It’s the cheapest EV maker . . .
Trading at a huge discount to major players like Tesla Motors (NASDAQ: TSLA).
Go here for my urgent details on my #1 Pre IPO for the EV boom.
Shares of pure-play EV stocks are soaring in the last year:
- 325% gains in BYD
- 360% gains in Tesla Motors
- 966% gains in Nio
However, one electric vehicle maker appears to be much cheaper than the rest. That’s why I’ve been personally buying shares of this stock.
The company is Fisker (NYSE: FSR).
It is a new EV company founded in 2016 by Henrick Fisker. He was previously the designer of the BMW Z8 and the Aston Martin DB9.
Fisker’s first vehicle is called Ocean. The SUV will cost $37,000 – $70,000 and provide a range of 250 – 350 miles. Production will be completely outsourced to Magna International (NYSE: MGNA) and the first cars will be available in November 2022.
Fisker also announced a new partnership with Foxconn. The companies will collaborate to develop a new EV to launch in late 2023. Plans suggest production of 250,000 EVs per year.
Other EV makers including Tesla Motors and Lucid are producing their own vehicles. However, Fisker plans to outsource everything.
One new EV battery stock could become its No. 1 supplier. And you can grab shares today – BEFORE the IPO (click here).
Why Fisker is the Cheapest EV Maker
Fisker projects that sales could reach $13 billion per year by 2025.
That compares with a current market value of just $7.8 billion!
This means that Fisker is trading at 0.6x the company’s sales projection.Barron’s recently published this chart – comparing Fisker to other EV stocks.
It seems like Fisker should be valued similar to these other EV stocks.
Let’s say the company reaches a valuation of 2.5-times 2025 sales. Well, that would justify a total market value of over $32 billion.
That suggests 317% upside for the stock from this level.
My clients already had a shot to BUY Fisker Pre-IPO shares below $10. And the stock has already tripled in price.
Don’t miss out on my next top EV Pre-IPO.
One little-known EV battery stock just landed a major contract with the federal government. Plus, the company could become an exclusive supplier for Fisker.
Go here ASAP for urgent details on this Pre-IPO situation.
Yours in Wealth,
Full Disclosure: Ian Wyatt owns shares of Fisker (NYSE: FSR).