The Tesla (NASDAQ: TSLA) share price has fallen significantly in recent months. Last week, it closed at $590. That’s about 34% below its all-time high of $900, set in January. We need to put this drop in perspective though. Over the last year, Tesla stock is still up about 275%.

Has Tesla’s recent share price weakness provided a buying opportunity for me? Let’s take a look at the stock.

Tesla continues to advance

Tesla’s Q1 2021 results showed the company is continuing to advance. For the period, total deliveries came in at 184,887 vehicles, up 109% year-on-year. Revenue came in at $10.4bn, up 74% year-on-year. This growth is encouraging.

Meanwhile, Tesla continues to make progress in the self-driving space. Last week, CEO Elon Musk tweeted that he expects Tesla to release an improved version of its full self-driving technology within the next two-to-three weeks.

It’s worth noting that ARK Invest … Read more

If I had a lump sum of £3,000 to invest today, where would I put it? I’d start by looking at UK shares, as my home market is the one I know best.

Next, I’d consider how much risk I was willing to accept. The three investments I’ve chosen today cover a broad range, from a simple fund through to a high-risk turnaround.

An auto-pilot investment

If I wanted to play it safe, I’d probably put my £3,000 into a FTSE 100 index tracker fund. This would give me exposure to the 100 largest listed companies in the UK.

Many of the big businesses behind these UK shares earn make most of their money abroad. This means that investing in the FTSE 100 would give me a decent level of exposure to the global economy.

In terms of potential gains, the UK stock market has a long-term average historic growth … Read more

When looking for the best shares to buy, I primarily focus on the individual business, rather than what’s happening in the wider economy.

Does the company have a strong balance sheet? Is debt under control? Is its pension scheme a burden? How competitive is its market? What are the barriers to entry? Could a new challenger steal its customers? How sustainable is the dividend? Does the share price look undervalued or overpriced?

These will help me determine which shares are the best to buy for my portfolio. Doing my research like this doesn’t guarantee success, of course. No investor can guard against unexpected shocks. Either macroeconomic, such as the financial crisis or the Covid pandemic, or an individual company disaster, such as the BP Deepwater Horizon rig blow-out, or the Tesco accounting scandal.

I’m after the best shares to buy

One way I like to turn the odds in my … Read more

I’m delighted to see the Lloyds Banking Group (LSE: LLOY) share price stage such a strong recovery. I’ve previously hailed the FTSE 100 stock a bargain, but it’s also made me nervous and some days I wouldn’t have touched it at all.

In April last year, I said the Lloyds share price looked like an unmissable bargain, trading below 30p, but you’d need nerves of steel to buy it. It now stands at 46p, so anybody who rose to the challenge will have been amply rewarded.

Yet my ambivalence continued. In October, just before November’s vaccine breakthroughs, I noted that the Lloyds share price had lost 95% of its value since peaking at 591p just before the financial crisis. Despite that, it remained the UK’s most traded stock and I wondered if Britons had lost their minds over it. Me included.

This FTSE 100 stock is tempting

The Lloyds … Read more

For most, the first step towards getting on the property ladder is saving for a mortgage deposit. However, raising a deposit can be difficult, especially for first-time buyers. That’s why many have to rely on the good old bank of mum and dad for assistance.

However, according to new research from estate agent Purplebricks, things may be changing. In the last five years, there has been a sharp increase in the number of first-time buyers saving for their deposit entirely on their own. Here is everything you need to know.

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What is the average deposit?

The exact deposit required is determined by the type of mortgage you choose and the value of the property.

For example, because of the government’s new mortgage guarantee scheme, first-time buyers can currently obtain a mortgage with a deposit of only 5% of the property’s value.

The average deposit needed for this Read more