Should UK investors buy Tesla stock now? Enter Your Email Address Image source: Getty Images See all posts by Paul Summers Paul Summers owns shares in Scottish Mortgage Investment Trust. 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. Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997” 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. Our 6 ‘Best Buys Now’ Shares 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. Paul Summers | Wednesday, 15th July, 2020 | More on: TSLA US electric car maker Tesla (NASDAQ: TSLA) has been one of the success stories on the US market this year. The shares are now a staggering 250% higher than where they were at the beginning of 2020.What’s behind this explosive rise and should UK investors consider taking a stake now?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…Why is Tesla racing away?There are a few reasons for its momentum. First, the buzz around electric vehicles looks to have moved into a higher gear. Increased concern for the environment and the firm’s technical supremacy over other manufacturers (it’s expected to unveil a million-mile, low-cost battery in September) has put Tesla in a thematic sweet spot. Factor-in investors’ belief in the visionary brilliance of CEO Elon Musk and Tesla’s rise, while extreme, makes some sense. Another reason for this rise rests on its status as the ultimate ‘Marmite stock’. But those who loathe it question how a company that still only sells thousands of cars a year can be worth more than those that sell millions combined. This has previously led to massive ‘shorting’ of the stock — traders betting Tesla’s share price will fall.One explanation for why this hasn’t happened is old-fashioned herd speculation. With no sports to bet on during lockdown and buoyed by Federal Reserve’s relief packages, bored novice investors have flooded markets in recent months. Many, it would seem, have put their money into Tesla. This has, in turn, forced said shorters to desperately close their positions (known as a ‘short squeeze’), further propelling the shares upwards.Will it keep rising?It’s hard to say if this can last. History is littered with companies continuing to rise in value despite becoming utterly detached from their fundamentals (which Tesla arguably is). Greed is a powerful motivator. So too is a great story.What we do know is that Tesla ‘shorts’ are now at their lowest level on record. With fewer positions left to close, this could mean the big gains seen recently may be at an end. Adding to the bear case, market jitters over a second coronavirus wave could cause a heavy bout of profit-taking.Last, let’s not forget that Musk’s unpredictability can be a liability for Tesla. In May, he suggested that the value of stock in his own company was “too high“, causing the shares to fall 10%.Taking all this into account, I’d suggest anyone thinking of buying Tesla now should tread carefully if they don’t intend on holding for years. The long-term potential might be even better than anticipated, but the probability of near-term volatility up to the next earnings update on July 22 (and perhaps medium-term choppiness too) is very real.Any alternatives?One option for less risk-tolerant readers would be to look for a fund with shares in the company. UK-based, tech-focused, FTSE 100 member Scottish Mortgage Investment Trust is an example. Tesla is its biggest holding. Unsurprisingly, performance this year has been excellent. The fees charged are also reasonable for an actively-managed fund.A passive alternative is the iShares Electric Vehicles and Driving Technology UCITS ETF. It has 3.31% of its assets in Tesla but is diversified across 84 other stocks. This should give holders sufficient protection while allowing them access to one of the decade’s biggest investment themes.Buying either also avoids the paperwork required by brokers when you buy US stocks. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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.
At the beginning of this year, a letter from the NCUA to all credit unions detailed what the areas of focus would be for IT Examinations for credit unions of all sizes, with the intent of helping CU’s prepare for their exams and maintain IT compliance. Specifically the ares of fucus were identified as: Cybersecurity, Interest Rate Risk, and Bank Secrecy Act compliance. The letter went on to say that the NCUA would “redouble their efforts” to ensure CU’s are prepared for cybersecurity threats. Here is what the letter said in detail as it relates to cybersecurity:In 2015, NCUA will redouble efforts to ensure that the credit union system is prepared for a range of cybersecurity threats.NCUA field staff will focus on proactive measures credit unions can take to protect their data and their members, including:encrypting sensitive data;developing a comprehensive information security policy;performing due diligence over third parties that handle credit union data;monitoring cyber security risk exposure;monitoring transactions, andtesting security measures. continue reading » 41SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr