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10 Best Electric and Autonomous Driving Stocks to Buy According to Hedge Funds

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In this article, we will take a look at some of the best electric and autonomous driving stocks that are being highly favored by hedge funds.

On June 11, FreightWaves reported that Einride, a Swedish transportation technology company, began trading on Nasdaq following the completion of its de-SPAC transaction, marking another milestone in the commercialization of electric and autonomous transportation technologies.

The listing comes as software, hardware, and automation developments that continue to enable widespread deployments of electric and autonomous vehicles, making them go beyond the small-scale trial programs that defined the industry’s initial phases.

Einride’s growth plan is focused on leveraging operational data to support future automation initiatives while delivering electric and autonomous vehicles to large transportation clients. CEO Roozbeh Charli stated:

“Over the past decade, Einride has built the technology and the customer base to lead the transition to autonomous and electric freight. Our focus now is clear: continue expanding with our customers and increase automation within their networks, demonstrating that every mile we run makes the entire network more efficient.”

Companies that are involved in electric and autonomous mobility are currently concentrating more on increasing real-world deployments, enhancing efficiency, and scaling commercial operations. Furthermore, cost competitiveness, automation, and the broader adoption of electric mobility remain important themes as the sector seeks to demonstrate the commercial viability of autonomous driving technologies.

With that background, let’s explore our 10 Best Electric and Autonomous Driving Stocks to Buy According to Hedge Funds.

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Our Methodology

To identify relevant stocks for this article, we screened U.S.-listed electric and autonomous driving companies with market capitalizations above $2 billion. Next, we identified the number of hedge funds holding positions in these stocks as of the end of the first quarter of 2026. Finally, we selected 10 stocks with the highest number of hedge funds holding stakes and ranked them in ascending order.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).

10. Rivian Automotive Inc. (NASDAQ:RIVN)

The recent launch makes Rivian Automotive Inc. (NASDAQ:RIVN) one of the 10 best electric and autonomous driving stocks to buy according to hedge funds. On June 9, the CEO of Rivian Automotive Inc. (NASDAQ:RIVN), RJ Scaringe, appeared highly energetic with the company’s new R2 Sport Utility Vehicle.

The founder of the company presented different R2 models, which are anticipated to be available soon within the U.S. market, and also talked about the suspension and software technology of the vehicle.

One of these is an entry-level model that costs about $45,000. Rivian revealed that it will be available in the summer next year instead of late 2027, as originally scheduled. Even though Scaringe is excited, there is a hint of anxiousness as he talks to staff and media at the R2 launch event in western Utah. He is preparing himself to present the model to those who have already made reservations.

The R2 will debut with an advanced driver-assistance system that can monitor the driver while handling a large portion of the driving in specific situations. Nevertheless, a voice assistant driven by AI won’t be accessible until later this year. Rivian intends to use over-the-air updates to improve both systems. Scaringe stressed that the company’s expanding software services are just as significant as its cars.

Rivian Automotive Inc. (NASDAQ:RIVN) develops and sells category-defining electric vehicles. The company offers software and services, consumer vehicles, and a seven-passenger sport utility vehicle, R1S. The company also provides the Rivian Commercial Van platform, the Rivian Adventure Network Direct Current fast chargers, and FleetOS.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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Wall Street calls this $3 stock a “Melting Ice Cube.” They said the same thing about BTI before it returned 90%.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

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