It’s official: The most popular pickup truck in the U.S just went electric. This move from Ford has put it on a level playing field with the electric vehicle (EV) king, Tesla… It’s also left investors scrambling to figure out which is the best EV stock to buy in 2021.
And it just so happens that today, I want to talk about a pairs trade I’ve been saving in my back pocket for a while... a
I’ve been eyeballing the stock market to get into this trade at the perfect time. And in the coming weeks, it will be time to pull the trigger.
What’s even better about this pairs trade is it’s a secret Money Link move that my members don’t even know about yet.
I usually never do things like this… giving out free trades to the general public. Normally, I like to show traders the tactical components of investments and which options look good to trade.
But I think this is too big of an opportunity for you guys to miss out on, so I must share…
I’m looking at going long on Ford and short on Tesla.
Tesla Vs. Ford: The Best EV Stock To Buy in 2021 for Traders
Thursday, Ford Motor Co. (NYSE: F) released the 2022 Ford F-150 Lightning… and it’s a big deal for the EV market.
This new truck is the electric version of the American favorite F-150 pickup truck.
Ford’s electric pickup has two available battery packs that allow the vehicle to reach 60 mph faster than previous F-series trucks available now. It’s capable of towing 10,000 pounds and has targeted driving ranges of 230 to 300 miles.
With an affordable price around $40,000, the F-150 Lightning is poised to become the American mainstream choice for electric trucks by spring of 2022… even beating Tesla Inc. (Nasdaq: TSLA).
Ever since Ford made the announcement, investors and consumers have been raving about the truck — causing preorders to be sold out almost instantly.
This caused a lightbulb to go off in my head: If Ford is so willing to listen and pay attention to their customers and deliver products that align with them consistently, then there’s going to be some major upside for the stock.
This is also terrible news for Tesla.
Looking under the hood of this Money Link trade, you’ll notice that Ford has outperformed Tesla by 61% this year.
Right now, Ford is the type of stock that us trend followers love to trade. It’s above all of its moving averages and makes breakouts on good, fundamental information — not just hype and tweets from Elon Musk.
Technically speaking, Ford’s chart looks great as well — it’s consolidating near highs and now looking to make major leaps toward all-time-highs.
Tesla, on the other hand… let’s just say it’s breaking down bad. We’re looking at a growth stock that doesn’t seem to want to grow anymore.
But if you trade Ford and Tesla together — like I demonstrate in today’s video — then the opportunities for profit may be endless…
Check out my short video below to learn more about the best EV stock to buy in 2021, and see how to trade both to profit in any market.
Be sure to share your thoughts in the comments section below.
And as always, send any trading questions to jeff@joyofthetrade.com and stay ahead of the markets, especially these choppy ones, by subscribing to our YouTube channel.
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