Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

The Hottest Electric Car Companies For 2021

FN Media Group Presents Oilprice.com Market Commentary


News provided by

Oilprice.com

07 Dec, 2020, 14:00 GMT

Share this article

Share toX

Share this article

Share toX

LONDON, Dec. 7, 2020 /PRNewswire/ -- Never before in the history of money-making has wealth accumulation happened as fast as it has with Elon Musk. Tesla (NASDAQ:TSLA) surged past even Warren Buffett's Berkshire Hathaway last Friday. Now, the rapid-fire EV giant is the 6th largest publicly traded company in the U.S. Its market capitalization is now a mind-blowing $555 billion. And its founder and CEO, Elon Musk, is now wealthier than Bill Gates.   Also mentioned in today's commentary includes:  Blink Charging (NASDAQ:BLNK), Fisker (NYSE:FSR), NIO Limited (NYSE:NIO), XPeng Motors (NYSE:XPEV).

Holding status as the second-richest person in the entire world, this year alone, Musk has added over $100 billion to his net worth, according to Forbes. Just when investors thought Tesla didn't have much upside left, November saw epic gains of yet another ~50%. An already massive stock has gained 600% year-to-date. And the good news keeps rolling in, with Tesla joining the S&P 500 starting on December 21st and a number of other fast-paced catalysts. 

It's boosting the entire EV industry, and every company with a tie-in to EV. So, imagine what the next Tesla could be. Or what getting in on the ground floor of an EV tie-in company could possibly produce …

Four Trends To Watch As The EV Boom Accelerates

#1 Charging Infrastructure

This is a "story stock". But so was Tesla, and so is every EV industry tie-in. It's been a lucrative story. Investors are piling into a story that details what our future is clearly going to look like. That's where all the money is made.  It's an "if you build it, they will come" narrative that's netting massive returns for investors. 

Blink Charging (NASDAQ:BLNK) is building an EV charging network. It's small, but it has explosive potential. The bigger the EV industry itself becomes, the better this stock looks. 

While the coming months may be volatile, we still think there's a lot of upside here, considering that Blink has so far deployed nearly 16,000 charging stations (based on Q3 reporting), about half of which are actually in the Blink Network. So while this is still early days, the EV tailwinds are carrying it far and fast, and while the build-out continues, a stock with over 1,000% gains is an acquisition power. It can expand, and it can buy competitors. 

#2 The Green Transportation Ecosystem

There probably isn't a better "story stock" than Facedrive (FD.V, FDVRF). And it's already built--with fast-track expansion going down month after month. And it's not a charging station. Or another EV. 

It's the tie-in of tie-ins because it's an entire ecosystem of tie-ins to the EV industry. It's the first ever carbon-offset ride-sharing platform, launched in Canada and intending to push hard into the United States and Europe.

It's carbon-offset food delivery … bringing EVs and food delivery, two explosive segments, under a single umbrella. It's the recent blockbuster acquisition of one of the most potentially disruptive companies in the auto industry to date: Washington, DC-based Steer, an EV subscription company that plans to revolutionize transportation. 

Steer is a seamless, state-of-the-art EV subscription platform that gives you your own virtual gallery of EVs. You choose what you want to drive and Steer's concierge service delivers it to your doorstep, every day, every month, or whenever you want. 

Driving--and "having" an EV ride--has never been easier. And this is exactly what promises to help push EVs over the mainstream dividing line. And so far, data shows that Steer's first customers were never even EV owners. That means the company not only stands to completely change the way we think about car ownership, but it also promises to convert more mainstream drivers into EV loyalists. This is how you'll probably drive a Tesla in the future. Or, an Audi e-Tron. 

In the meantime, this acquisition has given Facedrive (FD.V, FDVRF). some powerful backing. Steer was backed by $40-billion market cap energy giant Exelon, and the deal with Facedrive including a $2-million strategic investment by Exelon's wholly-owned subsidiary, Exelorate Enterprises, LLC.

The news flow has been absolutely stunning, …and combined with the tailwinds of the EV industry, we expect big things for this story.

#3 The American EV Giants

Tesla (NASDAQ:TSLA) is the de-facto king of the electric vehicle market. And it's easy to see why. Armed with slick cars, game-changing technology and an out of this world CEO, Tesla has a lot going for it.

Tesla is now the most valuable car maker "of all time". It is now worth almost $538 billion while the top three American automakers--GM, Ford and Chrysler--are worth around $70 billion.

Billionaire Elon Musk had his eye on this trend far before the hype started building. He released the first Tesla Roadster back in 2008, making electric vehicles cool when people were still snubbing their noses at the first-generation EVs. Since then, Tesla's stock has skyrocketed by over 14,000%. But while Tesla's EV threat to the industry is clear, the competition is heating up in China.

Fisker (NYSE:FSR) is a speculative play. It won't start producing its EV SUVs until 2023. But again, it's a story stock that looks a lot like Tesla did in the early days. Fisker stock has gained almost 60% in a month. 

Citigroup analyst Italy Michaeli just picked up coverage of Fisker, with a "Buy" rating and a price target of $26. Michaeli gets the narrative here, reminding investors that "as a pre-revenue company, Fisker is clearly a higher-risk investment proposition", but there's a big reason to be bullish. Fisker has four long-term advantages here: It's making an SUV, which Michaeli says is a good segment to target. It's got a strong brand. It's got a legacy behind the wheel: Henrik Fisker is Fisker's founder and he's a legend in automotive design. And it's a massive saver of capital because it has an innovative "asset light" approach, getting Magna International to assemble its first vehicle. It's already got 9,000 advance orders … prepaid.

And when it does come out with its first Ocean SUV, it will be at a $40,000 price point and a super flexible lease set-up that could be incredibly disruptive … 

#4 Chinese Carmakers Join The Competition

NIO Limited (NYSE:NIO) has had an incredible year, taking the market by storm. Just a year ago, no one could have imagined how successful the company was going to be. In fact, many analysts were ready to leave it for dead. But the Chinese Tesla rival powered on, blew away estimates, and most importantly, kept its balance sheet in line. And it's paid off. In a big way. The company has seen its share price soar from $3.24 at the start of 2020 to a high of $50 earlier this week, representing a massive 1443% returns for investors who had faith. 

Recently, NIO revealed a pair of sedans that would make even the biggest Tesla devotees turn their heads. The vehicles, meant to compete with Tesla's Model 3, could be just what the company needs to pull back control of its local market from Elon Musk's electric vehicle giant.

While NIO's sales struggled earlier this year, they quickly rebounded in the second quarter and have maintained an upward trajectory ever since. By its Q4 report in October, NIO announced that its sales had more-than doubled, projecting even greater sales in the months to come. The EV darling has come a long way from its rumored potential bankruptcy in 2019, and if this year shows investors anything, it's that its CEO William Li is has big ambitions and enough drive and skill to see them through

XPeng Motors (NYSE:XPEV) has had a terrific time as a newcomer in the market. Though it only recently IPO'd, it's been on a tear. Though the Chinese electric vehicle giant is riding on the coattails of Tesla and NIO, it has carved out its own demand, especially among Robinhood traders looking for the next big score. Since its NYSE debut in August, the ambitious electric vehicle company has risen by more than 157% thanks to its promising financials and growing demand for its stylish vehicles.

While it's definitely a favorite among retail investors, Xpeng has also received a ton of interest from Big Money. Earlier this year the company raised over $500 million from the likes of Aspex, Coatue, Hillhouse Capital and Sequoia Capital China, and even more recently, secured another $400 million from heavy hitters such as Alibaba, Qatar Investment Authority and Abu Dhabi's sovereign wealth fund Mubadala.

As the demand for electric vehicles continues to grow, newcomers like Xpeng provide an excellent opportunity for investors to jump on this undeniable trend even if the missed out on Tesla's meteoric rise to glory.

By. Olu Fashola

**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**

Forward-Looking Statements

Forward looking statements in this publication include that Facedrive will be able to expand to the US and Europe; that transport in an EV will become much more popular and that Facedrive will be able to carry out its business plans. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially.  Risks that could change or prevent these statements from coming to fruition include that riders are not as attracted to EV rides as expected; that competitors may offer better or cheaper alternatives to the Facedrive businesses; Facedrive's ability to obtain and retain necessary licensing in each geographical area in which it operates; and whether markets justify additional expansion. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

DISCLAIMERS

This communication is not a recommendation to buy or sell securities. Oilprice.com, Advanced Media Solutions Ltd, and their owners, managers, employees, and assigns (collectively "the Company") owns a considerable number of shares of FaceDrive (FD.V) for investment, however the views reflected herein do not represent Facedrive nor has Facedrive authored or sponsored this article. This share position in FD.V is a major conflict with our ability to be unbiased, more specifically:

SHARE OWNERSHIP. The owner of Oilprice.com owns a substantial number of shares of this featured company and therefore has a substantial incentive to see the featured company's stock perform well. The owner of Oilprice.com will not notify the market when it decides to buy more or sell shares of this issuer in the market. The owner of Oilprice.com will be buying and selling shares of this issuer for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities.

NOT AN INVESTMENT ADVISOR. The Company and the writer are not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.

RISK OF INVESTING. Investing is inherently risky. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities. No representation is being made that any stock acquisition will or is likely to achieve profits.

DISCLAIMER:  OilPrice.com is Source of all content listed above.  FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with OilPrice.com or any company mentioned herein.  The commentary, views and opinions expressed in this release by OilPrice.com are solely those of OilPrice.com and are not shared by and do not reflect in any manner the views or opinions of FNM.  FNM is not liable for any investment decisions by its readers or subscribers.  FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM was not compensated by any public company mentioned herein to disseminate this press release.

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Contact Information:
Media Contact e-mail:  editor@financialnewsmedia.com  U.S. Phone: +1(954)345-0611

Modal title

Also from this source

From Bullets to Batteries: Antimony's Role in National Security

China's dominance in Rare Earth metals is hard to ignore, But for one lesser-known metal that fuels the U.S. defense sector, China's grip is so tight ...

This Little-Known Metal Overtook Gold And Silver in 2024

A little-known metal called antimony rallied 300% this year, overtaking gold, silver, and even Bitcoin. And there is something that the algorithm...

More Releases From This Source

Explore

Alternative Energies

Alternative Energies

Computer & Electronics

Computer & Electronics

Consumer Electronics

Consumer Electronics

Transportation, Trucking & Railroad

Transportation, Trucking & Railroad

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.