Investors are piling into electric vehicle stocks after the latest Tesla numbers showed it beat expectations for vehicle deliveries. The news lifted Tesla shares even further, with the stock up 124% year-to-date. Rivian shares also got a boost, after it reported deliveries that topped estimates. Vanda Research in a Thursday note said it's seeing signs of some rotation from AI stocks to EVs.
EV stocks with upside To see which EV stocks are expected to continue to rise, CNBC Pro screened two ETFs on FactSet: the KraneShares Electric Vehicles & Future Mobility Index ETF and the Global X Autonomous & Electric Vehicles ETF . The resulting stocks have at least 10% average upside to price target, 10 or more analysts covering the stock, and a buy rating from at least 50% of the analysts.