Electric vehicle stocks are rarely just about cars anymore. The same silicon that powers a motor, manages a battery, and reads a road is now showing up in robots, and that overlap is exactly what Brownstone Research is leaning on in its “Elon Musk’s NEW AI Masterplan” pitch.
The pitch promises three “secret” stocks that could “unleash enough wealth to make every household in America $2.38 million.” Its applications leg is a company with deep electric-vehicle roots, onsemi, and the argument is that an EV supplier today is a robot supplier tomorrow. Here is how that logic holds up.
Electric Vehicles as a Chip Story
An electric vehicle is a rolling power-electronics platform. Every motor, charger, and battery system needs silicon that can switch large currents quickly and precisely, and that means EVs carry far more semiconductor content than a gasoline car ever did. That shift turned companies that sell power chips and sensors into quiet winners of the electrification trade.
For investors hunting electric vehicle stocks, the lesson is that you do not have to own an automaker to own the theme. The suppliers, the chipmakers and sensor makers, capture a share of every vehicle sold, often with steadier economics than the carmakers themselves.
Where onsemi Fits the EV Supply Chain
onsemi is the second-largest power chipmaker in the world and one of the biggest suppliers of image sensors to the automotive market. Its silicon goes into electric-vehicle drivetrains, automotive safety systems, and industrial energy infrastructure, which means it touches the EV story at several points at once. The ad makes the connection explicit, pointing out that onsemi is “already supplying Tesla with a key piece of sensor technology.”
That relationship is real, and it anchors the pitch. But it is worth remembering that the EV franchise is not new. It has been the company’s core business for years.
The 2021-2022 Lesson
Here is the part the presentation skims over. In 2021 and 2022, onsemi was the hot electric-vehicle story, and the stock got well ahead of itself before giving most of those gains back. Its earnings per share today are about half of what they were at that peak, and the share price is roughly where it was five years ago.
That history matters because it is a reminder that semiconductor demand is cyclical, and a compelling narrative can run ahead of the fundamentals. An investor buying an electric vehicle stock today is buying a cyclical business at a point in the cycle, not a one-way ticket. The thesis is real, but the timing is everything.
From Cars to Robots
The Masterplan’s twist is that the EV franchise can extend into robotics. The argument is that the same power and sensing silicon that runs a car can run Tesla’s Optimus humanoid robot, which will need chips to move efficiently, stay cool, and run longer without recharging. That is a plausible step, and it is the core of the physical AI story the editor is telling.
The mechanism is sound. Robots will genuinely need enormous amounts of power silicon. The gap is that the Optimus program is still years away from shipping in volume, so the robot catalyst is a future option rather than a current reality.
The Fine Print Worth Reading
Two numbers in the ad deserve a second look. The claim that a chip-equipment maker could be “on the receiving end of up to $500 billion in 2027 alone” is aimed at ASML, not onsemi, and it does not survive contact with reality, since ASML’s annual revenue is only about $30 billion. The “39 hedge funds are investing” line is filler, not a signal.
For onsemi itself, the honest picture is a quality franchise trading at about 18 times forward earnings with a roughly $28 billion market cap. The tease price of $71.67 simply matches the current price, so this is a re-pitch at today’s level rather than a fresh discovery. That is the kind of fine print worth reading before you treat an electric vehicle stock as a robot bet.
The other reason the supplier layer keeps winning attention is content growth. An electric vehicle carries far more power semiconductor content than a gasoline car, and that content rises again with every jump in range, charging speed, and driver assistance. That is a structural tailwind that does not depend on any single automaker winning. It is why power chip and sensor makers have been among the more durable ways to own the electrification theme, and why the pitch tries to stretch that same logic one step further into robots.
There is a practical takeaway for anyone browsing electric vehicle stocks today. The automakers grab the headlines, but the supplier names that sell into every brand, regardless of who wins, have historically been the steadier way to hold the theme. That is the position onsemi occupies, and it is the position the Masterplan pitch is trying to stretch into a second act in robotics.
Ready to see the research? Click here to view the Elon Musk’s AI Masterplan presentation.
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