[PICTURES] These Tesla Killers Are the Future of Driving

“Dad, I’m headed to Elizabeth’s to watch the Bachelor… I’ll be home by 10!”

Such is life for this father of three teenage girls… Just when I think I’ve got everyone settled in for the evening, someone heads out to visit a friend or do some quick shopping.

Fortunately, I’ve got a little trick up my sleeve to keep them close to home and coming back often.

And today, I’m going to show you how that trick can actually help put some extra cash in your investment account.

Curious how that works? Read on!

My Favorite Car Purchase Ever

Years ago when my first daughter started driving, I bought a Nissan Leaf.

It may have been one of the smartest purchases I ever made.

The Nissan Leaf is one of the first commercially available electric vehicles, and it has been a great car for us here at the Scheidt house.

I originally bought the vehicle so my daughter wouldn’t have to buy gas every week. I figured she could park the car in the garage, charge it every night, and start with a full charge before school every day.

As an added bonus, the car only has about an 80-mile range.

That’s enough to get to-and-from school, to sports practice after school, but not enough range to get too far from home.

Some might consider this short range a drawback. But I like knowing that if the girls want to drive farther away, they need to check in and possibly switch cars with me for longer trips.

And my girls love not having to buy gas with their babysitting money.

So you can see why the Leaf turned out to be a great purchase for our family.

Just this weekend, my other daughter Rebekah (15) and I took a spin around the neighborhood to give her some practice. She’s just getting started learning to drive, but already thinking way ahead.

“Are you going to buy me an electric car when I get my license?” she asked… “Maybe a Tesla??”

I had to laugh.

“If anyone in this family gets to drive a Tesla, it’s going to be me!” I joked. “But it’s definitely possible that we’ll have another electric car when you’re ready to get your license.”

So Many Electric Vehicle Choices!

It’s ironic that Rebekah asked about an electric car the day after I got home from the Consumer Electronic Show (CES).

While I was at the show, I was impressed by all of the different car makers that are quickly adding new electric models for consumers to choose from.

Below are just a few pictures I took. Including:

  • The Ford Mustang Mach-E electric sports car
  • A plug-in hybrid electric vehicle from Land Rover
  • Jeep’s new Rubicon electric SUV
  • And Audi’s sleek e-tron electric hatchback

Zach Car Show

Just this week, GM also announced that the company is rolling out an electric version of its Hummer.

Talk about irony! This model has been known as one of the biggest “gas guzzlers” for its entire lifespan. But now, you can buy a Hummer that leaves a much smaller carbon footprint.

Altogether, I learned that by the end of this year, there should be more than 150 different electric vehicle models for consumers to choose from. And that’s great news not just for your driving pleasure, but also for your investment returns!

You see, many of the vehicle companies that I follow have the potential to ramp up sales this coming year as these cutting edge vehicles are rolled out. And that means profits, stock prices, and even dividends will be trending higher.

Now if you’ve been reading The Daily Edge for a long time, you know that I’m not a huge fan of buying shares of the most well-known electric vehicle maker Tesla Inc. (TSLA). The stock has certainly been doing well over the last few months. But TSLA also has a history of violent swings and disappointing execution.

I’m still worried that the stock price could pull back sharply as competition picks up and investors start paying attention to the lack of profitability.

On the other hand, as traditional auto manufacturers join the electric vehicle revolution, investors will have some tremendous opportunities to book profits!

In particular, I’m keeping a close eye on Ford Motor (F), General Motors (GM) and Fiat Chrysler (FCAU).

Ford and GM both pay excellent dividends. Ford’s yield is currently close to 6.5%, while GM pays us 4.3% to hold our shares.

Both of these are well above the average yield for most blue-chip stocks, and both of these companies stand to benefit from consumers who have money to spend in 2020, and new technologies (including electric motors and autonomous driving).

And before I go… I’ve got several more months until I need to decide what vehicle to buy for our next teen driver.

So if you have any personal experience with any other electric car brands, please let me know at EdgeFeedback@StPaulResearch.com!

Here’s to growing and protecting your wealth!

Zach Scheidt

Zach Scheidt
Editor, The Daily Edge
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Zach Scheidt

Zach Scheidt is the editor of Lifetime Income Report, Income on Demand, Buyout Millionaires Club, and Family Wealth Circle — investment advisories dedicated to finding Wall Street’s best yields. He brings to the table impeccable investment management experience and a solid record of identifying oversized payout opportunities.

Zach previously edited Income and Dividend Report, which...

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