Sasha Jovanovic
4 min read
Higher oil prices and fresh worries about Middle East supply are back in focus after Brent crude hit its strongest level since late April. Expensive fuel can sharpen the attraction of electric vehicles, since electricity is less directly tied to global crude swings. That opens a window for investors looking at companies tied to cleaner transport. This article highlights three EV related stocks from our screener that may be worth a closer look.
The three EV stocks in this article are just a starting sample, and the full screen surfaced 6 more companies with equally detailed stories that are not covered here. To go deeper into the opportunity set, head straight into the EV Stocks screener to identify, filter and analyze potential high conviction ideas.
Rivian Automotive (RIVN)
Rivian Automotive builds fully electric pickups, SUVs and delivery vans backed by its own batteries, powertrains and charging network. This positions the company squarely in the EV manufacturing theme, while layering on software and services that change how those vehicles are used and monetized.
Rivian generates most of its revenue from the Automotive segment at about US$4.0b, with a further US$1.9b from Software and Services, and the stock currently carries a market value of roughly US$17.5b.
“The Autonomy Plus package, supervised point to point driving targeted for initial rollout toward year end, and a roadmap toward eyes off and personal Level 4, together with encouraging early attach rates, create a growing base of higher margin software and subscription revenue that can add to automotive gross profit and EBITDA.”
Margins and investor confidence could both look very different depending on how one quietly evolving piece of Rivian’s EV ecosystem plays out.
That quiet swing factor is exactly what the full narrative for Rivian Automotive unpacks in detail, including how software economics could reshape Rivian Automotive’s long term risk and reward profile.
Tesla (TSLA)
Tesla is best known for building and selling electric vehicles that anchor the EV Stocks theme, while also running energy storage and solar operations, with the stock now valued at roughly US$1.5t in market capitalization.
Tesla gives this EV screen real weight because its core business is still designing and selling fully electric cars, supported by its own batteries, charging infrastructure and in car software.
“Tesla is pursuing a range of ambitious and, in some cases, speculative opportunities: AI leadership, robotaxis, humanoid robotics, and battery storage. In areas such as autonomous vehicles and robotics, significant technological and regulatory hurdles remain.”
