Detroit automakers are playing catchup with electric vehicles. That’s why General Motors (NYSE: GM) is investing $2 billion in a new electric vehicle startup.
Frankly, shares could surge 839% AFTER this stock goes public. And I’m expecting the deal to close within 90 days (click here – before you miss out).
General Motors is forming a partnership with Nikola (NASDAQ: NKLA).
The deal means that General Motors will engineer and build Nikola’s Badger pickup truck.
According to the terms, GM will provide $2 billion of services to Nikola. In exchange, GM will earn an 11% equity stake in the company.
The unexpected deal paves the way for Nikola to actually begin producing trucks within two years.
Nikola expects to achieve over $5 billion of cost savings. That’s because the company won’t have to build out its own expensive manufacturing facilities.
The partnership validates Nikola’s business plans for a fuel-cell-powered pickup truck.
The news sent GM shares rallying nearly 8% on the news. And Nikola stock jumped nearly 41%.
Shares of Nikola have been surging in 2020 – zooming from $10 to $34.
The market for electric vehicles is booming.
Meanwhile, shares of Tesla Motors (NASDAQ: TSLA) have soared.. The stock has gone from $86 to $373 per share since Jan. 2.
That’s a 334% gain – taking the company’s market value to $347 billion.
Strong performance for EV stocks is encouraging these NEW private companies to go public.
One new private EV company is quietly preparing to go public.
The company plans to produce over 1 million electric crossover SUVs – competing directly with Tesla Motors. And the price point will be less than $40,000.
Right now, the company is PRIVATE.
Yet you can secure Pre-IPO shares today. And my projections suggest that this new EV stock could surge 839% within the next 90 days.
It’s the latest and greatest Pre-IPO deal in the pipeline.
Go here ASAP for urgent details (and claim your shares).
Yours in Wealth,