I recently stumbled across a stock teaser by Angel Publishing’s Jeff Siegel, which centered around a company that he predicts could “soon be bigger than Tesla.”
Siegel says that he recommended Tesla at $13 a share, and now he sees an “even bigger opportunity in the electric vehicle market.”
One that he claims could mint a new “army of millionaires,” just as Tesla did.
Long story short, Siegel is teasing a U.S.-based electric vehicle (EV) company that he says was started by former Tesla executives. And while he didn’t reveal its name in the presentation, I uncovered the “$5 company” he’s teasing by looking into his clues.
So with that said, let’s dive right in!
Pick Revealed: “Bigger Than Tesla: The Next American EV Powerhouse”
Jeff Siegel shared lots of tangible clues about this company, which made it one of the easiest picks I’ve uncovered in a while.
For starters, he said that it was founded by former Tesla execs:
“I see an even bigger opportunity in the electric vehicle market right now — one that could mint a new ‘army of millionaires’ like Tesla did.
“Several executives from Tesla saw this unique opportunity forming years before anyone else.
“That’s why they jumped ship to create an EV company unlike anything else the world has ever seen.”Source: https://secure2.angelpub.com/o/web/410794
Second, he said that this U.S.-based company is “arguably the best-performing electric vehicle in the world” and that it’s “making range anxiety a thing of the past.”
Specifically, he said that the company has made an electric bus that has a range of 1,102 miles, which is apparently thanks to its “extraordinary EV battery technology.”
“… this company produces what is arguably the best-performing electric bus on the planet…
“One that shattered the world record for the longest distance ever driven by any electric vehicle on a single charge.
“With a range of 1,102 miles, it beats out even the most fuel-efficient vehicles on today’s highways.
“And it’s all because of its extraordinary EV battery technology.”
Aside from buses, Siegel said that the company can “electrify an entire host of large industrial vehicles,” including delivery trucks, cargo vans, garbage trucks, ambulances, 18-wheelers, mining excavators, and more.
And he said that the company builds charging stations.
“This company’s batteries not only power every bus it produces but can also electrify an entire host of large industrial vehicles, including school buses, coach buses, delivery trucks, cargo vans, garbage trucks, ambulances, 18-wheelers, mining excavators, and much more.
“This firm also builds charging stations for its buses that can charge the types of industrial vehicles I just mentioned.
“Armed with its battery and charging tech, this firm can electrify virtually any commercial vehicle fleet on the planet — and any size too!”
To summarise the remaining clues, Jeff Siegel said that the company:
- Is “inking supply deals” with Daimler, Komatsu, Freightliner, and Van Hool.
- Has “$750 million worth of backlogged orders on the books.”
- Is building a “brand-new EV battery factory” in the U.S.
- And that “President Biden has toured this company’s production facilities.”
What could it be?
Based on the clues, Jeff Siegel’s pick appears to be Proterra Inc. (ticker: PTRA), a California-based automotive and energy storage company that designs and manufactures electric buses and EV charging systems.
According to its website, Proterra’s mission is to advance EV technology and “deliver the world’s best-performing commercial vehicles.”
And aside from making electric buses and developing EV charging infrastructure, the company makes EV batteries and drivetrains for commercial vehicles.
As for Siegel’s other clues, here’s an overview of how those match this company:
- Firstly, at least two former Tesla executives have worked with Proterra. According to the company website, Proterra’s former CEO, Ryan Popple, was a Senior Director of Finance at Tesla Motors. And according to Business Insider, Tesla’s former vice president of manufacturing Josh Ensign became Proterra’s chief operating officer several years ago before recently moving on.
- Second, Proterra’s stock is trading at just under $5 a share as of writing (July 2022), which is down significantly from when the company went public in June 2021.
- Third, in 2017 the company said that its Catalyst E2 Max electric bus went 1,102.2 miles on a single charge, matching Siegel’s “range of 1,102 miles” clue.
- Proterra appears to have worked with the companies Siegel mentioned (above).
- In December 2021, Proterra announced plans to open a new EV battery system manufacturing plant in South Carolina. And the picture of the factory shown on the page I just cited matches (except the logo) what Siegel showed in the presentation.
- Based on this article on insideevs.com, Siegel’s “$750 million worth of backlogged orders” clue lines up with what Proterra has reported.
- And finally, U.S. President Joe Biden received a virtual tour of Proterra’s Greenville facility early last year, which matches the last clue I mentioned earlier.
So, based on what Jeff Siegel said in the presentation, I have no doubt that his “bigger than Tesla” stock pick is Proterra.
That said, if you want to get Jeff Siegel’s research and access the details of his recommendation, you’d need to see his report called “Bigger Than Tesla: The Next American EV Powerhouse.”
This is where Siegel details his pick and the reasons why he believes his pick (which I believe is ProTerra) is “at the center” of the “$340 billion industrial EV market.”
But the only way to access that report is to join his paid service, Green Chip Stocks, which costs $99 per year. So let’s discuss how that works and whether or not it’s worth it.
Is Green Chip Stocks a Worthwhile Service?
Green Chip Stocks is an Angel Publishing stock advisory service edited by Jeff Siegel, who says he’s been a professional investor for over 30 years.
And according to Siegel, it’s focused on renewable energy stocks.
“As I mentioned before, I’m Jeff Siegel.
“And I’ve been a professional investor for 30 years.
“I’m also a bestselling author, television commentator, and editor of Green Chip Stocks, a highly successful research publication that focuses on renewable energy.”
How does it work?
The way this service works is similar to most stock advisories. The main idea is to signup, access a list of stocks, and decide what recommendations you want to follow.
You also get access to research reports that break down Siegel’s picks (like the “Bigger Than Tesla” report I mentioned earlier) and other resources such as market updates and access to a member’s area site.
What are Jeff Siegel’s other picks?
I’m not a member of Green Chip Stocks, and even if I was, I wouldn’t reveal Siegel’s picks as they are locked behind a paywall, and I don’t think that’d go down too well (lol).
However, I have looked into different presentations he’s released and shared my guesses on the companies he has teased based on the clues he has shared.
For example, most recently, I looked into a “solar window” company he teased. And before that, I uncovered one of his top biotech picks.
So if you want to know more about his top picks, check out this page, which shows you all of the latest posts I’ve written about Jeff Siegel’s picks.
In any case, regardless of what companies any “guru” recommends or what their track record is like, there’s no guarantee you’ll make money as a subscriber.
That doesn’t make the service a scam, but it does mean that you could lose money by following the recommendations, which is true for any service.
Recommended: Go here to see my #1 rated stock advisory of 2022
I’ve seen countless stock teasers focused on companies that will supposedly be the “next Tesla,” and I’m yet to see one that has actually become bigger than Tesla. That doesn’t mean it won’t happen, but this is a fairly common narrative among stock pickers.
In this case, Jeff Siegel teased a company focused on commercial EV solutions (electric buses, drive trains, batteries, and charging stations), which appears to be Proterra.
On the one hand, Proterra is a great company. And assuming my guess is right, Seigel is teasing a company that’s trading at historic lows rather than spruiking a company trading at FOMO levels, which is common in the stock picking space.
On the other hand, that doesn’t necessarily mean it’s “cheap.” There are a lot of variables to consider when it comes to choosing high-potential stocks, which is why it’s always important to do your own due diligence when it comes to this sort of thing.
Either way, Proterra is almost certainly the company Jeff Siegel’s teasing based on the presentation. And if you agree with my take, at least now you don’t have to join his service just to find out what company he’s teasing.