Tesla Motors shares fell 13% . . . after the world’s #1 electric car maker reported dismal earnings.
But another tiny $5 stock could put Elon Musk out of business – and hand investors 2,100% profits.
Tesla Motors (NASDAQ: TSLA) reported revenues that fell short of expectations – coming in at $6.3 billion.
Even worse, the company reported a loss of $1.12 per share versus expectations of $0.40.
The market for electric cars remains strong. Tesla’s sales grew 59% during the quarter.
Tesla expects to produce 360,000 – 400,000 vehicles in 2019. And the company plans to turn a profit in the third quarter of this year.
2019 is the year when Tesla went mainstream – rolling out the Model 3. With an average price of $50,000, the car is a more mainstream product than the Model S.
Tesla is facing increased competition from nearly every single automaker.
Electric cars are the fastest-growing segment of the automotive market. And every car maker has been investing billions to compete with Tesla.
While Tesla Motors was an early mover . . .
The company is now facing stiff competition. That’s affecting the company’s margins – and making it difficult to turn a profit as sales grow.
That’s why I’m preparing to SELL my Tesla Motors shares – after earning 560% profits.
Even though I’m SELLING Tesla Motors shares, I remain bullish on the electric car market.
That’s why I’m loading up on this tiny electric vehicle stock that you can BUY today for less than $5 per share.
In many ways, this stock reminds me of Tesla back in 2013 when the stock traded around $30.
This company is experiencing explosive growth . . .
With sales expected to surge 1,233% in the next year!
It’s this type of stock that can multiply your wealth – even when the stock market is treading water.
That’s why I’m SELLING Tesla . . .
And BUYING this new EV stock right now.
Go here for urgent details (especially if you own Tesla Motors shares).
Yours in Profits,