low-cost ETF investment platform that provides a choice of managed portfolios tailored to you and commission-free DIY investing to help you build long-term wealth. Users can invest in over 500 exchange-traded funds (ETFs) from leading global asset managers.
With InvestEngine, you can invest in two ways depending on your tolerance for risk and savviness as an investor: beginner investors or those who prefer a ready-made investment portfolio can select from one of the managed portfolios on offer, where the team of experts at InvestEngine will take care of the day-to-day investment decisions for you. These portfolios are a selection of ETFs based on your preferences and risk tolerance. Once you’ve selected one, you do not have to do anything else besides monitor the performance of your investments. Advanced or more confident investors can choose from 500+ commission-free ETFs and build their portfolios themselves. InvestEngine also offers fractional investing, which allows you to buy bits and pieces of an ETF with as little as £1. This enhances your ability to build a diversified portfolio even if you have a small amount of money to invest. With the DIY Portfolio, there are no platform fees. However, the managed portfolios attract a fee of 0.25% per year. All InvestEngine portfolios are free of set-up fees, dealing fees, ISA subscription fees or withdrawal fees.
InvestEngine stands out amongst its competitors as one of the cheapest trading platforms in the UK because it charges no platform or management fees on its DIY Portfolio and just 0.25% a year on its managed portfolio. You can also start investing with as little as £100. InvestEngine’s suite of products includes a Stocks and Shares ISA, Personal Account and Business Account.
Capital at risk.
Pepperstone is a CFD and forex broker that allows you to trade a wide variety of instruments, including forex, indices, stocks, ETFs, commodities and other assets via contracts for difference (CFDs). The Pepperstone platform boasts low-cost spreads, fast execution speeds and access to over 1,200 trading instruments. The Pepperstone CFD trading accounts allow a minimum trading size of 0.01 lots and a maximum of 100 lots. Retail traders can access leverage up to 30:1 and over 60 currency pairs.
Pepperstone also allows scalping, expert advisors, hedging, and news trading. With Pepperstone, you can trade and enjoy the seamless creation of advanced trading strategies via some of the most popular and powerful trading software in the world, including TradingView, MetaTrader 4 (MT4), MetaTrader 5 (MT5), CTrader, DupliTrade (for social and copy trading), and Capitalise AI (for code-free trading automation). The Pepperstone platform is suitable for both beginners and advanced traders. It is especially suitable for professional traders who want to take advantage of higher leverage. Pepperstone also has a suite of educational materials to help traders at every level.
It is entirely free to open an account with Pepperstone, and all registered users gain access to a free demo account, which you can use to practise CFD trading until you become confident. On Pepperstone, the spreads, which function as trading fees for CFD brokers, start at 0.6 pips for forex CFDs, 0.4 for index CFDs, 0.05 for commodity CFDs, and 0.10% per side for UK share CFDs. Pepperstone also charges a swap rate (overnight fee) for holding CFD positions overnight. Other fees apply. Pepperstone does not offer an ISA or SIPP.
Please note: When you invest, your capital is at risk. Between 74 and 89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and can afford to take the high risk of losing your money.
Earn up to 3.91% annual interest on uninvested cash
Saxo is the UK division of Saxo Bank, a large European bank that allows you to invest in 71,000+ financial products from stock markets worldwide. With Saxo, you can invest in UK and overseas stocks and shares, bonds, mutual funds, ETFs, forex, CFDs, futures, commodities, and options.
Saxo allows you to invest in one of two ways depending on your investment knowledge: Beginner investors or those who prefer to choose a ready-made portfolio can select from one of the managed portfolios on offer, where Saxo experts navigate the markets and manage your investments on your behalf. The average cost of this managed portfolio is 0.95% per year (including fund costs). Advanced or more confident investors can choose from the range of financial products on offer and build their portfolios themselves. Saxo traders benefit from extensive charting with 50+ technical indicators, integrated trade signals, news feeds and risk-management features via the SaxoTraderGO platform. Advanced traders can access even more sophisticated trading features on SaxoTraderPRO, Saxo Bank’s desktop-only advanced trading platform.
Saxo has different transaction fees grouped into trading tiers. If you plan to trade high volumes, you can upgrade your tier to get lower transaction fees. The Classic tier, which attracts the highest trading fees, costs 0.08% (min. £3) per deal for UK Stocks and US$0.015 (min. US$1) per deal for US Stocks. Other fees apply. Saxo’s suite of products includes a Trading Account, Stocks and Shares ISA and SIPP.
Please note: Capital at risk. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
As of June 2024, one share of Tesla (NASDAQ: TSLA) costs about $178 (£139). It is important to remember that stock prices are subject to change, and past performance is not a reliable indicator of future results. You can find Tesla’s share price and more information about the company at any time by visiting TradingView.
When investing in Tesla or any other stock, it is important to focus on the long-term performance of the company rather than short-term price movements. It can be helpful to diversify your portfolio and invest in a variety of stocks, bonds, and other assets to reduce your overall risk and increase your potential for long-term returns.
Tesla is one of the most innovative and fastest-growing companies in the world, with a market capitalisation of over $558 billion as of June 2024. The company is at the forefront of the electric vehicle revolution and has made significant progress in renewable energy, battery storage, and autonomous driving technology.
Here are some reasons why you may want to consider investing in Tesla:
When conducting your own research, you can find the kinds of data highlighted above on TradingView.
Overall, Tesla’s disruptive technology, strong growth potential, commitment to sustainability and social responsibility, strong financials, innovative leadership, and growing demand for electric vehicles make it a compelling investment opportunity for investors looking for long-term growth and innovation.
However, as with any investment, it is important to carefully evaluate the risks and potential returns before making a decision.
When considering an investment in Tesla shares, it is important to take into account several factors that can affect the stock’s performance and your returns. Here are some key factors to consider:
By taking these factors into account, you can make informed decisions about whether to invest in Tesla and how to manage your investment over time.
The best places to find data on Tesla include Tesla’s website, news sites such as CNBC and Financial Times, and charting and trading websites such as TradingView and Investors Business Daily’s MarketSmith.
The cheapest way to buy Tesla stock in the UK is through a commission-free fractional share broker such as eToro, Freetrade, or Moneybox. These brokers allow you to purchase fractional shares of Tesla stock, which can be a more affordable option than buying full shares. They are also commission-free, meaning you do not pay a trading fee each time you buy or sell a share.
Another cost-effective way to gain exposure to Tesla’s stock is through mutual funds and ETFs that invest in the company. These funds typically have lower fees and expenses than actively-managed funds, making them a good choice for investors looking to save on costs. A good example is the UBS S&P 500 Index Fund, which invests in the 500 largest companies in the US stock market, including Tesla.
While CFDs may seem cheaper in terms of upfront costs, they can be more expensive in the long run due to high fees and leverage costs. As with any investment, it is important to consider the real cost of investing in Tesla shares, which will depend on factors such as the size of your investment, the frequency of your trades, and the fees and charges associated with different investment options. By carefully evaluating your options and seeking out cost-effective strategies, you can maximise your returns while minimising your expenses.
If you’re a novice investor, you may be wondering whether it’s worth buying a single share of Tesla. The answer to this question depends on your investment goals, risk tolerance, and overall financial situation.
On the one hand, buying a single share of Tesla can be a good way to dip your toes into the stock market and get a feel for how investing works. It can also be a way to take advantage of any potential price gains if Tesla performs well in the future. However, buying a single share of Tesla may not be the most cost-effective way to invest in the stock, as you may be subject to high commissions and fees for a small investment.
If you’re interested in investing in Tesla but do not want to buy a full share, fractional shares or mutual funds and ETFs may be a better option. These investment vehicles allow you to invest in Tesla with smaller amounts of money and may offer lower fees and expenses than individual shares.
If you buy Tesla stock today, your investment will be subject to the price movements of the stock in the future. This means that if Tesla’s stock price goes up, your investment will increase in value, and if the stock price goes down, your investment will decrease in value.
It’s important to remember that investing in stocks, including Tesla, is not a guaranteed way to make money. Stock prices can be volatile and unpredictable, and past performance is not a reliable indicator of future results. Before investing in Tesla or any other stock, it is essential to do your research, understand the risks involved, and make an investment plan that aligns with your goals and risk tolerance.
The best time to invest in Tesla stock is a question that is difficult to answer definitively. Stock prices are subject to a wide range of factors, including macroeconomic trends, company performance, and investor sentiment, which can be hard to predict.
That being said, there are some general guidelines that can help you make informed investment decisions. Here are three strategies that can help determine the best time to invest in Tesla stock:
Ultimately, the best time to invest in Tesla stock will depend on your individual financial goals and risk tolerance. By carefully evaluating your options and monitoring market conditions, you can make informed decisions about when to invest in Tesla stock and potentially maximise your returns over time.
Whether you use pound-cost averaging, focus on long-term growth potential, or take a different approach altogether, it’s important to remain patient and stay committed to your investment strategy.
The minimum number of Tesla shares you can buy depends on the brokerage you use. Some brokers may require you to buy at least one full share, which, as of June 2024, would cost over £100. Other brokers offer the option to buy fractional shares, which means you can purchase a small portion of a share instead of a whole share. This allows investors to own a stake in a company with less capital than would be required to purchase a full share.
For example, if Tesla’s share price is £100 and you only have £50 to invest, you could use a fractional share brokerage platform to buy 0.5 shares of Tesla. This means you own half of a share of Tesla, and your investment is worth £50 based on the current share price.
Fractional share investing can be a useful strategy for investors who want to own shares in companies like Tesla but may not have the capital to purchase a full share. However, it is worth noting that some brokers may charge fees for fractional share purchases or may only offer the option for certain stocks or ETFs. Be sure to research the fees and terms of any broker before using their platform for fractional share investing.
Examples of commission-free fractional share brokers in the UK are eToro, Freetrade, and Moneybox. All three platforms allow you to buy small fractions of Tesla shares with as little as £10.
Every month, we’ll send you The Plug - a curation of the best personal finance content in the UK. We share real-life stories, how-to guides, top personal finance news, popular community questions, and tips to help you stay on top of your money.
.png){kind=small}
