Want to Invest in Self-Driving Cars? These Are the 2 Stocks You'll Want to Own
Two leaders are emerging in autonomous driving and they may not be the companies you first think of in that space. Alphabet's (NASDAQ: GOOG) Waymo subsidiary and General Motors' (NYSE: GM) Cruise are both going to start sending out their test vehicles unmanned by the end of the year, pulling the backup drivers that have been a staple thus far.
Dozens of automakers from Tesla (NASDAQ: TSLA) to BMW have been adding driver-assistance features that are leading toward autonomy, but none have reached fully autonomous functionality yet. And most automakers haven't put their prototype systems through their paces in millions of miles of real-world road tests with only an emergency backup driver, so Waymo and Cruise are ahead of the pack in that respect. Now that those drivers are being pulled, the two giants can really begin to build their fully autonomous business models, and that's where the true innovation is going to take place.
Image source: Cruise.
Source Fool.com
