Will Electric Vehicle Companies Surpass Trillion-Dollar Tech Giants

LONDON, Nov. 25, 2020 /PRNewswire/ -- Hedge fund bulls say Tesla (TSLA) is on its way to a $2-trillion market cap after gaining 400% this year. It's already worth 5X the combined value of giants Ford and GM, and it's an industry disrupter that's making millionaires out of anyone who ties-in with them. And the auto industry disruption tie-ins are many, varied… and potentially lucrative.  Mentioned in today's commentary includes:  Tesla, Inc. (NASDAQ: TSLA), NIO Limited (NYSE: NIO), Blink Charging Co. (NASDAQ: BLNK), Fisker Inc. (NYSE: FSR), Exelon Corporation (NASDAQ: EXC).

From new EV startups and batteries or fuel cells, to ride-sharing with an ESG twist and car subscription companies that are challenging our ideas of ownership. The ideas are racking up, and the growth runway potentials are phenomenal.

EV startup NIO (NIO) has gained over 1500% this year. EV charging stock Blink (BLNK) has gained 1400% YTD. Now, mergers and consolidations are the name of this game as all the tie-ins fight for market share. EV startup Fisker (FSR) opted to go public, and acquired Spartan Energy (SPAQ).

Food delivery—another mobility tie-in—is in a state of all-out war for market share. Giant Uber is acquiring rival Postmates for $2.65 billion. Just Eat Takeaway is acquiring Grubhub for nearly $7 billion …And the innovative outlier hoping to steal the show is Canadian Facedrive (FD; FDVRF), the only ride-hailing and food delivery platform that has an ESG angle with carbon-offset operations.

The Biggest Change Yet Is Coming To Transportation

As a part of the clean energy transition, the world is racing to roll out the next era of transportation: electric vehicles. But there's yet another disruption happening in the industry.

Not only will conventional gas-powered vehicles in time be on the chopping block…the entire concept of owning a car may be on the verge of extinction sooner than you think. And Facedrive is among the first movers in this surprising new market.

It scooped up Steer, a subscription-based electric vehicle provider in September in a deal that included a $2-million strategic investment by energy giant Exelon's wholly-owned subsidiary, Exelorate Enterprises, LLC.

When you combine the $5 trillion global transportation industry with an energy industry whose renewables sector is quickly growing, you'll see a trend that is in its infancy. But make no mistake about it – it will be a trend that upends the entire automotive sector. This is where Facedrive's acquisition of Steer really comes into its own.

Steer is a new all-inclusive, monthly, risk-free car subscription service that is 100% electric, plug-in and hybrid. And it is predicting that transportation is ready for another round of evolution. The success of subscription based 'leasing' models is already well documented, and this simple concept could be at the core of the next major disruption in the auto industry.

We've already seen it with electric bikes and scooters. But this step could change everything. Imagine being able to have a clean, convenient, quality-controlled electric vehicle personally delivered to you whenever you needed it. Without the hassle of maintenance or insurance. And it's affordable.

Better yet, you aren't investing in something that immediately loses its value as soon as you drive it off the lot. It's one answer to the last remaining hurdle of full-on adoption of EVs. And unlike leasing a car—there's no mileage limit. And the growth runways are phenomenal when you consider that 70% of Steer members have never even driven an EV before. That means that these are new converts.

Anyone who couldn't afford to ride an EV before, can now, with Steer. But it's a diverse collection that allows users to drive pretty much any EV, hassle-free, including an Audi e-Tron or a Hyundai Kona, both new all-electric SUVs with ranges of over 250 miles.

Food: The $26B Shared Mobility Vertical

Facedrive (FD; FDVRF) was the first ride sharing company to see the "impact investing" writing on the wall. It saw where things would go wrong for Uber, which completely ignored sustainability.

It saw what would happen when studies showed that ride-hailing results in nearly 70% more pollution than whatever transportation it displaced. Then Facedrive launched an ESG coup: The were the first to offer customers an EV option, and then to plant trees to offset their carbon footprint. Then they applied that same "people and planet first" business model to a second vertical: Food delivery—the carbon-offset version. 

Facedrive's acquisition of Foodora from Deliver Hero positioned it near the top of Canada's food delivery hierarchy overnight. And Foodora's former owner Delivery Hero is the rare food delivery company not carrying around negative reputational baggage for bullying customers and restaurants at a time when they are struggling to make ends meet. They are international giants with services in 40 countries and a portfolio of over 500,000 restaurants. And Facedrive's new acquisition has hit the ground running …

The new Facedrive Foods app was launched a few weeks ago, and already it's processing 3,000 orders daily, with close to 4,000 restaurant partners and over 220,000 active users.

This Is Where Big Names Are Gathering

Exelon's (EXC) market cap is ~$41 billion and it's not the only huge market-cap company whose radar is pinging Facedrive: There's also a tie-in to eCommerce King Amazon. Both global e-commerce giant Amazon and Canadian Tier-1 telecoms giant Telus jumped in on Facedrive's corporate partnership program.  And that news flew right under the radar because it wasn't officially announced and was revealed only when Facedrive released its Q1 earnings report.

That means both giants will be Corporate partners of Facedrive meaning that their employees will receive preferred rates on Facedrive products and services. And they have.

In October, Air Canada became the next big name to jump on the Facedrive bandwagon. With the global tourism industry facing $1 trillion in losses and on track to shed 100 million jobs before the year is out, Air Canada has signed a deal with Facedrive (FD; FDVRF) to launch a pilot project for its employees using TraceSCAN, Facedrive's proprietary COVID contact-tracing technology and wearables. 

So, watch the news flow on that one, too as talks progress with more big airlines. The name of this game is ultimate impact. Facedrive is chasing Big Money earmarked for ESG-focused plays at a time when the world has just hit the trillion-dollar mark in ESG fund investments.

Big capital has tons of money to put into low-risk impact investing. But they can't find enough places to park it.

Facedrive (FD; FDVRF) has been ahead of the curve from day one. At this point, there's no stopping the march of EVs, and this is the company that brings it all together in a comprehensive ESG ecosystem. And with so many verticals, the news flow is hard to keep up with.

The Electric Vehicle Revolution Is Kicking Into High Gear

Tesla (TSLA) is now the most valuable car maker "of all time". Tesla is worth almost $495 billion, while the top three American automakers--GM, Ford and Chrysler--are worth around $129 billion combined. This year alone, Tesla has risen by 460%, and is showing no signs of slowing. Especially now that the company is set to be included in the S&P 500.

There's a reason Tesla has performed so well this year. Investors love Elon Musk's vision. As one of the world's most innovative car manufacturers, it has single-handedly made electric vehicles cool. Its slick design is beloved across the world. In fact, it's almost impossible to NOT see a Tesla in cities like Hong Kong or San Francisco.  

Tesla's success has also fueled a boom in other EV-related companies. Blink (BLNK), for example, an electric vehicle charging company, has risen by over 1400% since the beginning of the year, and the sky is the limit for this up-and-comer. A wave of new deals, including a collaboration with EnerSys and another with Envoy Technologies to deploy electric vehicles and charging stations adds further support. .

Michael D. Farkas, Founder, CEO and Executive Chairman of Blink noted, "This is an exciting collaboration with EnerSys because it combines the industry-leading technologies of our two companies to provide user-friendly, high powered, next-generation charging alternatives. We are continuously innovating our product offerings to provide more efficient and convenient charging options to the growing community of EV drivers."

NIO Limited (NIO) is another electric vehicle giant having an incredible year. Though many analysts and even the most experienced traders were ready to leave it for dead just a year ago, the Chinese Tesla rival shocked markets, blowing away Wall Street estimates, and most importantly, keeping its balance sheet in line. And thanks to its efforts, the company has seen its share price soar from $3.24 at the start of 2020 to a high of $54.39 earlier this week, representing a stunning 1578% return for investors who have held on strong. And it's just getting started.

Nio has made all the right moves over the past year to win over investors and turn heads on the streets and in the marketplace. On November 18th, NIO revealed a pair of sedans that even the biggest Tesla die-hard would struggle to pass up. 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.

Compared to Tesla or NIO, Fisker (FSR) is a relative newcomer to the scene, having only IPO'd in October. While it hasn't seen quite the attention other electric vehicle stocks have seen in recent weeks, it is an important company to watch. It's unique in the industry because it boasts the most sustainable vehicle on the road: It's not just electric… it's also is made with some recycled materials. That's a huge plus considering how much investors are focusing on sustainability these days.

Though Fisker has underperformed on the market compared to NIO, Tesla, Xpeng or Li, it's still trading on massive volume and in just one month, has already climbed by 50% since its IPO. Clearly, investors are still waiting to see how the company will hold up, especially following the Nikola disaster.

Though not strictly an automotive company, Exelon (EXC) has its fingers in a lot of pies. As one of the top electricity providers in the United States, Exelon is a specialist in the industry. And it's making big bets on sustainability.

From nuclear to hydro and solar, Exelon Generation is at the cutting-edge of renewable energy. Thanks to its large footprint across the energy industry and forward-thinking attitude, it's performed consistently on the stock market, climbing by 49% over the past 5 years. And though that might not seem like a massive return for many growth investors, it's provided strong dividends every step of the way.

By. Terry Goddard

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

Forward-Looking Statements

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements.  Forward looking statements in this publication include that the demand for ride sharing services will grow; that Steer can help completely change the way people view car ownership, that Steer can disrupt industry segments; that Tracescan  could help the tourism industry deal with COVID and will sign new agreements for use of its alert wearables; that new tech deals will be signed by Facedrive; that Facedrive will be able to expand to the US and globally; that Facedrive will be able to fund its capital requirements in the near term and long term; 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 from those projected in the forward-looking information.  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; TraceScan may not work as expected in commercial settings and customers may not acquire or use it; changing governmental laws and policies; the company's ability to obtain and retain necessary licensing in each geographical area in which it operates; the success of the company's expansion activities and whether markets justify additional expansion; the ability of the company to attract drivers who have electric vehicles and hybrid cars; the ability of Facedrive to attract providers of good and services for merchandise partnerships on terms acceptable to both parties, and on profitable terms for Facedrive; and that the products co-branded by Facedrive may not be as merchantable as expected. 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:

This communication is for entertainment purposes only. Never invest purely based on our communication. Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the featured company. Frequently companies profiled in our alerts experience a large increase in volume and share price during the course of investor awareness marketing, which often end as soon as the investor awareness marketing ceases. The information in our communications and on our website has not been independently verified and is not guaranteed to be correct.

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 is 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

 

Cision View original content:http://www.prnewswire.com/news-releases/will-electric-vehicle-companies-surpass-trillion-dollar-tech-giants-301180468.html

SOURCE Oilprice.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.