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

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.

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. 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.

9. Lyft Inc. (NASDAQ:LYFT)

Lyft Inc. (NASDAQ:LYFT) is one of the 10 best electric and autonomous driving stocks to buy according to hedge funds.

On June 11, Lyft Inc. announced that Baidu’s autonomous vehicles will start road testing throughout London within the coming weeks. A commercial robotaxi launch is scheduled for the second half of the year, pending vehicle inspections and official approval from UK authorities.

As part of the collaboration, Lyft will handle fleet management and customer bookings through its mobile application. Baidu will supply the vehicles along with the self-driving systems. Fares will likely match current ride prices with human drivers.

This upcoming rollout increases regional competition, as local startup Wayve plans a summer launch with Uber while Waymo intends to enter London before next year ends.

During the second week of May, RBC Capital reduced its price target for Lyft Inc. from $22 to $18, while maintaining an Outperform rating on the stock. The firm noted that Lyft’s first-quarter results were not as strong as expected, with market bears expected to focus on organic growth trends and changes in rider promotions.

RBC Capital further highlighted that the company continues to be positioned for double-digit growth, supported by a potential path towards margin expansion, despite recent weakness in results.

Lyft Inc. operates multimodal transportation networks in the U.S. and internationally. The company runs the Lyft Platform that connects drivers with riders through the Lyft mobile application, and also allows ridesharing. It offers advertising services, sells bikes and bike station software and hardware, and data access agreements.

8. Aptiv PLC (NYSE:APTV)

Aptiv PLC (NYSE:APTV) is one of the 10 best electric and autonomous driving stocks to buy according to hedge funds.

On June 8, Aptiv PLC announced the launch of its Advanced Occupancy Classification system, marking the industry’s first occupant detection solution powered entirely by an in-cabin camera. The newly introduced software solution leverages artificial intelligence and advanced computer vision to classify vehicle occupants based on parameters including height, weight, and body position.

This camera-only system architecture simplifies vehicle engineering by completely eliminating traditional pressure-based in-seat hardware, which lowers the automotive bill-of-materials cost by up to 40%. The system achieved a 100% accuracy rate across federal regulatory testing procedures under the FMVSS 208 regulation for frontal crashes.

Furthermore, automakers can utilize the same interior camera sensor to deploy over fifteen additional cabin safety and comfort functions. These include driver-attention tracking, hands-on-wheel detection, and seatbelt-status monitoring. The technology features over-the-air upgrade capabilities, allowing vehicle platforms to adapt over time as global safety compliance mandates evolve without requiring physical component adjustments or adding extra system sensors. This launch makes Aptiv one of the most favored electric and autonomous driving companies, according to hedge funds.

Aptiv PLC offers advanced electrical and active safety technologies that ensure safer and greener mobility solutions. Operating through 2 segments, Signal & Power Solutions, and Advanced Safety & User Experience, it develops and sells vehicle components for automotive and commercial vehicles.

7. QUALCOMM Inc. (NASDAQ:QCOM)

QUALCOMM Inc. (NASDAQ:QCOM) is one of the 10 best electric and autonomous driving stocks to buy according to hedge funds. The optimism surrounding the stocks is backed by the company’s ongoing engagement with QCraft.

On June 5, Qualcomm Inc. and QCraft showcased their urban Navigate-on-Autopilot solution in SA8650P-equipped production vehicles during the 2026 Qualcomm Automotive Technology and Cooperation Summit. QCraft successfully finished the development and on-road validation of highway and urban systems using SA8775P and SA8650P platforms operated by Qualcomm, since their collaboration began in September 2025.

Additionally, a higher-compute solution based on the QAM8797P platform is presently being developed collectively. During live demonstrations, the vehicles successfully navigated complex scenarios, including mixed pedestrian traffic, tunnels, and unprotected left turns, exhibiting smooth, human-like control.

QCraft Chief Technology Officer Dr. Dong Li noted that development on the Snapdragon Ride platform has rapidly accelerated toward mass production. He also discussed the industry transition from autonomous driving to general-purpose physical artificial intelligence.

The QPilot assisted-driving system is currently deployed on nearly 30 production models, with over 50 more anticipated in 2026, supporting billions of user-driven kilometers while maintaining exceptionally low false-trigger rates for emergency braking.

QUALCOMM Inc. engages in the development and commercialization of foundational technologies for the wireless industry. The company offers systems for connectivity, integrated circuits, system software, and IoT. It licenses 3G, 4G, and 5G patents, invests in early-stage technology companies, and provides development services to government agencies and data center businesses.

6. General Motors Co. (NYSE:GM)

General Motors Co. (NYSE:GM) is one of the 10 best electric and autonomous driving stocks to buy according to hedge funds.

On June 9, General Motors Co. announced a software update enabling certain U.S. electric vehicle owners to transmit power back to the electric grid. This expands the existing vehicle-to-home system, which already allows EVs to supply residential power during blackouts. Under this vehicle-to-grid model, owners can sell electricity to utility companies during periods of high demand, with General Motors taking a portion of those payments.

According to Aseem Kapur, Chief Revenue Officer of GM Energy, the company is now in talks with about ten utilities. He stated that the technology’s commercial rollout, which would initially focus on Texas and California, is expected to start in the coming months.

In Michigan, a different localized pilot initiative with DTE Energy is also in progress. Although utilities are still wary of the necessary infrastructure investments and technological uncertainties, the initiative highlights a larger industry trend of automakers like Ford Motor Co. following Tesla’s lead in the energy sector.

Earlier on June 1, Michael Ward from Citi reiterated a Buy rating on General Motors Co., while significantly increasing the price target from $108 to $131. Ward raised the price targets for both automakers, i.e., General Motors and Ford, to reflect their prospects.

Although Ward currently prefers General Motors over Ford, he feels that both companies are well-positioned to capitalize on increased industry production. Additionally, he highlighted that adjacent revenue streams originating from energy storage, autonomous technologies, robotics, and digital services offer avenues for growth and margin expansion compared to the traditional automotive business.

General Motors Co. builds and sells crossovers, cars, trucks, and automobile parts worldwide. It also offers after-sales services, subscriptions, automotive financing, and software-enabled services. It sells its products through retailers, distributors, and dealers, as well as to fleet customers. The company markets its vehicles under brand names including GMC, Baojun, and Buick.

5. Tesla Inc. (NASDAQ:TSLA)

Tesla Inc. (NASDAQ:TSLA) is one of the 10 best electric and autonomous driving stocks to buy according to hedge funds.

On June 11, Tesla Inc. announced that its supervised Full Self-Driving (FSD) technology has received approval in Denmark, with a rollout anticipated soon. The Danish Road Traffic Authority clarified that this support is still tentative because the European Union Commission still needs to formally approve the system.

Currently, this supervised FSD clearance applies exclusively to EU nations that recognize the initial Dutch regulatory approval granted in April, which now includes Denmark and Estonia, the latter having cleared the software last month.  A comprehensive EU-wide approval would extend deployment to all member states, whereas a rejection would void the Dutch clearance within six months, subsequently invalidating Denmark’s approval.

On June 10, Piper Sandler analyst Alexander Potter maintained an Overweight rating and a price target of $500 for Tesla Inc.. He observed that there is a significant amount of skepticism regarding the effectiveness of the full self-driving software developed by Tesla.

Clients often use Waymo’s larger robotaxi fleet as an excuse to doubt the automaker’s preparation for autonomous driving. This doubt is further magnified by the absence of universally accepted, directly comparable datasets used to measure metrics such as vehicular crashes and system disengagements.

Despite these concerns, the analyst believes the company has effectively attained Level 4 autonomy. This conclusion is supported by various factors, including the automaker’s active promotion of insurance products, manufacturing of Cybercabs devoid of pedals or steering wheels, and its efforts to acquire robotaxi infrastructure permits.

Tesla Inc. is engaged in the manufacturing, sale, and leasing of electric vehicles, as well as energy generation and storage systems. The company offers electric vehicles, solar panels, and energy storage products such as Powerwall and Megapack. It also offers maintenance and financing solutions for self-driving AI software, along with insurance services for residential, commercial, and industrial customers.

4. Uber Technologies Inc. (NYSE:UBER)

Uber Technologies Inc. (NYSE:UBER) is one of the 10 best electric and autonomous driving stocks to buy according to hedge funds.

On June 1, Uber Technologies Inc. and Autobrains revealed their business collaboration around a robotaxi program launch in Munich. This initiative brings together Uber’s ride-hailing platform, Autobrains’ Agentic AI technology, and NVIDIA’s DRIVE Hyperion computing platform.

Together, they plan to build an OEM-agnostic model that shifts autonomous ride-hailing from isolated operations to repeatable and expansive fleet infrastructure. While waiting for the government’s approval, they selected Munich as the first city to test this program because of its complex road networks, dense city streets, and a supportive regulatory environment.

Autonomy’s dependence on custom vehicles, heavy sensors, and complex architectures makes it very costly. As a solution, Autobrains’ Agentic AI is enabling real-time data, standard sensor integration, multiple specialized AI agents, and OEM-agnostic deployment.

Uber’s Global Head of Autonomous Mobility & Delivery, Sarfraz Maredia, highlighted that the real problem is not to develop these cars, but rather their integration into a commercial network. He sees the robotaxi program as a viable solution to this problem. He stated:

“For automakers and autonomy developers, the challenge is not just building autonomous vehicles – it’s bringing them into a commercial network where they can reliably serve riders at scale. This program creates a new path to do that by combining vehicle-agnostic autonomy, leading AI compute, and Uber’s ride-hailing platform.”

Uber Technologies Inc. creates and runs exclusive technology solutions globally. It offers riders a variety of transportation modalities like ridesharing, taxis, public transit, as well as advertising and financial partnership products. Its services portfolio also includes white-label delivery-as-a-service for retailers and restaurants, an on-demand platform to automate logistics, and transportation and logistics networks.

3. Alphabet Inc. (NASDAQ:GOOGL)

Alphabet Inc. (NASDAQ:GOOGL) is one of the 10 best electric and autonomous driving stocks to buy according to hedge funds.

On June 11, Alphabet Inc.’s subsidiary, Waymo, unveiled a nationwide TV commercial campaign geared towards addressing public doubts about self-driving cars as well as establishing itself amid stiff competition. Planned to air Friday on Fox’s FIFA World Cup, the ads focus on experience and safety, not technology. CMO Suzanne Philion noted that the campaign aims to show empathy by highlighting the human element behind the robotics. He stated:

“Many people have a healthy skepticism in the era of AI. I think it was a moment for us to showcase the humans behind the robots at Waymo, to showcase empathy.”

This nationwide marketing push comes after Waymo’s already existing local presence in the country, where it provides more than 500,000 trips each week in 11 metropolitan areas. Citing peer-reviewed research, Waymo highlights that the self-driving fleet is involved in 80% fewer injury-causing collisions than people driving in those same urban areas.

However, the company faces intensifying competition from rivals such as Tesla, Uber, Hyundai, and Amazon’s Zoox. The self-driving technology also continues to receive harsh criticism owing to its traffic jams and pedestrian accidents. The multimedia campaign will also utilize digital ads and billboards to gauge consumer demand in unserved cities.

Alphabet Inc. is a technology conglomerate that provides AI, advertising, cloud, internet, and hardware solutions to users around the globe. Some of its offerings include Android, Google Chrome, Gmail, Google Drive, Maps, Google Photos, and YouTube. The company enables in-app purchases, consumer subscriptions, and subscription-based AI services.

2. NVIDIA Corp. (NASDAQ:NVDA)

NVIDIA Corp. (NASDAQ:NVDA) is one of the 10 best electric and autonomous driving stocks to buy according to hedge funds.

On June 8, following a four-day visit to South Korea, Nvidia Corp.’s Chief Executive Officer Jensen Huang announced strategic artificial intelligence partnerships with six major domestic companies. These new partnerships focus on four main areas, which include advanced memory chips, human-like robots, self-driving cars, and massive AI data centers.

According to Huang, the company’s largest memory partner is still SK Hynix, and procurement is predicted to rise well above its current multi-billion-dollar levels. According to Ryu Young-ho, an analyst at NH Investment & Securities, this deal demonstrates a move toward customer-tailored memory for particular AI systems. Regarding Nvidia’s collaborative efforts with SK Hynix, Huang stated:

“SK Hynix has been Nvidia’s largest memory partner. SK Hynix will continue to be Nvidia’s largest memory partner.”

Furthermore, in 2027, SK Telecom intends to build a gigawatt-scale AI cloud using Nvidia technology. In order to focus on humanoid robotics and data center infrastructure, such as cooling, power distribution, and architecture design, the company also established a relationship with LG Group. In addition, Nvidia plans to build an AI Valley data center in Saemangeum and increase autonomous mobility, robotics, and AI manufacturing operations after talking with Executive Chairman Euisun Chung.

NVIDIA Corp. is a computing infrastructure company that has transitioned from PC graphics chips towards full-scale compute and networking solutions. It has now become a leading player within the AI and high-performance computing space. The company offers Data Center accelerated computing and networking platforms, along with automotive platforms and electric vehicle solutions.

1. Amazon.com Inc. (NASDAQ:AMZN)

Amazon.com Inc. (NASDAQ:AMZN) is one of the 10 best electric and autonomous driving stocks to buy according to hedge funds.

On June 4, Amazon.com Inc. outlined key strategic investments at its Delivering the Future event in London. The company committed to more than €10 billion to upgrade and grow its European fulfillment network by implementing cutting-edge robotics made to do physically taxing jobs.

This technology integration aims to move personnel into more specialized roles while also accelerating international deliveries. The company also announced the creation of ultra-fast delivery options in other international cities.

Moreover, through its Career Choice program, the company revealed plans for a substantial investment in staff upskilling. These broad initiatives collectively highlight the ongoing push toward improving overall operational efficiency.

Later on June 11, InterDigital (IDCC) revealed that it has established a patent license arrangement with Amazon.com Inc.. This will encompass Amazon’s devices and services, as well as Amazon Prime Video. Both entities have decided to settle all of their ongoing litigations and will initiate binding arbitration to establish the definitive terms of the new agreement.

Amazon.com Inc. is a technology company that is engaged in e-commerce, cloud computing, streaming, AI solutions, and tangible retail. It offers consumer retail, advertising, and subscription solutions through an extensive network of online and brick-and-mortar stores around the globe. The company also develops and sells electronic devices such as Kindle, Fire tablets, Fire TVs, Blink, and eero.

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