Tesla gets a vast majority of the attention in the autonomous driving space, but there are a lot of other companies vying for market share long term. Alphabet‘s subsidiary Waymo is one of the market leaders, and Niro is already delivering pizzas autonomously in Silicon Valley. But the company I think we’re underestimating is General Motors and its subsidiary, Cruise.
Cruise is already offering fully autonomous ridesharing in the San Francisco area. And GM is supporting Cruise, which it has a majority ownership position in, by manufacturing the Cruise Origin and extending $5 billion in credit for Cruise to build out its fleet. Cruise’s value alone may make GM stock undervalued.
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