Bloomberg Opinion columnist Matthew Iglesias wrote a great piece on June 30 about the far-too-cautious approach of the U.S. when it comes to robotaxis and autonomous vehicles.
It got me thinking about the best autonomous vehicle stocks. The article starts with the author talking about his first drive in a Waymo driverless car in the area around the Georgetown neighborhood in Washington, D.C.
The 15-minute ride, which included the vehicle navigating fire trucks, was flawless. While Waymo is in a handful of U.S.
cities, Baidu (NASDAQ: BIDU ) operates a much larger fleet across many more cities. Essentially, the Chinese are opting for more data quickly to make autonomous driving even safer in the years ahead. These observations by Iglesias are helpful for anyone looking to invest in the best autonomous vehicle stocks.
They suggest investors ought to focus their investments on Chinese companies and other non-domestic industry participants. Here are the three best autonomous vehicle stocks to buy. Baidu (BIDU) The beauty of investing in Baidu is that you get so many different revenue streams in addition to its autonomous vehicle business that you almost don’t have to worry about setbacks in the technology as you would if it were an independent pure-play.
Baidu Core accounts for about 70% of its revenue, with three segments: Mobile Ecosystem, AI Cloud and Intelligent Driving & Other Growth Initiatives accounting for this revenue. The third segment includes its Apollo Go autonomou.
