Breaking News
Ad-Free Version. Upgrade your experience. Save up to 40% More details

EV Trucks: Will They Fly?

By Zacks Investment ResearchStock MarketsJul 28, 2021 04:17AM ET
EV Trucks: Will They Fly?
By Zacks Investment Research   |  Jul 28, 2021 04:17AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items

  • (1:00) - How Disruptive are Electric Vehicles?
  • (8:45) - Can the Ford F-150 Lighting Outsell the Tesla (NASDAQ:TSLA) Cybertruck?
  • (20:00) - Who Will Be The Top EV Truck Competitors?
  • (31:10) - Ford’s Advantage In Europe and CaaS
  • (39:50) - Dave Bartosiak on the Slow-Motion EV Revolution
  • Mind Over Money Archive

Welcome back to Mind Over Money. I'm Kevin Cook, your field guide and story teller for the fascinating arena of behavioral economics.

I recently did a presentation for Zacks Ultimate members where I explained why I think Elon Musk will go down in history as (almost) single-handedly disrupting auto and energy markets. I say "almost" because he, of course, did not do this without an army of talented auto and battery engineers and software developers.

And that is another credit to the maverick that NASA calls a partner in some of the top tiers of technology -- Musk knows how to recruit and unleash the world's top engineering talent.

My conviction that he should get lots of credit is backed-up by the large investors who have owned Tesla TSLA stock for several years and continue to own it with high conviction despite it more than quadrupling in value in the past year. In fact, they only sell TSLA shares when their positions, stuffed with outsized profits, become too large a concentration in their funds.

Investors like Ron Baron, who believes traditional automakers are trapped in the ICE (NYSE:ICE) (internal combustion engine) world, Baillie Gifford, the $250 billion Scottish long-term asset manager, and Cathie Wood's ARK Invest which recently bumped their 5-year price target on TSLA shares from $1,400 to $3,000.

Tesla is the top holding in both the flagship ARK Innovation ETF and the ARK Autonomous Technology & Robotics ETF ARKQ. In the podcast, I explain why Wood's long-term price target is so extreme -- and it has nothing to do with sleek, ludicrously fast sports cars.

Remember The Thing?

To be sure, the crazy genius of Elon definitely leaves investors scratching their heads sometimes. Like when he makes erratic tweets about his cars, his factories, or his bitcoin holdings. Don't get me started on the phony-crypto Dogecoin soap opera.

And for my taste, I thought the Cybertruck was a strange distraction from his core business. How big could the market be for that thing? Indeed, it reminded me of the Volkswagen (DE:VOWG_p) Thing from the 1970s.

So if you hear me slip and call it the Cyberthingy, you'll know what I mean.

And there's a new cyber threat in town. Yes, I'm talking about the Ford F F-150 Lightning.

I did my Cook's Kitchen video and article last week on this new beauty and the piece was titled...

The F-150 Lightning Will Crush the Tesla Cybertruck

Why would I say something so bold?

For starters, I don't know that much about the features and specs of the Cyberthingy. But I know enough about those of the F-150 Lightning to imagine trade contractors and mobile entrepreneurs eagerly adopting its sleek power tools and turning heads across America.

To break down those attributes and where they might succeed or flop in an EV truck market with growing competition, I invited my favorite car guy on the program, Dave Bartosiak. You can find him @Bartosiastics on Twitter.

Dave runs the Blockchain Innovators portfolio at Zacks where he gets to have a blast picking dynamic companies that will benefit from emerging disruption in digital finance, cryptocurrencies, and cloud security. He's had his followers in Advanced Micro Devices (NASDAQ:AMD) AMD since July of 2018 where they are enjoying over 450% open gains.

In the podcast, Dave and I talk about new EV truck entrants like the Amazon-sponsored Rivian and the General Motors GM Hummer EV, which he recently put a deposit on.

Dave also explains why the lift-off in sales for all of these new EV trucks is going to take some time, beyond the semiconductor shortage. Part of his thesis revolves around what the EU is doing with regulations and incentives for battery powered mobility.

The Ford Edsel of Innovation?

I also get to elaborate on my thesis about how the F-150 Lightning "crushes" the Cybertruck. And I was even more encouraged after listening to Dave because Ford CEO Jim Farley has extensive experience selling cars in Europe, as well as dealing with regulators.

When asked to define "crushes" I throw out some conservative numbers like 5 times the sales and 3 times the profits. My guesstimates could be complete flops, especially if the Cyberthingy is not one, but since I believe this new vehicle class from Ford is a game-winner, I expect it will surprise a lot of car market experts too.

And the Cybertruck might go down in history for some lesser things than its vain creator. Remember the late 1950s vanity project of Henry Ford's son Edsel?

Get more details in the podcast and in my recent video and article The F-150 Lightning Will Crush the Tesla Cybertruck.

Disclosure: I own shares of AMD and Ford for the Zacks TAZR Trader portfolio.

Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer (NYSE:SAM) Company which shot up +143.0% in a little more than 9 months and Nvidia (NASDAQ:NVDA) which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Ford Motor Company (NYSE:F): Free Stock Analysis Report

Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report

General Motors Company (NYSE:GM): Free Stock Analysis Report

Tesla, Inc. (TSLA): Free Stock Analysis Report

ARK Autonomous Technology & Robotics ETF (ARKQ): ETF Research Reports

To read this article on click here.

Zacks Investment Research
EV Trucks: Will They Fly?

Related Articles

EV Trucks: Will They Fly?

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email