Vision Marine Technologies Stock: An Introduction to EV Boats $VMAR

Tesla dominates the EV car industry, is Vision Marine Technologies going to dominate the EV boating industry? Vision Marine Technologies stock trades on the Nasdaq under the ticker VMAR stock $VMAR and recently they presented at the Planet Microcap conference in Vancouver. I summarize their presentation and provide my opinion on VMT stock and the potential.Show more

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Key insights
💡 Vision Marine Technologies aims to transform the boating experience through electric outboard engines, positioning themselves as the potential "next Tesla of the Boating world."
💰 Vision Marine Technologies' electric boat, with its 180 horsepower and cost of $90-100,000, is positioned competitively against the competition, which are significantly more expensive.
🚀 The partnerships give Vision Marine Technologies the potential for exponential and rapid growth in the industry.
🚀 Vision Marine Technologies have partnerships to produce up to 10,000 batteries per day, showcasing their scalability in the electric boat industry.
💡 The potential of capturing just one percent of the outboard engine market could result in significant earnings per share and sales, highlighting the growth opportunity for Vision Marine Technologies.
🌍 Vision Marine Technologies plans to expand its operations globally by opening two more stores and franchising its boat rental business, indicating a potential tipping point for the company's growth.
🚀 With a low float and potential for growth, Vision Marine Technologies has a first mover advantage in the electric marine industry.
⚡"Electric boats even in Canada makes a lot of sense to me...that makes a lot more sense than spilling gasoline in our lakes or rivers and our oceans right."

#evstocks #evstockstobuy

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