1 Surprising Stock to Buy Before the Autonomous Vehicle Revolution Takes Off
This company could prove essential to the proliferation of self-driving cars on our streets.
Autonomous vehicles are getting easier to find on the streets in several major cities in the United States. As a handful of companies are testing their self-driving cars in select cities, Alphabet's (NASDAQ: GOOG)(NASDAQ: GOOGL) Waymo has pulled ahead of the pack with a commercial service. The company said it completed 200,000 rides per week as of February, doubling in just six months.
Tesla (NASDAQ: TSLA) could be next in line, with plans to launch a robotaxi service in Austin, Texas, this summer. Much of its value as a company stems from the high expectations investors have for its potential service.
As more and more companies develop autonomous vehicles and get them on the streets, one company is head and shoulders above the rest. And it might surprise investors to learn which one stands to benefit the most from the self-driving revolution.
