Tesla stock is soaring . . .
After Tesla Motors (NASDAQ: TSLA reported delivering a record 184,800 EVs in the last three months.
One new EV stock could jump 443% based upon my estimates – AFTER the IPO.
Tesla stock had been lagging before Friday’s news . . .
Wall Street analysts expected just 170,000 deliveries during the first quarter. And Tesla’s results exceeded that by 9%.
It marks the highest number of EV deliveries from Tesla in a three-month period.
The news came out on Friday when the stock market was closed. Tesla shares are rallying 6% on the positive news.
Shortages of semiconductors and chips have slowed production at Nio (NYSE: NIO). However, Tesla’s news shows that it hasn’t felt the same pinch.
This suggests that Tesla could deliver over 850,000 EVs in 2021.
Wedbush Securities responded by upgrading Tesla. Analyst Dan Ives increased the price target to $1,000. And he says the stock could even hit $1,300!
Analysts at Piper Sandler are even more bullish.
The firm thinks Tesla could deliver nearly 900,000 EVs in 2021. And they believe that the stock price will rise to $1,200.
These two Tesla bulls think the stock could jump 50%. That move could come after a 572% increase in Tesla shares in the last year.
Tesla is led by Elon Musk – one of the original members of the PayPal Mafia.
This group of innovators includes founders and early investors in Facebook, Airbnb, SpaceX, LinkedIn, Yelp, YouTube and dozens of other companies.
One of these Silicon Valley billionaires is jumping into a NEW EV stock.
It could be one of the fastest growing stocks in this booming sector. Just take a look at the sales projections:
- +$120 million in 2024
- +$700 million in 2025
- +$2 billion in 2026
And within the next decade the company expects sales could top $20 billion – making this bigger than Uber (NYSE: UBER).
Shares of this new EV company are preparing to IPO. And today, you could claim shares at the ground-floor price.
My price target suggests that this new EV stock . . .
Could jump 443% AFTER the IPO.
Yours in Wealth,