Cheapest EV Stock On The Planet. Trades Below Cash On-hand.

Cenntro Electric Group (NASDAQ: CENN) is a leading EV technology company with advanced, market-validated electric commercial vehicles. Cenntro plans to lead the transformation in the automotive industry through scalable, decentralized production and fully digitalized autonomous driving solutions empowered by the Cenntro iChassis. Cenntro has produced and delivered over 3,600 commercial EVs in more than 26 countries. 

Cenntro produced 628 Electric Vehicles in December 2021 Represents Highest Volume in a Single Month. At this rate, It could potentially produce over 7500 EVs per year. At compounded growth rate, It could potentially produce over 20,000 EVs per year. The company is expected generate over $2 billion yearly revenue. I expect the company would earn high profit-margin compared to other EV makers. 

it currently distributes vehicles in over 26 countries to target customers, which include corporate fleets (i.e., utilities companies), medium and small companies (i.e., small processing facilities, farms, solar farms, resorts, planned communities, etc.), as well as both state and federal government fleets.

Currently, Metro is mostly sold in Europe, the United States, Japan, Korea, Singapore and Israel. Cenntro Expects to Report Audited Fiscal 2021 Financial Results in Early April 2022 in Conjunction with Investor Business Update Conference Call. 

The company is planning to expand  its European Operating Center in Dusseldorf, Germany and New Assembly Plant in Jacksonville, Florida. 

CNBC reporter said that Cenntro has a lot of potential as per his conversation with the people but his CNBC colleagues ignored his report and laughed at him instead. The reporter was very smart; he realized that they don’t want to listen he quickly said that “Tyren trust me it is hard to follow “. Please watch the video. 

https://twitter.com/i/status/1484622758705352705

 Gamma Squeeze?

 Yes, It will happen. Here is why. The stock trades below cash on-hand. The insiders own 40% of shares outstanding. They have manufacturing plants in many countries and no debts. Do you remember this? The pharma bro Martin Shkreli announced himself as the CEO of Kalobios after he acquired massive stake in the company. The stock jumped from $2 to $40 within a few trading session. 

The smartest thing the company should do is that they should buy the entire float by using the cash on-hand and create gamma squeeze to achieve share price target of $40 to $80 range and raise cash $1 billion from the market. 

$CENN is cheapest EV stock on the planet. It trades below cash on-hand, no debt, produced more than 3600 EVs. Imagine If someone acquire 51% stake in the company and announce himself / herself as the CEO of the company same as Martin Shkreli it will create Gamma Squeeze; the stock will skyrocket. I know a billionaire investor who might be interested I will find out. Cenntro is STRONG BUY at this price level. The price target is $40.