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Why I’m Buying the Next Tesla Motors (name and ticker)

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One little-known EV startup…
Pre-IPO Secrets

Why I'm Buying the Next Tesla Motors (name and ticker)

By Ian Wyatt

By Ian Wyatt
Thursday, February 25, 2021

One little-known EV startup…

Just announced ambitious plans to build 250,000 EVs per year.

These new 100% electric vehicle will be built by a proven partner. And it could create a profit windfall for early investors.

Go here for my #1 EV Pre-IPO to BUY in February.

Fisker (NYSE: FSR) just announced a partnership with Foxconn.

Foxconn will build a new mass market EV for Fisker.

Fisker expects to produce 250,000 vehicles per year with Foxconn.

Foxconn is probably a familiar name. The Chinese company is a key partner with Apple – making all of Apple's iPhones and iPads.

The codename for the deal is "Project PEAR." Which stands for Personal Electric Automotive Revolution.

The news didn't mention what vehicle will be made by Foxconn. Or the price of those vehicles. However, let's assume that each of those vehicles has a price of $40,000.

That would translate into $10 billion in annual sales for Fisker!

Not surprisingly, Fisker stock jumped 38% on yesterday's news. And Fisker shares are now up 137% since I recommended the Pre-IPO on Oct. 28.

My next EV Pre-IPO is targeting even bigger profits within 90-days.

Go here ASAP for today's urgent briefing.


Why I'm BUYING Fisker Stock

I don't currently own shares of Fisker. However, I'm planning to buy shares in my personal account.

Let me explain why…

This deal with Foxconn reveals that Fisker will soon become a major player.

Tesla Motors produced 500,000 EVs last year – and the company is valued at $712 billion.

Fisker's current total market value is just $6.3 billion – or less than 1% of Tesla. Yet within three years, Fisker could be pumping out 50% of Tesla's current vehicle production.

Yesterday's news shows that Fisker and Foxconn plan to begin production in the final months of 2023. So, the companies are 2 ½ years away from producing the first car.

One analyst at Cowen & Co. recently announced sales projections for Fisker:

  • $556 million in 2022
  • $3.2 billion in 2023
  • ??? in 2024

In the coming days I'd expect analysts at Cowen and other firms will likely update these research reports. This will likely include estimates for 2024. And could include a series of upgrades for Fisker stock.

Let's consider the valuation of Fisker…

Shares of Tesla Motors (NASDAQ: TSLA) currently trade at 6 – 7 times 2023 sales. And if we apply the same price-to-sales ratio to Fisker the company would be worth $19.2 billion.

That works out to a share price of $46 – or 205% above the recent price.

Plus, the company's sales could grow from $3.2 billion in 2023 to over $10 billion in 2024. That's another 213% growth in the company's sales. And would presumably send shares surging to new heights.

EV's are booming – and Fisker looks to be a cheap stock for playing this growth sector.


My #1 EV Battery Stock for Bigger Gains

One unknown EV battery stock could deliver even bigger gains.

This next generation battery can be fully charged in just 15-minutes flat. Plus, it's non-flammable and completely safe.

This EV tech is already earning +$100 million in sales. And the company expects that to grow to over $2.3 billion in a few years.

This PRIVATE company is quietly preparing to IPO. And right now is your chance to scoop up Pre-IPO shares before it goes public.

Just click here ASAP – my LIVE briefing starts today at 12pm ET.

Yours in Wealth,
Ian Wyatt
Ian Wyatt


 


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