#299: What Autonomous Driving Stocks You Should Buy (and Tesla Isn’t One) (w/ Derek Reilly)
About this episode
Derek Reilly discusses the leading players in the autonomous driving market and their potential for investment.
There are three princes in the autonomous taxi race: Google’s Waymo, Tesla, and Amazon’s Zoox. But who will win and claim the crown? All the smartest investors want to know. Luckily for them, this week Derek Reilly drops by Stock Club, fresh off the CES trade show, where he saw the latest self-driving tech. Derek believes Waymo is the gold standard, having achieved Level 4 autonomy thanks to its use of lidar, radar, cameras, and sophisticated mapping. With its expansion focused on dense urban areas, he thinks adoption will look like a hockey stick. But hot on its heels is Zoox, Amazon’s purpose-built autonomous vehicle (imagine a fridge on wheels). While Tesla may have been first to market, Derek feels its decision to forgo lidar could undermine its safety and performance. Skipping lidar may have made its system cheaper, easier to scale, and sleeker in design—but using multiple sensors helps ensure performance regardless of conditions. When it comes to seeing any of these providers on the streets of Ireland, it will likely be a few years yet. The United States is an easier testing ground, with standardized road signs and lenient regulations. The same cannot be said for the EU…
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