Stocks with Great Potential in the Autonomous Vehicle Segment These stocks are involved in exploiting the massive potential of autonomous vehicle technology.
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Success in online stock trading depends a lot on keeping your eyes open for emerging technologies and trends that could define the success of businesses in the concerned fields, and their resultant stock performance. Tech stocks rise when their companies invest in technology that could rule the future. One such area of opportunity is driverless cars. It’s a great opportunity for investors as well since autonomous cars form a vastly untapped area of the market. The potential is great, particularly for those companies that have learned more about this and gained more expertise than others. The few driverless car tech stocks that are out there could really be worth it this year. In this article, by “driverless car tech stocks” we refer to technology companies and car manufacturers involved in developing technology for driverless cars. Let’s start with MobilEye ($MBLY). MobilEye’s Indispensable Technology for Driver Assistance MobilEye is an Israeli company based in Jerusalem that manufactures the vital cameras necessary for driver assistance systems. MobilEye products are being used in around 220 car models. The really interesting news is that $MBLY has announced a partnership with Intel and BMW for developing an autonomous vehicle platform back in July 2016. The project is expected to deliver results by 2021. Later, it also partnered with car systems manufacturer Delphi Automotive to create a self-driving, plug-and-play platform by this year. This platform will be available for automakers to incorporate in their vehicles. All these deals make $MBLY ready for some good times. It has revealed a 34% increase in year-overyear quarterly revenue. It follows an asset-light business model. The news of its revenue increase has sent its stock soaring 27%. Alphabet’s Significant March in Driverless Car Technology A company always looking for opportunities is Alphabet ($GOOG, $GOOGL). Its driverless car project has been well known, and it has spent over $60 million for it. Its familiar white autonomous car prototypes have already completed 2 million road miles. Alphabet is so serious about this that it has channeled its autonomous car efforts to its spinoff business, Waymo. But Waymo has revealed that manufacturing autonomous cars is not what it’s interested in, but rather transferring the invaluable technology it has developed to commercial vehicles. Waymo’s fleet will soon have 100 Chrysler Pacifica Hybrids. Alphabet has gained vital information in this technology and could well define the course of autonomous cars. Tesla Motors These stocks are at the forefront of car automation technologies. We also know that Tesla Motors ($TSLA) is a company firmly believing in autonomous driving, having incorporated the autopilot feature in its electric cars. However, the driver fatality caused by autopilot failure in one of Tesla’s cars in 2016 has been a setback. It has recently merged with SolarCity for $2 billion with the idea of benefiting from the synergies. There are vast opportunities for the company in the renewable energy-powered automobile market.
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Some investors aren’t sure though, on whether they can be bullish on the way the company is currently heading with its expanding functionalities, but it certainly is an autonomous vehicle stock with great potential.
www.tradezero.co
+1.954.944.3885