Tesla’s share price: 3 things I think UK investors should know

first_img Tesla (NASDAQ: TSLA) stock is having an amazing run at the moment. Already this year, the electric vehicle (EV) manufacturer’s share price is up over 20%. Meanwhile, over the last 12 months, it’s up around 700%.As a result of the huge level of excitement around Tesla, UK investors are scrambling to buy the stock. Last week, for example, it was the second most purchased stock on the Hargreaves Lansdown platform. Is buying now a good move? Here are three things those in the UK should know about the Tesla share price.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Tesla now has an enormous market capThe first thing to know about Tesla is that, after its recent share price rise, it now sports a market capitalisation of $770bn. That’s enormous. That makes it one of the largest companies in the S&P 500 index.It’s worth pointing out here that Tesla sold 499,550 cars in 2020. That puts the market-cap at roughly $1.5m per car sold. Of course, it’s not just about the cars anymore. Those betting on Tesla now are essentially backing the company to dominate a range of industries including clean energy and autonomous vehicles (AVs).They’re also backing Elon Musk. As CNBC’s Jim Cramer said last week: “It’s his brain that we’re buying.”Tesla’s share price divides opinionTesla’s huge market-cap does divide opinion though. Some investors believe it’s warranted, given Tesla’s long-term growth potential. For example, Morgan Stanley analyst Adam Jonas recently reiterated his ‘overweight’ stance on the stock.“In our opinion, Tesla is still the best positioned company in EVs and AVs under our coverage due to its people, its technology, business model and access to capital,” he wrote last week.However, others aren’t so convinced. For example, Blue Whale Growth portfolio manager Stephen Yiu recently said Tesla reminded him of Cisco in the late 1990s. It was tipped to dominate the internet space, but didn’t. “There’s a lot of expectation and speculation,” Yiu said last month in relation to Tesla stock. The Big Short investor still expects TSLA stock to fallFinally, UK investors should know that Michael Burry, the hedge fund manager who featured in the movie ‘The Big Short’, is still shorting Tesla stock. This means the investor – who predicted the housing market crash – expects the stock to fall.Burry is currently sitting on a large loss on his Tesla short position. However, he noted last week that his housing market bet a little over a decade ago didn’t pay off straight away either.“Well, my last Big Short got bigger and bigger and BIGGER too. Enjoy it while it lasts,” he tweeted last week.My view on Tesla stockMy view on Tesla stock is the same as it was last year. I think caution is warranted after the exponential share price rise. I like the company. However, I don’t like the valuation.Right now, I think there are much better growth stocks to buy. Tesla’s share price: 3 things I think UK investors should know Image source: Tesla Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Like this one… Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997” Enter Your Email Address Our 6 ‘Best Buys Now’ Shares Edward Sheldon, CFA | Tuesday, 12th January, 2021 | More on: TSLA I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Edward Sheldon owns shares in Hargreaves Lansdown and has a position in Blue Whale Growth. The Motley Fool UK owns shares of and has recommended Tesla. The Motley Fool UK has recommended Hargreaves Lansdown. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. See all posts by Edward Sheldon, CFAlast_img read more

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Stevie Wonder Shines, But ‘House Full of Toys’ Falls Short Again At Staples Center [Photos]

first_imgPhoto: Brandon Weil Load remaining images There are a few things you can count on when attending Stevie Wonder’s semi-annual House Full of Toys Christmas benefit concert.A great cause (or, this year, causes, with proceeds going to victims of Southern California’s recent wildfires). Lots of holiday cheer. Plenty of talented guests. And, of course, the sheer awe inspired by Stevie, who’s arguably the greatest living singer-songwriter-musician—if not the Greatest Of All Time.But like LeBron James on the Los Angeles Lakers so far, Stevie’s shows at Staples Center have left something to be desired—or left plenty of room for growth, depending on your perspective.This was the second edition of the concert since it took up residence inside the centerpiece of LA Live. Last year’s show was plagued by technical mishaps and delays, with performances dragging past midnight.This year’s entry featured much of the same. The main show didn’t begin until over a half hour past the scheduled start time. Delays between acts forced comedian Chris Spencer and Aisha Morris, Stevie’s daughter, to stall with stories and jokes.Staples Center’s less-than-ideal acoustics aside, the sound took a hit from miscues with the mics. While attempting to sing a duet with her dad on “Little Drummer Boy,” Aisha Morris, one of Stevie’s daughters, fell silent in front of a malfunctioning microphone.Issues like these are practically canon for Stevie, to the degree that he and Aisha cracked wise about time. And to some extent, they are to be expected of an ensemble show that, this year, included the likes of Anderson .Paak, Leon Bridges, Lukas Nelson, Chante Moore, Ro James, PJ Morton, Ella Mai, Daley and Ari Lennox. Shuffling artists onto and off of the stage—with all those changes in equipment—is bound to take time and cross wires.But there’s a certain disappointment that attends seeing those issues come at the expense of great talent, Stevie’s included. As sensational as it was to hear Stevie serenade the crowd with classics like “That’s What Christmas Means to Me,” “Winter Wonderland” (with Morton) “My Cherie Amour” (with Moore), “You and I” (with Daley), “Overjoyed,” “Superstition,” “As” and “Another Star,” it was tough to shake the interminable waits and awkward introductions. Surely, Nelson, who captivated the audience with his song “Find Yourself” and co-wrote a slew of tunes in Bradley Cooper’s “A Star is Born,” deserved more credit than being brought on as Willie Nelson’s son. Ditto for Bridges, who sang his beautiful ballad “River” after being billed by Aisha as recognizable for the songs he’s put in commercials—rather than, say, for his Grammy nominations.Add to those Stevie’s announcement of a long list of corporate sponsors at the top of the show and the so-so spot for a boy band called 4th Ave, and the pile of faux pas became too much to ignore.Between Stevie’s generational gifts, the star power of his guests and the charitable efforts toward which proceeds from House Full of Toys contribute, Staples Center should be packed to the rafters with holiday revelers. Instead, there was room to roam throughout the building and plenty of cheap tickets available online. Given the reputation the show has for its problems—and the level at which it lived up to said reputation this year—it’s easy to see why that was the case and tough to blame folks for staying home.last_img read more

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