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2 electric vehicle stocks endorsed by Wall Street’s “mad scientist”
There’s this guy on Wall Street … Source: Shutterstock His name is Adam Jonas. He is Morgan Stanley’s head of global automotive and shared mobility research. He’s a wickedly intelligent guy, who thinks a lot about the future and has such a good record of prescient calls that he calls him “Mad Scientist” on Wall Street. InvestorPlace – Stock Market News, Stock Advice and Trading Tips An example: 2011, he told everyone that EVs would take over the world and flaunt Tesla’s shares as a strong buy. Tesla stock price at the time? $ 5 – has increased by about 170,000% since then. Another example: at the end of 2019, Jonas said that the Space Economy was on the verge of overgrowth and Virgin Galactic was a strong buy. The price of Virgin Galactic’s stock at the time? About $ 7 – it has risen more than 750% since then. You got it. When Jonas speaks, you should listen, especially if he is saying something about a stock to buy in the transportation market. Last Friday, Jonas did just that. He came and said that there are two purchases screaming now in the EV market. Their names? Fisker (FSR) and QuantumScape (QS). Specifically, Jonas called the EV maker Fisker his “sleeping choice” in the EV category, believing the company “stands out [with] one of the most risk-free and strategically supported business models ”in the EV space. Jonas thinks the stock goes to $ 27. At the same time, he said that game-changing technology from solid state battery maker QuantumScape positions it well for successful partnerships with US EV players – like Ford and Apple. – while seeking to secure a domestic supply of battery technology. He thinks this action goes to $ 70. For the record, I couldn’t agree more. Fisker was founded by Henrik Fisker, a legend of unparalleled reputation in the luxury car market who was the design brain behind the Aston Martin DB9, Aston Martin Vantage, BMW Z8 and BMW X5. It should come as no surprise, then, that Fisker attracted a world-class design team that created one of the most elegant EVs of all time – the Ocean SUV. In addition – thanks to the company’s direct-to-consumer business model, which Jonas mentions above – Fisker will be selling this Ocean SUV for just $ 37,500 … which is an absolute steal from the price of a luxury e-SUV. Model X – its closest rival today – costs more than $ 80,000. When this car comes out, I hope it will be a big hit with consumers. The huge success of the Ocean SUV will be the launching pad for Fisker to launch itself into the EV spotlight and eventually become one of the most prominent brands in this space. And at this very moment, Fisker’s shares have an enormous potential for appreciation. Meanwhile, QuantumScape is paving the way for a new generation of potentially revolutionary solid-state batteries for electric vehicles. Summing up the long history here is that today’s batteries are built with liquid battery chemistry and, as such, can only be made to be so dense. We are reaching that peak energy density today. To unlock a new generation of batteries that last longer and recharge faster, we need to fundamentally change the chemistry behind these batteries and turn the liquid electrolyte solution into a solid one. QuantumScape is doing this. But most importantly, QuantumScape is light years ahead of everyone when it comes to making solid-state batteries. The company attracted a high-level engineering team, full of talent from Stanford and UC Berkeley. This talented team created an economical way to make solid, high-performance batteries. And these solid batteries are already proving to be solutions significantly superior to liquid batteries. That’s why Dr. Stan Whittingham, co-inventor of the 2019 Nobel Prize Chemistry lithium-ion battery, said: “If QuantumScape can put this technology into mass production, it will have the potential to transform the industry”. Therefore, QuantumScape’s shares have enormous potential for long-term appreciation. Overview: Jonas is a smart guy. He is one of the most respected analysts on Wall Street. He said to buy shares of Fisker and shares of QuantumScape. I agree. And more than that, I think these are investments that are worth keeping for potentially multi-bagger gains in the coming years … PS Speaking of multi-bagger gains, I like to say that where there is interruption, there is opportunity. And there is a great opportunity happening right before our eyes. Remember how Jeff Bezos observed the state of the retail market and created Amazon.com in response? Yes, this opportunity is huge. As you know, I don’t make stock choices on a whim. I spend countless hours analyzing them, creating models and measuring their long-term potential. That’s how I became America’s No. 1 stock picker, according to TipRanks. So believe me when I say that there is an action that could very well become “the next Amazon”. And this Tuesday I will reveal your sector, name and stock symbol … for free. Watch the video below to learn more about this opportunity for hypergrowth and book your place here! As of the date of publication, Luke Lango did not (directly or indirectly) hold any positions in the securities mentioned in this article. Upon discovering your first investments in the hypergrowth industries, Luke Lango puts you on the ground floor of world-changing megatrends. That’s how your 10X Daily Report averaged a ridiculous 100% return on all recommendations since its launch last May. Click here to see how it does. More from Hypergrowth Investing in FuboTV’s stock is reaching $ 200. Buy before it becomes parabolic The best stocks to buy on the market today, according to Jeff Bezos 7 explosive cryptocurrencies to buy after Bitcoin Halvening 15 EV stocks to buy when GM becomes fully electric After 2 shares of electric vehicles endorsed by Wall Streetâ ?? s â ?? Mad Scientistâ ???? first appeared on InvestorPlace.