Could Freyr Battery Become the Next Tesla?

The bullish sentiment assumes Freyr will cement extensive relationships within the global battery industry across several continents coupled with ambitious production goals. Freyr went public in July 2021 after merging with special purpose acquisition company (SPAC) Alussa Energy Acquisition, and its stock has gained 63% over the year since then. While there is also a bear case made for Freyr to short circuit, no analyst is predicting that at the moment -- the start-up has a near unanimous buy recommendation assigned to it.