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Tesla’s New Electric Hypercar Can’t Keep Up

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Last month, Tesla CEO Elon Musk showed off his latest creation: the ultrafast Model S Plaid.

Musk raced around a track outside Tesla’s factory in Fremont, California, demonstrating the vehicle’s upgraded 1,020-horsepower engine.

With a top speed of 200 mph and a 0-to-60 time of 1.99 seconds, Musk claims the electric vehicle “is quicker than any sports car.”

“It really feels like you’re driving in the future,” he said.

But Tesla has competition: There’s an electric hypercar that’s even faster than the Model S Plaid.

And it’s made by a company you’ve probably never heard of.

The World’s Most Powerful Hypercar

Croatian car company Rimac Automobili was founded in 2009 by entrepreneur Mate Rimac.

The automaker set out to create the world’s most powerful hypercar, which resulted in its latest model: the Nevera.

The high-tech electric sports car features four motors, producing an incredible 1,914 horsepower. (Tesla’s Model S Plaid only has three motors.)

This extra power lets it reach speeds up to 258 mph, with 0-to-60 acceleration in 1.85 seconds.

The only area where the Model S performs better is range. It can go up to 390 miles on a single charge, while the Nevera only has a range of 340 miles.

To help drivers navigate tracks at such high speeds, the Nevera features a driver-assistance system equipped with 13 cameras, 6 radars, a lidar and 12 ultrasonic sensors.

Its intelligent “driving coach” software analyzes this visual data and provides cues when to optimally brake, turn or speed up.

The Nevera truly is the most powerful hypercar in the world. But this state-of-the-art technology doesn’t come cheap.

Rimac announced that the Nevera will cost a whopping $2.4 million, and it only plans to make 150 of them. So, you probably won’t be able to get your hands on one anytime soon.

Tesla’s Model S Plaid, meanwhile, only costs $130,000. And Elon Musk said Tesla is ramping up to produce 1,000 units per week.

Join the $1.8 Trillion Transportation Revolution

The Nevera is way too expensive for most people. But high-tech electric vehicles (EVs) will get much cheaper over time.

We saw it happen with personal computers. Hewlett-Packard’s HP 3000 PC cost $95,000 in 1972. Adjusted for inflation, that’s over half a million dollars today.

As the technology gets better and less expensive, EVs will transform the transportation industry in the same way affordable PCs reshaped the economy.

The tipping point might not be far away. So, you want to grab shares of EV companies now before Wall Street and the rest of the investing world rushes in to buy them.

And Ian King has pinpointed one leader in this market that should grow its revenue over 6X in the next three years.

That means more money for the company — and in investors’ pockets.

You can learn more about the $1.8 trillion transportation revolution by clicking here.

Regards,

Jay Goldberg

Assistant Managing Editor, Banyan Hill Publishing

 

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Nikola Corp. (Nasdaq: NKLA), the electric semitruck maker, is up 18% this morning. The move is being driven by excitement from a tweet by the company, showing that it had made its first customer delivery.

 

Lyell Immunopharma Inc. (Nasdaq: LYEL) researches and develops T-cell therapies for patients with solid tumors. It is up 13% after announcing investigational new drug clearance from the FDA for a CAR T-cell reprogramming therapy for solid tumors.

 

Bright Health Group Inc. (NYSE: BHG) is an integrated care delivery company that engages in the delivery and financing of health insurance plans. It is up 12% on a bounce-back after falling recently on an downgrade from Morgan Stanley.

 

Scientific Games Corp. (Nasdaq: SGMS) develops technology-based products and services for the gaming, lottery, social and digital gaming industries. It is up 11% after it withdrew its offer to buy the remaining 19% interest in SciPlay that it doesn’t already own.

 

Xometry Inc. (Nasdaq: XMTR) operates an on-demand industrial parts marketplace. It is up 10% after acquiring Thomas, a product sourcing and e-commerce platform for $300 million, to help rapidly expand its buyer and seller base.

 

Akbank T.A.S. (OTC: AKBTY) is a Turkish bank that is up 9% today. The stock is up along with other Turkish stocks after the Turkish government unveiled a new financial instrument that would incentivize the people to maintain deposits in Lira instead of foreign currencies, despite the weakness in the Lira.

 

Dutch Bros Inc. (NYSE: BROS) operates and franchises drive-thru coffee shops. It is up 9% this morning but there is no significant news driving the move.

 

Marathon Digital Holdings Inc. (Nasdaq: MARA) operates as a digital asset technology company that mines cryptocurrencies. It is up 8% as part of a rebound after recent negative media attention highlighting the challenges the company faces in its near future.

 

Cerence Inc. (Nasdaq: CRNC) provides AI powered virtual assistants for the mobility market. It is up 8% after signing its largest contract ever with a big European automaker for its connected, conversational AI automotive assistant products.

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