The biggest bubble in modern history? 3 reasons why I wouldn’t buy Tesla stock in my ISA

first_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! The biggest bubble in modern history? 3 reasons why I wouldn’t buy Tesla stock in my ISA Image source: Tesla 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. Simply click below to discover how you can take advantage of this. 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. Cliffdarcy has no position in any of the shares mentioned. The Motley Fool UK owns shares of and has recommended Tesla. 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. Enter Your Email Addresscenter_img 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. Our 6 ‘Best Buys Now’ Shares Cliff D’Arcy | Monday, 21st December, 2020 | More on: TSLA See all posts by Cliff D’Arcy I’m 52 and have been investing for 34 years. As a veteran, I’ve witnessed four major market crashes since 1987, as well as lots of bizarre behaviour from investors. I’ve also learnt many painful lessons along the way. Today, I try to act as a rational and sensible investor. And, like acclaimed US fund manager Peter Lynch, I understand that, “although it’s easy to forget sometimes, a share is not a lottery ticket…it’s part-ownership of a business.” Hence, when I look at Tesla (NASDAQ: TSLA) stock today, I’m horrified, because I see the ‘mother of all bubbles’. Here are three reasons why I would not buy TSLA for my ISA at anywhere near the current price.1. Each Tesla sale ‘costs’ shareholders $1.32mAt the current stock price of $695, Tesla has a colossal market value of $658.8bn. Yet it sold under 320,000 vehicles in the first nine months of 2020 and will sell under half a million cars this year. Thus, Tesla’s current market capitalisation ‘values’ each car at $1.32m per sale. In contrast, Toyota is expected to sell 9.5m cars in 2020 and has a market cap of $250bn. This values each Toyota sold at just $26.3k. Thus, TSLA shareholders ‘value’ each Tesla sale at 50 times the value ascribed by Toyota’s owners to each Toyota sold. Frankly, that’s an insane over-valuation — and one I cannot find any imaginable metric to support.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…2. TSLA stock has skyrocketed by 760% in a yearIn the past 12 months, the value of Tesla stock has gone ‘to the moon’ (as Bitcoin fans often say). TSLA has soared by 760% in 12 months, making it 8.6 times as valuable as it was a year ago. But remember what Peter Lynch said — a share is part-ownership of a business. So, what brilliant results has Tesla revealed to justify it being valued at nearly 10 times as much as in December 2019? The simple reality is that nothing Tesla has done in 2020 can justify a rise of such a magnitude. Yes, Tesla sold a record 139,300 cars in Q3, but this is still a minuscule market share (0.8% of global sales). Also, Tesla sales in China are flat, while European sales have been falling in 2020.3. Tesla stock is valued at 1,377 times earningsThere are shares in quality FTSE 100 businesses trading at 10 times earnings today. All else being equal, these stocks will take 10 years to ‘earn’ their present market valuations (thanks to an earnings yield of 10% a year). At Tesla, this price-to-earnings ratio is an astronomical 1,377. That equates to an earnings yield of 0.073%. At its present valuation, Tesla would take until the year 3397 to ‘earn’ its present market cap. Even if Tesla’s earnings were to multiply tenfold, it would still take 138 years (until the year 2158) to get there. Bluntly speaking, that will not happen. That’s why I’m convinced that the Tesla stock price is grossly inflated and, therefore, unsuitable for my tax-free Stocks and Shares ISA.To sum up, a year ago, Tesla stock was a great buy — because it subsequently doubled, doubled and doubled again (and with more gains to spare). Nevertheless, over the course of 2020, the needles at Tesla have barely moved — except for the surging stock price and Elon Musk’s perpetual over-promising. That’s why, at today’s stock price of $695, I think the risk of investing in TSLA is steeply to the downside. That’s why I’ll be avoiding Tesla stock in 2020/21! “This Stock Could Be Like Buying Amazon in 1997”last_img read more

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Lambie starts at full-back for Boks against England

first_imgLATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS Pat Lambie replaces injured Zane Kirchner at full-backSPRINGBOK COACH Heyneke Meyer made three changes to the match 22 for Saturday’s second Test against England in Johannesburg.The only change to the starting 15 is at fullback, Pat Lambie replacing the injured Zane Kirchner. Lambie replaced Kirchner after half-time last week and will play in his 13th Test for South Africa.On the bench, Werner Kruger comes in for the injured Coenie Oosthuizen, while Bjorn Basson takes over from Lambie amongst the replacements.Neither Kruger nor Basson featured in last weekend’s first Test in Durban, won by 22-17 by the Springboks. Both played in their last Tests for South Africa against New Zealand on the away leg of the Tri-Nations last year.“We decided against no unnecessary changes as we aim to build some continuity during this season,” said Meyer.“We still have not had a lot of preparation time, but I’m pleased to have seen how the players have been getting stuck in – on the training field and during our off-field sessions. Starting XV:15 Pat Lambie, 14 JP Pietersen, 13 Jean de Villiers (C), 12 Frans Steyn, 11 Bryan Habana, 10 Morné Steyn, 9 Francois Hougaard, 1 Tendai Mtawarir, 2 Bismarck du Plessis, 3 Jannie du Plessis, 4 Eben Etzebeth, 5 Juandré Kruger, 6 Marcell Coetzee, 7 Willem Alberts, 8 Pierre Spies,Replacements:16 Adriaan Strauss, 17 Werner Kruger, 18 Flip van der Merwe, 19 Keegan Daniel, 20 Ruan Pienaar, 21 Wynand Olivier, 22 Bjorn Basson “This weekend will be a big challenge yet again against a good England side, but our focus is still on ourselves. We need to show further improvement from last weekend and have to make a step up this weekend.“We have confidence in all the players in our squad and that is why Pat, Werner and Bjorn have slotted in easily. Everyone knows what is needed this weekend and they have been very sharp at training. We now need to translate that to the match on Saturday.”South Africa v EnglandSaturday, 16 June 2012, at JohannesburgKick:off – 16:00 BST DURBAN, SOUTH AFRICA – JUNE 04: Patrick Lambie of South Africa during a training session at Northwood Crusaders Rugby Club on June 04, 2012 in Durban, South Africa. (Photo by Steve Haag / Gallo Images /Getty Images)last_img read more

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Kurdish president pardons doctor who was jailed for writing about homosexuality

first_imgNews RSF_en December 16, 2020 Find out more IraqMiddle East – North Africa Iraq : Wave of arrests of journalists covering protests in Iraqi Kurdistan Three jailed reporters charged with “undermining national security” February 15, 2021 Find out more Help by sharing this information News Receive email alerts IraqMiddle East – North Africa center_img Organisation Follow the news on Iraq News to go further News December 28, 2020 Find out more December 8, 2008 – Updated on January 20, 2016 Kurdish president pardons doctor who was jailed for writing about homosexuality Reporters Without Borders welcomes yesterday’s release of physician and freelance journalist Adel Hussein from prison in Erbil (330 km north of Baghdad) under a pardon granted by the president of the Iraqi region of Kurdistan at the start of every religious festival. Hussein had been in prison since 24 November, when he was found guilty of offending public decency under article 403 of the criminal code for writing an article about homosexuality for the independent Kurdish-language weekly Hawlati.————————————————————–2.12.2008Doctor jailed in Kurdistan for writing about homosexualityReporters Without Borders calls for the release of Adel Hussein, a doctor who was sentenced to six months in prison on 24 November in the Kurdish city of Erbil for writing an article about homosexuality for the independent weekly Hawlati. He was found guilty of offending public decency under article 403 of the criminal code.“Sexual practices are part of the individual freedoms that a democratic state is supposed to promote and protect,” Reporters Without Borders said. “Furthermore, Hussein did not defend homosexuality. He limited himself to describing a form of behaviour from a scientific viewpoint.”The press freedom organisation added: “We are astonished to learn that a press case has been tried under the criminal code. What was the point of adopting – and then liberalising – a press code in the Kurdistan region if people who contribute to the news media are still be tried under more repressive laws?”Currently held in the main prison in Erbil (330 km north of Baghdad), Hussein was prosecuted as a result of a complaint brought by the city’s public prosecutor over a scientific article published in April 2007 that detailed the physical effects of sodomy. As well as getting a six-month jail term, he was fined 125,000 dinars (85 euros).A member of the Union of Kurdish Journalists, Hussein often writes articles for the local press and hosts a programme on Newroz TV. Tareq Fateh, one of Hawlati’s editors, told Reporters Without Borders the sentence was unfair. “Sex education articles should not be judged according to the standards of public decency,” he said. RSF’s 2020 Round-up: 50 journalists killed, two-thirds in countries “at peace”last_img read more

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