Full Bio J.B. Maverick is an active trader, commodity futures broker, and stock market analyst 17+ years of experience, in addition to 10+ years of experience as a finance writer and book editor. Learn about our Are Supplier Stocks a Better Way to Invest? Investors watching the EV market might do well to consider EV suppliers as well as EV makers. Major car companies continue to confirm their commitment to producing EVs. That bodes well for providers of EV components and the potential investor benefits: Diversification: Manage risk by spreading investments among various suppliers and makers in the EV sector. Value: If an EV maker is overvalued, Tesla suppliers' stocks may offer a smart investment alternative. Performance: The continued transition to EVs plus favorable government regulations and incentives can mean increased consumer demand, more EVs produced, and growth in the need for EV suppliers' products. While supplier competition will likely intensify given the opportunities in the EV market, there's also the potential for stars to emerge and reward investors. Who Is Tesla's Biggest Supplier? Some of Tesla's suppliers with substantial market capitalizations include Emerson Electric, Garmin, Danaher Corporation, and Nucor Corp. Who Are Tesla's Battery Suppliers? Tesla has plans to make its own batteries. A large supplier of the lithium required for these batteries is China's Ganfeng Lithium Co. Australian mining company BHP supplies needed nickel. Anglo-Swiss company Glencore provides cobalt. All three are Tesla suppliers. How Can I Invest in Tesla? Tesla is a public company whose shares trade on the Nasdaq under the ticker symbol TSLA. As such, you can invest directly in the company by purchasing shares through a broker or your online trading account. You can also invest in the company indirectly by buying shares of exchange-traded funds (ETFs) and mutual funds that have the company in their portfolios. The Bottom Line As one of the largest car manufacturers in the world, Tesla relies on a long and complex supply chain, with parts sourced from hundreds of different suppliers, from lithium mines to computer chip manufacturers. While the company has sometimes been secretive about its suppliers, other partners are well-known. Article Sources Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.