Tesla, Plug Power, Nio: Here Are Some Major Electric Vehicle Stocks for Options Traders

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Automaker stocks like General Motors and Ford Motor have jumped in the last month as they shift toward electric vehicles. Many other stocks, including Tesla, are completely focused on electric vehicles.

Below is a list of actively traded EV companies, especially those with heavy options volume. Some are manufacturers. Others focus on power technologies like fuel cells and batteries. Many of the companies have negligible revenue because they’ve yet to commercialize large numbers of products. These may prove more speculative.

This list is for educational purposes only and shouldn’t be considered recommendations. Customers may find this interesting for a few reasons. First, automakers have outperformed in the last month. Second, Congress is still working on an infrastructure package that may include incentives for electric cars. Third, China has revived its push for renewable energy. Fourth, the recent spike in gasoline prices may increase interest in alternate fuels.

The table below identifies EV stocks with their average option volume over the last month. Yearly revenue and a business description are also provided.

CompanyAverage
Options
Volume
RevenueBusiness
Tesla (TSLA)1.1mln$42BEV manufacturing
Ford Motor (F)360,000$136BAutos, including EVs
Nio (NIO)237,000$4BEV manufacturing
General Motors (GM)117,000$140BAutos, including EVs
QuantumScape (QS)99,000N/ABatteries
FuelCell (FCEL)96,000$73MNatural-gas fuel cells
Plug Power (PLUG)89,000N/AHydrogen fuel cells
Workhorse (WKHS)50,000$3MEV development
Fisker (FSR)44,000N/AEV development
Nikola (NKLA)37,000N/AEV development
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