Electric and self-driving automobiles are quickly taking over the world stage. Tesla, Ford, Google, and General Motors are just a few of the industry’s main players. By then, electric and self-driving automobiles may be on the road. In the near future, governments in the United States will prohibit the sale of gasoline-powered automobiles. Between 2020 and 2024, the market for self-driving vehicles is predicted to increase at a CAGR of nearly 21%, reaching 5.64 million units. There has been a list produced of the finest self-driving car stocks to invest in. Hedge fund popularity, fundamentals, analyst ratings, and future development prospects based on core business qualities were used to identify the stocks. Some of the stocks on the list have already been added.
Insider Monkey looks at the 10 best self-driving car stocks to invest in. Luminar Technologies, Inc. is a firm that develops automotive sensors and software. Autonomous vehicles use the company’s technology and lidar sensors. It comes in at number ten on the list of the best self-driving vehicle stocks to buy. Toyota Motor Corporation is a Japanese automaker that makes cars, minivans, and trucks. Chauffeur is the name of the company’s self-driving software. Toyota’s stock has risen 15.48 percent in the last six months and 15.51 percent for the year. Ford Motor Company plans to begin its self-driving commercial vehicle division next year. On the list of the top self-driving vehicle stocks to buy, the company is ranked eighth. Ford Motor Company is up 69.61 percent in the last six months and 75.59 percent for the year. Aptiv PLC is ranked seventh among the top self-driving car stocks to buy. The business makes and distributes automobile parts all over the world. Its revenue of $4.02 billion, up 24.71 percent year over year, was $342 million higher than expected. On the list of the top self-driving vehicle stocks to buy, Tesla, Inc. is ranked sixth. By the end of the year, the business expects to have fully self-driving technology with Level 5 autonomy. In the last six months, Tesla’s stock has increased by 3.41 percent. For more details, click 10 Best Self-Driving Car Stocks to Invest In.
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