Morgan Stanley say EV batteries are the "new oil". Here are the stock picks

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VIEW IN BROWSER | SUBSCRIBE MY ACCOUNT Morgan Stanley says batteries are the 'new oil' The global battery economy is the "new oil" and will reshape century-old supply chains while establishing a new industrial order, according to Morgan Stanley. Much of the attention surrounding electric vehicles focuses on the car companies themselves — Tesla, Lucid, Rivian, etc. — but there are many more ways for investors to capitalize on the burgeoning industry.    The firm estimates that the total addressable market for EV batteries will hit $525 billion by 2040, amid a sharp jump in EV sales driven by technological advancements and supportive policies. ESG factors will also boost sales.    Become a member of CNBC Pro to see which stocks Morgan Stanley believe will benefit from the EV battery supply chain. See the Stocks     Get top stock picks with Pro CNBC Pro gives you premium access to money-making ideas including daily stock recommendations, stock market trend analysis including commentary from leading Wall Street professionals, and all-access to CNBC Live Business TV. Become a Member       Here are the top CNBC Pro stories today exclusive for our members!   Fundstrat's Tom Lee expects a 'buyable dip' in stocks before December rally WED, NOVEMBER 17 2021   Mohamed El-Erian says there are 'massive opportunities' for some investors right now WED, NOVEMBER 17 2021   Batteries are the 'new oil' says Morgan Stanley — Here are stocks for every part of the supply chain THU, NOVEMBER 18 2021   Here are Thursday's biggest analyst calls of the day: Amazon, Deere, Square, Uber & more THU, NOVEMBER 18 2021   Joe Terranova's quality momentum ETF is outperforming a year after its launch. Here's where it's headed next WED, NOVEMBER 17 2021   Best trades on CNBC Wednesday: Cramer breaks down 'big box' stocks, Tom Lee's S&P 500 target and Art Cashin's short-term market concerns THU, NOVEMBER 18 2021     Pro Sections PRO NEWS CNBC Pro's latest news | Read now STREET CALLS Wall Street's biggest calls | Read now PRO VIDEOS Exclusive CNBC interviews | Watch now FOLLOW THE PROS Follow top investing Pros | Read now   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS