The Best Reason to Own General Motors Stock
General Motors (NYSE: GM) isn't just an automaker anymore, it's an owner of one of the most advanced autonomous driving companies in the world. The company's majority stake in Cruise isn't just a strategic investment; it could become the biggest value driver for investors over the next decade or more.
If autonomous driving is truly a viable technology that customers will trust, there's no reason autonomous ridesharing can't replace a significant chunk of vehicle ownership. Owning a vehicle with autonomous features seems like owning an airplane when renting a seat to get from Point A to Point B is cheaper and less of a headache. And as a believer in the future of autonomous ridesharing, I think GM could be an absolute home run auto stock for investors.
Image source: Cruise.
Source Fool.com
