Red-Hot Electric Vehicle Stocks Post Gains as High as 1,400% in Just 6 Months

Upstart Companies Such as Duesenberg Technologies (OTC:DUSYFOTC:DUSYF) Are Updating Bringing Back America’s Greatest Car Brand

Investors looking for outsized profits in 2021 are taking a hard look at the exploding luxury EV market.

Just recently, a number of high-end car companies have begun producing electric models to compete with Tesla.  For 2021, these include the Audi e-tron GT, BMW i4, Lotus Evija, Aston Martin Rapide E, Porsche Taycan, Mercedes-Benz EQS, and Polestar 2. 

They range in price from Polestar’s relatively modest $60,000 all the way up to the Lotus Evija, priced at between $1.8 and $2.5 million.

Yet the real action for investors may lie elsewhere.

Huge Profits in the Luxury EV Car Market

Several under the radar companies, such as Duesenberg Technologies (OTC:DUSYFOTC:DUSYF) have begun engineering electric vehicles inspired by America’s iconic cars of the past, updated with state-of-the-art design and technology.

For example, recently the British sports car maker AC announced it would produce a limited run of electrified tributes to its Le Mans factory cars of the 1960s.  The company will manufacture a dozen AC Cobra Le Mans Electrics with a 617-hp all-electric powertrain that delivers 738 foot-pounds of torque.  The cost:  $788,000 each.

The designer Peter Brock at the American company Superperformance has created an EV version of his Superperformance chassis, inspired by the 1964 Shelby Daytona, that can go from 0 to 60 in 3.4 seconds.  It currently sells for around $525,000.

In fact, there is a cottage industry now, among gearheads and hobbyists, in converting classic cars to all-electric.

An Estonian company called e-Drive Retro now produces a plug-in electric drivetrain of its own design that can replace the internal combustion drivetrain of cars built from the 1950s through and 1970s — such as its flagship EV version of the Triumph TR6.

You can now buy all-electric versions of the 1957 Ford Fairlane,  Shelby Cobra, 1980 Fiat 124 Spider, Porsche 911, 1968 Mustang, Volkswagon Beetle, even the 1978 Ferrari 308 GTS popularized in the American TV series “Magnum, P.I.”

Bringing Back the Duesenberg Ultra-Luxury Car

For investors, though, the company that is attracting a lot of interest is Duesenberg Technologies (OTC:DUSYFOTC:DUSYF). It’s one of the few upstart luxury EV manufacturers that is publicly traded — and the only one that is developing new vehicles inspired by the iconic Duesenberg car brand.

Why the Duesenberg? Well, as American car writer Jeff Peek puts it, “The Duesenberg… was arguably the finest American automobile ever built.”

The brainchild of Malaysian businessman and classic car enthusiast Joe Lim, Duesenberg Technologies has brought together a team of engineers and designers from luxury car manufacturers and electric vehicle pioneers.

These include Chief Design Officer Chris Reitz, former head designer at the Fiat Group; Jurgen Barth, chief technical advisor with 50 years’ experience at the Porsche racing teams; Ian Thompson; with over 35 years experience in vehicle engineering including several Watershed Electric Vehicles under his belt, former Siemens tech specialist Bronson Tan; and Brendan Norman, a former executive at BMW and Audi/Volkswagen and since with over 12 years experience in the electric vehicle space.

Duesenberg Technologies (OTC:DUSYFOTC:DUSYF) plans to develop updated, high-tech versions of classic models from the old Duesenberg Motors Company, an American manufacturer of high-end luxury automobiles that existed from 1913 until 1937 in the Midwest.

Throughout the 1920s and ‘30s, Duesenberg cars were direct competitors for the most luxurious European automobiles of that era, such as Rolls Royce and Mercedes-Benz.  Gary Cooper, Clark Gable, the Duke of Windsor and scores of other famous celebrities spent handsomely for the prestige and power of owning a Duesenberg

The cars remain, for classic car enthusiasts, the ultimate symbol of luxury and high-performance in cars.

“In the simplest of terms, the Duesenberg SSJ was the best automobile in the world.” – Safet Satara

Recently, actor Gary Cooper’s 1935 Duesenberg SSJ sold for a jaw-dropping $22 million record at an auction in Pebble Beach – far more than the previous record holder,  the very first Shelby Cobra ever made, which sold for $13.75 million in 2016.

Other iconic classics sold for a fraction of the Duesenberg’s price, such as the 1955 Maserati A6GCS/53 Spider (only $5.17 million) and the 1955 Porsche 550 Spyder ($4.455 million).

Experts say this shows the premium value that is placed on the Duesenberg brand among luxury car buyers.

As Top Speed car writer Safet Satara puts it, “In the simplest of terms, the Duesenberg SSJ was the best automobile in the world….  the most luxurious and the best-built thing rolling the streets of Hollywood and the world.”

He adds that “If you were to ask me what car company I’d like to see resurrected, it would be the Duesenberg.”

It looks like classic car lovers like Satara will get their wish.

The updated Duesenberg vehicles will be manufactured using modern techniques and technologies yet with full Duesenberg factory support, warranty and certification.

The first prototype Duesenberg Technologies (OTC:DUSYFOTC:DUSYF) vehicle is a sleek, high-tech fastback dubbed “Le Grand Torpedo,” an ultra-luxury limousine with a distinctive butterfly compartment opening and inspired by the classic Duesenberg Model A and Model S lines.

Built with an advanced composite and aluminum and steel chassis, Le Grand Torpedo features an Integrated HUB motor with a built-in torque vectoring system and that is powered by third-generation Lithium-Ion batteries.  The car will come with a full array of driver-assist technologies, including an advanced driver monitoring systems, Autonomous capabilities around steering, braking and cruising, and smart cockpit digital instrument cluster.

The initial run of “founders” vehicles will be limited to 100, and will be released with special treatments to the vehicles and an exclusive invitation to each owner to personally choose the interior fittings placed in their vehicles in consultation with one of the original expert designers from the Duesenberg Design Team in Barcelona, Spain.

These initial vehicles will be priced in excess of $500,000 each, in the same class as the Ferrari SF90 Stradale, Rolls-Royce Phantom and Ford GT.  The company’s manufacturing facilities, based in Nevada, are scheduled to have the first vehicles ready by the summer of 2023.

The Duesenberg business model is to establish a sustained presence at the top of the Prestige Automobile Mountain.

EV Stocks on Fire in 2020 and 2021

For investors, the attraction of luxury EV manufacturers such as Duesenberg Technologies (OTC:DUSYFOTC:DUSYF) is the 27% profit margin projected for the ultra-high-end market – and the exploding electric car market generally.

According to a recent report published by Allied Market Research, the global electric vehicle industry is expected to skyrocket from $162 billion in 2019 to $802 billion by 2027, an increase of 395 percent in just eight years and a compounded growth rate of 22.6 percent annually.

Governments worldwide are setting new zero-emission mandates that will require only EV- or hydrogen-powered vehicles to be sold in just 10 to 15 years.

And a report from Bloomberg estimates that electric vehicles will be 10 percent of all vehicles sold by 2025 (about 8 million units) and this will grow to 28 percent by 2030 (26 million units).

That may be the reason why many small, publicly traded EV manufacturers have seen the value of their shares rise sharply in recent months.

Lordstown Motors Corp (RIDE), which makes an EV pickup, has seen its shares double in value in 2020 – from $12 a share in August to $27 a share in December.  That’s a 125 percent return in less than a year.

Nikola Corp. (NKLA), which manufactures EV long-haul trucks, started the year at around $10.70 a share and now trades for around $30 – an increase of 180 percent in a year.

Workhorse Group (WKHS), another electric truck manufacturer, saw its shares rise from $1.57 per share in March 2020 to around $28 a share by December – a gain of 1,683 percent in less than a year.

Li Auto (LI), a Chinese EV company trading on U.S. exchanges, saw its ADR shares jump from $14.60 last August to $40 in December – a gain of 173 percent in just four months. 

And Nio (NIO), another Chinese EV manufacturer, has done even better.  Its shares have risen from $3.27 in May 2020 to $52 at the end of the year – a gain of 1,490 percent in six months. 

Current plans call for Duesenberg Technologies to “pre-sell” its first 100 vehicles, all customized, to high-net-worth individuals, allowing the company to reach profitability within just three years.   

Selling 100 to 1,000 units annually of the customized Le Grand Torpedo, Duesenberg Technologies could see its revenue grow quickly from $50 to $500 million.  The company itself projects initial EBITA profits of $100 million within the first five years.

For a small startup with a market cap of only $22 million, these are exciting projections.  Duesenberg Technologies (OTC:DUSYFOTC:DUSYF) is currently selling for less than $1 per share.  Yet if its attempt to revive the Duesenberg brand catches on with luxury car buyers, that could change overnight.

For more information on Duesenberg Technologies, visit its website.

For information on the exploding luxury EV market, click here.

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