Two years ago, driverless cars seemed to be more of a science fiction plot, and traditional internal combustion engine automakers didn't have a strong sense of crisis. Who would have thought that the automotive industry is now undergoing the largest structural shift in decades, with automakers taking full electrification and autonomous driving. It is conceivable that this trend will spawn a large number of U.S. self-driving car stocks.
Want to take advantage of this investment opportunity? The following 7 U.S. self-driving car stocks must not be missed.
Tesla Tesla Inc (TSLA)
Ford Motor (F)
General Motors (GM)
Alphabet Inc（NASDAQ:GOOG）（NASDAQ:GOOGL）
Intel (NASDAQ:INTC)
Texas Instruments (NASDAQ:TXN)
ChargePoint Holdings, Inc.（NYSE:CHPT）
U.S. Self-Driving Car Stock 1: Tesla
Earlier this month, Tesla Tesla Inc (NASDAQ:TSLA) pushed the Full Autopilot (FSD) beta 10.9 software update. Although the safety of the software is still questionable, it is also a free publicity for autonomous driving. From a purely technical point of view, competitors like Waymo are more ahead in the development of fully autonomous driving capabilities, but Tesla's software has a huge brand blessing, and Musk is also a master of bad criticism conversion, good at turning negative criticism into positive results for shareholders. Admittedly, the high valuation of Tesla stock is hard to accept, but we can't talk about autopilot without talking about Tesla.
U.S. Self-Driving Car Stock 2: Ford Motor
Ark Invest's "Wooden Sister" recently said ford motor Ford Motor (NYSE:F) and General Motors are real bubble stocks, on the basis that replacing the market with electric vehicles will cause sales of the two traditional automakers to plummet. Ford, though, won't sit still. At the 2021 Investor Day conference, Ford detailed the company's electric vehicle plans, including that 40% of the company's sales of cars will be electric vehicles by 2030, $30 billion in electrification over the next 5 years, and the development of IonBoost batteries. Specific to self-driving cars, Ford has launched driverless cars in conjunction with Lyft Inc. (NASDAQ: LYFT) and Argo AI (a joint venture between Ford and Volkswagen). Argo cars are currently being tested in several cities including Austin, Detroit and Palo Alto.
U.S. Self-Driving Car Stock 3: General Motors
In the race for driverlessness, General Motors (NYSE:GM) went further than Ford. For years, the company's investment in driverless subsidiary Cruise has not stopped. Cruise is currently valued at $30 billion and has received funding from companies such as Microsoft Microsoft (NASDAQ:MSFT), SoftBank Group (OTC:SFTBY) and Honda Motor (NYSE:HMC). At the same time, GM's current market capitalization is only $90 billion, and if you deduct Cruise, you only have $60 billion left, while the company's net profit last year exceeded $10 billion, and the static price-earnings ratio is only 9, and the deduction of Cruise is only less than 6.
U.S. Self-Driving Car Stock 4: Alphabet
U.S. tech stocks, including FAANG stock, have plummeted recently, and Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOGL) is no exception, with the stock down $400 from its recent high, making it a good buying point. Search remains the main driver of the tech giant's financial performance, but future growth could depend on driverless car company Waymo. Google has built thousands of Waymo cars that have collectively driven more than 20 million miles on public roads, accumulating into a treasure trove of real-world data. How Waymo will monetize in the coming years is unclear, but one possibility is self-driving ride-hailing services, which will lead to huge profitable growth.
U.S. Self-Driving Car Stock 5: Intel
Like Alphabet, Intel (NASDAQ: INTC) also offers investors "optionability." Specifically, the value of Intel stock doesn't come primarily from autonomous driving, but the latter offers shareholders a cheap "call option" for future innovations. In 2017, the company acquired mobileye, a self-driving technology company, for $15 billion and is currently preparing for the company's initial public offering (IPO), valued at $50 billion. Intel can use the proceeds from the IPO to buy back shares, raise dividends, or fund other investment projects, making it a windfall for shareholders. Intel stock currently has a price-to-earnings ratio (estimated earnings for 2021) of just 11. Once Mobileye is successfully listed, the stock price is also expected to rise.
U.S. Self-Driving Car Stock 6: Texas Instruments
Texas Instruments Texas Instruments (NASDAQ: TXN) takes an Intel-like path, a diversified semiconductor company that devotes a lot of energy to the automotive sector. The company's focused analog chips sense real-world information such as weather conditions and turn it into digital output, which is critical to growing applications such as the Internet of Things (IoT). All of these remote monitoring and security applications will require a large number of analog chips, especially in the automotive industry. To navigate safely, self-driving cars require massive amounts of data entry. In addition, Texas Instruments is also a leader in automotive entertainment unit chips. Once fully autonomous driving is achieved, the requirements for in-car screens and equipment will also be greatly improved, and Texas Instruments will benefit from this trend.
U.S. Self-Driving Car Stock 7: ChargePoint Holdings
In addition to automakers and semiconductor companies, charging device companies are also self-driving car concept stocks. Driverless cars are good, but current battery technology limits their range. With ubiquitous, seamless charging, driverless cars like robo-taxis can be very conveniently powered without having to return to base frequently. This will increase the efficiency and penetration of electric autonomous vehicles. ChargePoint Holdings Inc (NYSE: CHPT) is the leading company in the charging space and is growing rapidly. Charging is likely to be a market where the first-mover advantage is obvious, and ChargePoint already occupies a good position
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