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Dear Fellow Investor,
Electric vehicle sales are accelerating again.Â
In California, about 24% of all new cars sold were electric in the first quarter, according to the California Energy Commission. The state recently approved about $1.9 billion to build 40,000 new public EV chargers to help fuel adoption.Â
As for the rest of the country, âSix of the 10 biggest EV makers in the US saw sales grow at a scorching pace compared to a year ago,â says Bloomberg. Even better, âFor the rest of 2024, GM appears to be on the brink of becoming the biggest driver of EV growth in the US. The Detroit automaker has committed to electrifying some of its biggest brands, which are finally reaching production after years of delays.â
Stansberry Research
"This Could be Worth Even More than A.I."
Whitney Tilson's nailed many of the most famous stocks of the last 25 years â including Netflix, Amazon, and Apple. Now he's pounding the table on a new technology rolling out across America, which early estimates say could create more wealth than A.I., the personal computer, and the smartphone combined.
Click here to see how it could become the No. 1 investment of the next decade.
The International Energy Agency also expects US deliveries to top 2.5 million by 2025 from about 1.1 million in 2024. In short, demand is on the run.
Company: Tesla (SYM: TSLA)
That being said, investors may want to strongly consider EV stocks, like Tesla (SYM: TSLA).
Granted, the company has its issues, but according to Wedbush, the $56 billion Elon Musk compensation removes a $20 to $25 overhang on the TSLA stock. Thatâs because the award now dispels fears Musk will focus on other projects outside of Tesla, including a generative artificial intelligence project. With this, Wedbush has a $275 price target on TSLA shares.
Plus, Tesla market dominance is only expected to become stronger.
InvestorPlace
This New Idea is Set to Shock the World
PayPal was not a popular idea at first.
In the late 1990s, when most people were still mailing checks, Elon Musk's idea of making payments over the internet was unimaginable.
Now, though, PayPal is a promising contender in the ever-competitive AI boom.
It seems that everything Musk has done throughout his career sounded insane at firstâ¦
Which is why it's important that you pay attention to his latest, strange invention.
It's an AI device that could be the most powerful technology ever created.
This new idea is set to shock the world once again â go here to learn all the details.
