After blasting Tesla’s (NASDAQ: TSLA) EV efforts weeks ago…
Ford’s (NYSE: F) EV sales fell by 2.8% in Q2 from the first quarter.
Ford’s CEO Jim Farley dissed Tesla’s Cybertruck saying that it’s a “cool high-end product parked in front of a hotel” rather than “a truck for real people.”
The harsh words came right after Ford became the first automaker to adopt Tesla’s EV connector (known as NACS).
Meanwhile, Ford posted disappointing EV sales while Tesla has posted record sales.
Like most automakers…
Ford is doing EVERYTHING they can to catch up in the EV race.
They received a massive $9.2 billion loan from the Department of Energy’s (DOE) Loan Program Office to build three battery factories in the US and boost economic domestic production.
In fact, it’s the biggest loan the Loan Program Office has given in HISTORY.
But no matter what they do…
It’s never enough to dethrone Tesla as the undisputed king in the EV race.
The world of cars is moving to a NEW direction.
A direction that Ford was not able to see 10 years ago.
That’s when I first bought Tesla at $7.60 a share.
And at the time, automakers and news articles were quite negative on Tesla.
MarketWatch wrote “Why You Shouldn’t Invest in Tesla Stock” back in 2012.
Business Insider wrote “The Tesla Nightmare Shows Why Today’s All-Electric Cars Are Basically Dead on Arrival.”
But Elon Musk had the foresight that most didn’t have.
And it all started when he first published his first Master Plan in 2006…
Where managed to do almost everything he said he would do.
Ditto with Master Plan 2.
Elon Musk is leading a $10 TRILLION effort to eliminate fossil fuels and convert the world to sustainable energy.
To do so…
One of the things he aims to do is produce 20 million EVs per year.
This requires a lot of batteries.
Which is why Tesla is rushing to lock-up critical supplies of batteries – and inking raw-material deals with several little-known stocks.
As always, investors who act BEFORE these deals hit the news are the ones who have the chance of the biggest gains.
I’m talking about the opportunity to make 1,766% – which is enough to turn $5k into $88,300.