The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The trucks have been transporting freight between Dallas and Houston over that time. Those trucks include a backup driver in the seat and a software technician in the passenger seat. Further, it has been testing and operating autonomous trucks in the Dallas area since 2020. Waymo also operates an autonomous solution for long-haul transport called Waymo Via. ![]() In time, it’s entirely reasonable to assume that Waymo’s revenues could rival or exceed those of current, publicly listed ride-share firms. ![]() Passengers can then take Waymo vehicles around the cities. The Waymo app allows people in those cities to hail driverless taxis branded under the Waymo colors. If you are reading this from San Francisco or Phoenix, there’s a good chance you will have seen one of Waymo’s vehicles. However, Alphabet is an umbrella for many other ‘bets,’ including the aforementioned Waymo self-driving vehicle subsidiary. Its Waymo subsidiary benefits from its massive revenues through search and advertising and other tech products. It is the parent company that includes Google. Alphabet (GOOG, GOOGL)Īlphabet (NASDAQ: GOOG, NASDAQ: GOOGL ) is another smart investment in a stock that offers autonomous driving upside and more. The company intends to add $1 billion to its forward order book and open a manufacturing facility in Monterrey, Mexico. Q1 results were strong enough that the company was confident that it would meet or beat all milestones and guidance for 2023. It is a noble goal, and if Luminar achieves it, the company will grow wildly. It also hopes that the technology becomes advanced enough to have the predictive capability to prevent accidents entirely. In time, Luminar hopes that lidar will be standard on all vehicles. Essentially, it sends lasers out and, based on the time it takes for those lasers to return, builds a 3D picture of the surrounding environment. Lidar is an acronym that stands for light detection and ranging. The company is partnered with more than 50 firms globally and aims to eliminate vehicle accidents in the future. ![]() Luminar (NASDAQ: LAZR ) is an important lidar stock and company that provides solutions for level 3 through level 5 autonomous vehicles. The company grew by 15% in the first quarter based on sales and provided $146 million of net income to shareholders. The platform offers many other features that make parking much easier and automated. It allows passengers to be dropped off and then parks the vehicle in space and returns when summoned. ![]() It is essentially a suite of radars, vision sensors, and lidar that help the vehicle create a picture of the environment around it, enhancing safety.Īutomated parking is one of the more in-demand functions of Aptiv’s Gen 6 ADAS Platform. The company’s Gen 6 ADAS Platform is designed to work seamlessly with today’s software-defined vehicles. The company designs and manufactures a variety of automobile components and is a stable investment for autonomous driving enthusiasts.Īptiv is deeply involved in advanced driver-assistance systems (ADAS) that assist drivers both while moving on roads and in parking. Aptiv (NYSE: APTV ) is a Dublin-based firm and stock that sprung out of the now-defunct Delphi subsidiary of General Motors (NYSE: GM ).
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