This EV Stock Is Up 64% While Tesla Is Down 30%

Given up for dead a few years ago, one automaker is betting the farm on the electric vehicle (EV) revolution.

It has performed better than the market leader, Tesla (Nasdaq: TSLA), so far this year. Tesla is down about 30% since January while this up-and-coming EV play is up 64%!

Which company could this be?

Well, it has actually been around for more than 100 years and is considered the company that revolutionized the automobile production industry.

That’s right – none other than Ford Motor Company (NYSE: F)!

This isn’t the first time I’ve recommended Ford either. You’ve seen me write about it here.

The thesis is really simple, and if it works, Ford is going to be much higher in the years ahead.

Ford is now focused on EVs.

Not convinced? Just look at what the company announced the other day:

Ford is accelerating investments and increasing planned total spending on electrification, including battery development, to more than $30B by 2025, while deriving efficiencies from Ford’s flexible EV architecture and modular technologies. The company anticipates 40% of Ford’s global vehicle volume to be fully electric by 2030, including from: Mustang Mach-E, 70% of buyers, to date. The F-150 Lightning has amassed 70,000 customer reservations since it was unveiled one week ago, and E-Transit commercial vans, which will be on the road later this year. Ford is investing in battery technology and equipping Ford to design, engineer and manufacture its own batteries, with key developments including: creating Ford Ion Park, a center comprising more than 150 experts in battery chemistries, testing, manufacturing and value-chain management, vertically integrating battery technology with an extensive range of EV batteries and long-range, low-cost solid-state batteries from Solid Power, in which the company holds an equity stake, and forming a joint venture, BlueOvalSK, with SK Innovation to manufacture battery cells and arrays at two plants in the U.S. for future Ford and Lincoln vehicles.

And Ford’s stock is reacting. It set new 52-week highs yesterday. War Room members have been trading Ford on this ride up. If the EV sector takes off, so will Ford!

Look at what these War Room members said just today…

Maryna said, “My LEAP F20JAN23 12C currently is 95% up in less than a month!! Thanks Karim!”

And David D. said, “Rolled F Mar2020 $15 calls to $17 calls for 0.70 net credit. Thanks again Karim for the F suggestion way back when it was a $9 stock or so. The gift that keeps on giving.”

Action Plan: I issued a new way to play Ford in The War Room yesterday, and the play could be in range again any day now. Isn’t it time you joined me and took advantage of the best real-time investing experience?

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