Stronger than expected US jobs data in October has reminded investors that real economic demand, including for cars and transport, still has plenty of fuel in the tank. That kind of broad hiring can keep interest in electric vehicles alive as drivers and businesses upgrade their fleets. This article picks out three stocks tied to electric car manufacturing and components from our screener and explains why they may deserve a closer look at this time.
The three EV focused stocks below are only a sample, and the full screen surfaced 7 more companies with equally interesting stories that are not covered here. To identify and analyze potential high conviction ideas in this theme, head straight to the EV Stocks screener .
Ford Motor (F)
Overview:Ford Motor designs and sells combustion, hybrid, and electric vehicles, with Ford Model e focused on EVs, software, and charging technologies.
Operations:Ford generates about US$144.9b from Ford Blue, US$65.2b from Ford Pro, US$13.7b from Ford Credit, and US$5.1b from Ford Model e.
Market Cap:US$50.0b
Ford Motor gives the EV Stocks theme a large scale manufacturer that is trying to pair its Model e electric platform with software, charging and energy services built on top of a long running truck and SUV franchise.
"Ford Motor is building a larger base of high margin software subscriptions, with about 1.6 million paid subscriptions across the group, blended ARPU of around US$14 per month and contribution margins above 50%, which can increase recurring revenue and support earnings resilience if subscriber numbers and ARPU continue to grow."
What happens to Ford Motor's EV story if one unseen cost pressure keeps squeezing the path to those higher margins?
That margin squeeze is exactly what the full narrative for Ford Motor unpacks in detail, highlighting where Ford Motor could still accelerate or stall from here.
Tesla (TSLA)
Overview:Tesla designs and sells electric vehicles, batteries, and energy systems, tying its brand directly to mass market EV adoption worldwide.
Operations:Tesla generates about US$91.3b from Automotive and US$12.3b from Energy Generation and Storage, with US$47.3b from the United States, US$20.8b from China, and US$35.5b from other international markets.
Market Cap:US$1.4t
Tesla matters for this EV Stocks theme because its cars, batteries, and charging network shape how quickly electric driving becomes part of everyday transport. The quote below shows how much the company is trying to build around that starting point.
"Tesla is pursuing a range of ambitious and, in some cases, speculative opportunities: AI leadership, robotaxis, humanoid robotics, and battery storage."
For EV focused investors, it may be important to consider what happens if a single assumption behind those future projects shifts the pricing power of Tesla's vehicle business.
That pricing power question is exactly where the full narrative for Tesla goes further, mapping how Tesla's broader bets could amplify or dilute the core EV engine.
Vontier (VNT)
Overview:Vontier provides mobility technology solutions, with its Mobility Technologies segment supplying EV charging hardware and software platforms for charging networks.
Market Cap:US$5.4b
Vontier gives this EV Stocks theme a behind the scenes player, supplying the charging hardware and software that keep networks running reliably.
"Vontier has built a large installed base that generates recurring revenue in the mid-20s. In the long run, growth in electric vehicles threatens to disrupt Vontier's retail fueling business."
The key tension is how the shift in where drivers refuel ultimately shapes the balance between that recurring base and future margins.
That refueling shift is exactly what the full narrative for Vontier unpacks, showing how Vontier could convert disruption into accelerating growth in its EV focused platforms.
Seeking Alternatives Beyond EV Stocks
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This article is general in nature and was produced with the assistance of AI automation, based on data and analysis from Simply Wall St. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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