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It’s impossible to ignore the electric vehicle boom.
EV sales are up 63% in the first 6-months of the year. And the unstoppable growth trend is expected to continue.
Gas prices above $5 / gallon this summer added fuel to the EV boom. Plus, the U.S. government is now offering a $7,500 tax credit on certain electric vehicles.
Soaring demand is creating massive shortage of EV batteries – and the critical battery metals.
That’s why Tesla (NASDAQ: TSLA) inking deals to secure at least 95% of these battery metals right now.
You’ve heard that the price of EVs is soaring.
The average EV price recently hit $66,000 in the U.S. That’s a 13.7% increase in the last year.
Why is the price rising so rapidly?
The soaring cost of EV batteries is one top reason. Battery costs are rising in response to higher prices for critical metals – including lithium, graphite, and nickel. For example…
Lithium is considered the #1 battery metal. The price is up 307% in the last year.
Tesla’s Master Plan 3.0
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The big EV automakers like Tesla (NASDAQ: TSLA), General Motors (NYSE: GM) and Ford (NYSE: F) are forced to accept the higher cost. So, they simply raise their prices.
Yet the automakers aren’t the big winners…
Instead, the big profits are being earned by the tiny stocks that are supplying the EV automakers and battery manufacturers.
These companies are now able to charge 2x… 3x… even 5x more – due to the higher market price! And this is creating a profit windfall for these stocks.
It’s economics 101. There simply is too much demand for EV batteries. And there isn’t enough supply available. And that’s why prices are hitting all-time highs.
The big EV automakers are responding. They’re rushing to secure critical access to these metals by signing billion-dollar partnerships.
Ford even pre-paid $198 million to guarantee its supply of lithium for 6-years!
Tesla is of course one-step ahead of everyone else.
Tesla is the #1 EV automaker in America – selling 70% of EVs. However, Elon Musk has even bigger ambitions.
He also plans to turn Tesla into the world’s #1 battery company.
It’s all part of Elon Musk’s Master Plan 3.0 to transform Tesla.
So, what’s inside this CONFIDENTIAL plan?
Yours in Wealth,
Ian Wyatt