iTechGuides is reader-supported. When you buy through links on our site, we may earn an affiliate commission. As an Amazon Associate I earn from qualifying purchases. Learn more
You can invest in electric vehicles without buying Tesla shares by choosing individual stocks in other parts of the EV industry or by buying a thematic fund—but a fund’s name does not guarantee it excludes Tesla. Check the issuer’s latest complete holdings before investing, and repeat the check because holdings can change.
Choose between individual stocks and a thematic fund
There are two broad routes to EV-related exposure. Neither guarantees a particular return, and the right fit depends on what kind of exposure you want and how much company-specific risk you are prepared to take.
Buy shares in individual companies
You can research publicly traded companies other than Tesla across the EV supply chain: automakers, battery-material and cell producers, power-electronics and motor suppliers, charging-infrastructure businesses, and grid or energy-system firms. A company may participate in the EV industry without being a pure-play EV business, so check its filings and business mix rather than relying on a label.
Shares can generally be bought through a brokerage account. In the United States, some companies also offer direct stock plans. Investor.gov notes that these plans may have fees or minimums and may execute purchases at set times rather than at a time or price you choose. Read Investor.gov’s guide to direct investing and review the plan’s terms before using one.
#1 Best Overall
- Vehicle Expense Record Book, NOT for tracking mileage
- Entry fields for miles driven, gasoline, oil changes, parking and tolls, repairs, washes and more
- Two page layout allows you to track expenses by day for 12 months
- Monthly and annual summary pages in the back for accurate record keeping
- Includes a space for logging miles and time driven
Buy a thematic fund
An EV-themed ETF can hold a basket of businesses, but the basket may extend beyond vehicle manufacturers. Depending on its mandate, it can include components, materials, autonomous-driving technology, connected transportation services, or energy systems. A fund can therefore provide broader transportation exposure than its name suggests—and may have limited exposure to automakers.
Do not treat a fund as Tesla-free unless its latest complete holdings show that it holds no Tesla shares. Top-holdings summaries alone may not be enough to verify an exclusion. Check the issuer’s full portfolio disclosure and revisit it periodically.
What the cited fund filings say
The filings below describe investment mandates, not verified Tesla exclusions. The cited materials do not establish that any of these funds is currently Tesla-free. Check each issuer’s latest holdings file and current prospectus before making a decision.
What’s actually slowing this PC down?
Pick the symptom - the matching free tool is one click away.
| Fund | Mandate described in the filing | What to check |
|---|---|---|
| Global X Autonomous & Electric Vehicles ETF (DRIV) | Seeks to track the Solactive Autonomous & Electric Vehicles Index. Eligible themes include EV and hybrid vehicle makers and components, materials, autonomous-driving technology, and connected transportation services. | Latest complete holdings for Tesla; current prospectus and fee; index rules; concentration and turnover; bid-ask spread and any market-price premium or discount to net asset value. |
| Fidelity Electric Vehicles and Future Transportation ETF (FDRV) | Tracks an index of companies involved in electric or autonomous vehicles and related components, technology, energy systems, or other initiatives changing transportation. The filing describes a global universe subject to liquidity and investability requirements. | Latest complete holdings for Tesla; current fee; country and sector exposure; concentration; index rules and trading costs. |
| Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV) | Seeks twice the index’s daily performance. Its prospectus describes it as riskier than alternatives without leverage because it magnifies daily performance. | Understand the daily leveraged objective and its distinct risks; do not treat it as equivalent to a conventional, unleveraged thematic fund. |
DRIV’s SEC-filed summary prospectus dated April 1, 2026 reports total annual operating expenses of 0.68%. That figure is specific to that fund and filing date; check the current prospectus for updated terms. The same prospectus explains that ETF investors may incur costs through bid-ask spreads and may pay a market price above or below net asset value. Read DRIV’s April 1, 2026 summary prospectus.
FDRV’s filing describes its global investment universe and related transportation themes; it does not by itself confirm current holdings or a Tesla exclusion. Read the FDRV prospectus.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Verify a fund before investing
- Open the issuer’s latest complete holdings file. Search the full portfolio for Tesla, rather than relying only on a list of top holdings. Confirm the file’s date and repeat the check over time.
- Read the mandate and index methodology. Find out how companies qualify, what counts as EV or future transportation exposure, and how positions are weighted. Broad criteria can include technology, services, materials, or energy businesses—not just automakers.
- Review concentration and turnover. Inspect the holdings and the fund’s disclosures to see whether exposure is concentrated in a small number of companies or changes frequently.
- Compare ongoing and trading costs. Check the current annual expense figure, then consider the ETF’s bid-ask spread and whether its market price is above or below net asset value. These trading costs are separate from the operating expense ratio.
- Check country and account availability. Confirm that the fund or shares are available through your account and that you understand the rules and tax treatment that apply where you live.
Investor.gov’s bulletin on ESG funds explains why investors should look beyond a fund’s name and review its strategy, holdings, and risks; the same practical caution applies when evaluating an EV-themed label. Read the Investor.gov fund bulletin.
Why a daily 2x EV fund is different
EVAV’s stated objective is to deliver twice the index’s performance for a single day. That is a daily leveraged objective, not a promise of twice the index’s return over a longer holding period. The prospectus warns that leverage magnifies daily performance and makes the fund riskier than non-leveraged alternatives. Read the product’s current prospectus and make sure you understand its objective before considering it. Read EVAV’s February 28, 2025 summary prospectus.
Do these 3 things before closing this tab:
1Repair Windows errors before they cause bigger problems2Scan for outdated or missing drivers - takes under a minute3Clear out junk files and repair common Windows errorsAccount for your location
The cited regulator guidance and filings are U.S.-focused. If you live elsewhere, verify local listings, fund availability, investor protections, account rules, and tax treatment with sources relevant to your country.
Quick Recap
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
