Shares of electrical vehicle makers have largely sold off this 12 months, following the trend of tech stocks. The Global X Autonomous & Electric Vehicles ETF has tumbled around 27% year-to-date, while leading EV maker Tesla’s losses have outpaced the broader market — diving around 32%. Rivian has declined much more — around 67% year-to-date. Nevertheless, one analyst is optimistic in regards to the planned energy transition — and that features EVs — calling it one among the “biggest” investment opportunities for the reason that web revolution. Here’s what George Gianarikas, senior analyst at Canaccord Genuity, says about buying EV market leader Tesla and younger upstart Rivian. Tesla — ‘Apple on steroids’ Tesla is the “clear leader” within the EV space, Gianarikas told CNBC’s ” Squawk Box Asia ” last week. On top of that, he sees the corporate as “greater than” Apple . “We see staggering similarities between Apple and Tesla, except Tesla is Apple on steroids. Each have leading industry margins and share of profits due to product focus and vertical integration; except we see Tesla’s manufacturing chops as a key differentiating factor,” he said individually in a report. Tesla has distinguished itself from Apple with its “maniacal focus” on manufacturing, whereas Apple has stuck to outsourcing, Gianarikas said. That might help Tesla retain its competitive edge as manufacturing competence will help it cut costs — even in an environment of accelerating costs, he told CNBC. He noted that Tesla has been directly sourcing minerals from mining partners for a while. “Tesla’s manufacturing gambits have nearly cost them the whole lot … but their unrelenting manufacturing focus has yielded tangible improvements in profitability,” he said. Gianarikas said Tesla is popping into “greater than an EV company.” The corporate can be involved in solar, energy storage and robotics businesses — which he said will add “duration and sturdiness to the Tesla growth story.” Gianarikas gave Tesla a buy rating and price goal of $801 — an upside of around 190%. That may be a significantly higher goal than those of other analysts covering the stock. Based on FactSet, 64% of analysts have a buy rating on the stock, and a median goal price of $307.27 — or a 12% upside. Rivian — a possible ‘leader’ Rivian, an EV startup, has been fighting supply chain issues , which have hit its production. But a recent partnership with Amazon has given it a much-needed boost. Amazon is about to purchase 100,000 custom-built electric delivery vans from Rivian , as a part of its move to affect its last-mile fleet by 2040. That followed a $700 million investment into the EV startup in 2019. “Not only has the connection with Amazon provided Rivian with capital and an initial order but strategically it has afforded Rivian immediate scale through which it may achieve several cost, manufacturing, and design benefits,” said Gianarikas. “Moreover, through the autonomous features, Rivian can improve upon its autonomous offering by gaining data/miles through the Amazon trucks on the road,” he added. Though it’s facing strong competition from fellow upstarts and established automakers, Rivian has differentiated itself, said Gianarikas. While traditional automakers use “disparate” technology from various sources, Rivian has designed most of its hardware and software, he said. “This full-field approach should drive product differentiation, enhanced customer support, and powerful margins,” he said. “Rivian has the ingredients to become a frontrunner within the EV and mobility marketplace.” He gave Rivian a price goal of $61, an upside of around 83%. Of the analysts covering the stock, 61% have a buy rating on it, with a median price goal of $56.80 — or 71% upside, in accordance with FactSet.