Tesla Inc. (Nasdaq: TSLA) has been on an incredible run this past month.
The electric vehicle (EV) maker has soared over 50% since October 4.
The automaker is now worth over $1 trillion.
It’s valued higher than every other car company on the planet combined.
If you bought TSLA stock, then congratulations on your huge gains!
But if you don’t own it yet, TSLA is starting to look awfully pricey.
Fortunately, there’s an EV company you’ll be able to buy soon at a bargain…
An EV Startup With a Proven Track Record
You may have seen commercials for a Swedish EV startup called Polestar.
Volvo and Chinese company Geely own the automaker.
Its Polestar 1 luxury car came out in 2019.
And its Polestar 2 sedan launched in 2020.
Polestar’s EVs look great. But we’ve had our share of overhyped EV startups in the past.
For example, Lordstown Motors and Workhorse are under investigation by the SEC.
And the founder of Nikola faces three charges of criminal fraud.
But Polestar has a “proven track record,” says CEO Thomas Ingenlath.
“We actually deliver cars. We have 29,000 deliveries this year,” he noted.
Polestar has a leg up on its competition because it uses Volvo’s Chinese factories.
That means it didn’t have to start from scratch like other EV makers.
Polestar Looks Like a Bargain
Rival EV startups are grabbing headlines — and huge market valuations.
But they aren’t making nearly as many EVs as Polestar.
For example, I wrote about Rivian in September.
Wall Street is valuing the EV startup at up to $80 billion. But it only plans to deliver about 1,000 EVs this year.
And Lucid Motors has a $58 billion market cap. But it’s only building about 500 cars this year.
These are puny production numbers compared to Polestar.
Yet Polestar plans to go public next year with a valuation of only $20 billion.
You can compare these EV companies, as well as Tesla, in the chart below.
These numbers make Polestar look like a bargain.
What’s Next for Polestar
Polestar has big plans for 2022 and beyond.
Its Polestar 3 SUV starts production next year.
It will be the first Polestar vehicle built in the U.S.
Polestar will then launch its cheaper Polestar 4 SUV in 2023.
Finally, it plans to debut its Polestar 5 luxury sedan in 2024.
The company expects to sell 290,000 EVs in 2025.
That’s 10X growth from its 2021 sales!
This uptick in market share should make Polestar profitable as soon as 2024.
And the company expects its profits to reach $1.6 billion in 2025.
That’s awesome growth considering Polestar only started making EVs a few years ago.
By comparison, it took Tesla 17 years to start being profitable.
There’s a Better Way to Go Public
In the past, initial public offerings (IPOs) were how companies went public.
The thing is, IPOs are great for Wall Street insiders but not for the company going public.
They also screw over individual investors, who get in late at a much higher price.
Fortunately, Polestar won’t do an IPO when it debuts on the stock market next year.
That’s because there’s a better way for the hottest startups to go public.
It’s a type of investment that offers attractive pricing to individual investors.
That way, they can get into the stock before Wall Street insiders send it soaring.
And on November 9, Ian King will tell you everything you need to know about these investments.
He’ll also explain why “profit trigger events” are a huge deal.
You can sign up for Ian’s webinar now by clicking this link here.
Assistant Managing Editor, Banyan Hill Publishing
From open till noon Eastern time.
Cassava Sciences Inc. (Nasdaq: SAVA) is a clinical-stage biotechnology company that develops drugs for neurodegenerative diseases. The stock has been volatile for the past couple months on concerns that the company manipulated the trial data for its Alzheimer’s drug. The stock shot up 42% this morning after The Journal of Neuroscience stated that there was no evidence of manipulation in the data submitted.
Maxar Technologies Inc. (NYSE: MAXR) provides earth intelligence and space infrastructure solutions around the globe. It is up 20% today after reporting earnings for Q3. Although the financial results were mixed, the company showed that it has been making great progress toward a key imaging satellite project set to launch next year.
Houghton Mifflin Harcourt Co. (Nasdaq: HMHC), a learning and education technology company, is up 18% after it reported earnings for Q3. There was strong demand for the company’s various products and solutions in Q3, and the company even raised guidance for the next quarter.
Instadose Pharma Corp. (OTC: INSD) does not have significant operations. Instead it intends to focus on acquiring and growing pharmaceutical-grade agriculture products. It is up 17% after agreeing to a joint venture with an Indian company to grow, process, export and sell medicinal cannabis and cannabinoid oil to European markets.
Opendoor Technologies Inc. (Nasdaq: OPEN) operates a digital platform for residential real estate. It is up 17% since it no longer faces competition from Zillow after its recent exit from the iBuying space.
Nikola Corp. (Nasdaq: NKLA), the electric vehicle manufacturer, is up 16% after reporting Q3 earnings. Along with an earnings beat, it announced a potential resolution of its SEC-related troubles and stated that it would begin deliveries of its battery electric trucks by the end of the year.
Workiva Inc. (NYSE: WK) provides cloud-based compliance and regulatory reporting solutions worldwide. It is up 15% after reporting strong results for Q3 that were driven by increased demand for financial and ESG reporting solutions.
Etsy Inc. (Nasdaq: ETSY), the e-commerce company, is up 14% after reporting earnings for Q3. The company beat both top- and bottom-line estimates as its sales continue to grow even after the huge boom during the pandemic.
Q2 Holdings Inc. (NYSE: QTWO) provides cloud-based digital banking solutions to regional and community financial institutions. It is up 13% after reporting strong earnings that were driven by more banks and financial institutions deciding to transform the digital side of their businesses.
Qualcomm Inc. (Nasdaq: QCOM), the chipmaker, is up 13% after reporting a Q3 earnings beat thanks to high demand in mobile phone chips and a resilient business that was not too hurt by the semiconductor shortage.