New EV ETF Bets Bigger on BHP than Tesla

The Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) targets companies involved in the development of autonomous vehicle hardware and software, electric vehicles and EV batteries and raw materials. BHP is at #10 and Rio is at #14. To compare, Tesla is far below, at #30. The stock make-up of the fund was done by algorithms but I think it demonstrates how raw materials for EVs are taking center stage over the carmakers: GM, Ford, and Volkswagen are all lower than BHP and Rio.

  • Like 1

Share this post


Link to post
Share on other sites

2 hours ago, Marina Schwarz said:

The Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) targets companies involved in the development of autonomous vehicle hardware and software, electric vehicles and EV batteries and raw materials. BHP is at #10 and Rio is at #14. To compare, Tesla is far below, at #30. The stock make-up of the fund was done by algorithms but I think it demonstrates how raw materials for EVs are taking center stage over the carmakers: GM, Ford, and Volkswagen are all lower than BHP and Rio.

At least for the time being, even when carmakers are losing money on their EV lines, raw materials providers are still making money off the carmakers. It's a good bet--raw materials are needed whether EVs are profitable right now or not.

  • Upvote 1

Share this post


Link to post
Share on other sites

And with Rio it's a bet on batteries, too. That's the back door to investing in EVs. 

Share this post


Link to post
Share on other sites

here's the fund's top holdings ... so chipmakers top the list:

 

Screen Shot 2018-04-18 at 8.12.52 AM.png

Share this post


Link to post
Share on other sites

just started trading so no data to go on, but will be watching this one. like the basket. 

Share this post


Link to post
Share on other sites

Keep an eye on SQM.

  • Upvote 2

Share this post


Link to post
Share on other sites

Which comp is better future /make big profit : CXO NOC, RSPP or GFKSY ?

  • Like 1

Share this post


Link to post
Share on other sites

CXO is an interesting case in theory, but not for me. Investors have been dropping the stock even though it recently made a move to turn itself into one of the biggest players in the Permian. 

Share this post


Link to post
Share on other sites

none of these is really relevant to the subject at hand (EV and the EV back door) ... and I can't see the full basket, but I would definitely add aluminum to it. US premiums are going to hurt the EV industry, but all the more reason to have stocks like Alcoa in the basket to balance things out. Aluminum prices are skyrocketing right now on the back of tariffs and sanctions. 

Share this post


Link to post
Share on other sites

12 hours ago, Kirk said:

Keep an eye on SQM.

Just said they'll be raising their lithium capacity to 100,000 tonnes next year.

  • Like 1

Share this post


Link to post
Share on other sites
Sign in to follow this  
Followers 0