Finance

Top 7 Car Stocks for a Self-Driving Future

top-7-car-stocks-for-a-self-driving-future



Self-driving and the car stocks involved are about to change the world in more ways than you might imagine. You won’t even own your own car in five years, it just won’t be worth it. I’ll show you the research behind autonomous vehicles, how it’s ready to change everything then reveal the seven self-driving car stocks to buy right now.

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Autonomous vehicles and ride-hailing is going to be a monumental shift in our daily lives. Research shows it could lower the cost per mile of transportation to less than a third of what it costs to own a car. That means, it will be more expensive to own a car rather than just use self-driving ride sharing taxis. That’s going to affect everything from parking to gasoline demand and will touch every industry in transportation.

It’s something you need to be ready for and need to position your portfolio ahead of the trend. In this video, I’ll share that research into self-driving cars and how it will change everything. I’ll show you the technology and who’s developing it. I’ll then reveal seven car stocks to buy and one to avoid.

Don’t miss these other videos in our Ark Invest Big Ideas series for the stocks you need to own for the biggest trends of the decade!
5 Fintech Stocks in my Favorite Growth Theme https://youtu.be/YNKLs-TQFDo
5 AI Stocks Changing our Lives for the Better https://youtu.be/bsXPTgtRp30
Two Ways to Value Bitcoin and Why I’m Investing NOW! https://youtu.be/hrTVtv-caiE
5 Space Stocks to Buy BEFORE ARKX Launches https://youtu.be/8gBefuwOUgE

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The average car spends 95% of the time parked. We only need our cars for a fraction of the day. That means, if your car has autonomous self-driving technology, it can be driving other people around when you’re not using it. In five years, we may only need a fifth of the cars on the road right now.

The technology is being developed in three strategies; camera-based, Lidar and infrastructure-based. The camera-based self-driving used by Tesla is faster to develop and scale but not as accurate as those using Lidar like GM and Waymo. That means Tesla could be the first to launch a nationwide autonomous ride hailing service but the other technologies could come along and eat into its market share.

For the car stocks to buy in this theme, it’s not just about Tesla or the car makers. You want to be watching the stocks at every step of the supply chain like software, hardware, infrastructure and auto makers. I’ll also reveal one car stock everyone is recommending except me, a popular stock that might fall behind because of the self-driving technology it’s developing.

My Investing Recommendations 📈

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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
#stockstowatch #stocks #stockstobuy

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38 Comments

  1. Let's Talk Money! with Joseph Hogue, CFA
    July 13, 2021 at 10:13 pm

    Check out these 5 Financial Technology Stocks in my Favorite Big Ideas Theme! Must watch! 🤑 https://youtu.be/YNKLs-TQFDo

  2. Duane McGoff
    July 13, 2021 at 10:13 pm

    do a video on best short-term stocks.

  3. Ana S.
    July 13, 2021 at 10:13 pm

    You are a great educator and well researched! Thank you so much for what you do its actually so beneficial to me, which is a "rare occurrence"
    Ii can believe your channel grew so super fast in a manner of weeks not to long a go I watched a video of yours and you only barely had subs. CONGRATS!

  4. Amazon Deals
    July 13, 2021 at 10:13 pm

    Msb is not a penny stock

  5. denis davidov
    July 13, 2021 at 10:13 pm

    For lidar stock check new spac cgro to merge with innoviz.

  6. Niklas Lehner
    July 13, 2021 at 10:13 pm

    I have been reading the daily bowtie for a few months and I can really recommend it! It’s concise, informative and surprisingly accurate in it‘s predictions.

  7. Steven Shumaker
    July 13, 2021 at 10:13 pm

    I have to say, I still don't truly understand why anyone would trade both experience and FREEDOM, for a robot car to cruise you around.

    Just thinking about saded me

  8. Framingham 508
    July 13, 2021 at 10:13 pm

    What is the best way to use paper trading? If you see the stock go way up? Do you buy or do you feel like you just missed out? GH has gone up over $20 since i added to paper trade side. I keep stalling to actually buy in

  9. Carlos Escarra
    July 13, 2021 at 10:13 pm

    Do a video on Best Renewable Energy Stocks!!

  10. MoneyManFernando
    July 13, 2021 at 10:13 pm

    Does anybody out there like : ASXC , BNGO , IBRX , LIT , PAVE , RLFTF ????????????

  11. OneFastDuster
    July 13, 2021 at 10:13 pm

    I went with Lidar because the military has used it successfully for many years to navigate.

  12. Frederick Willemssens
    July 13, 2021 at 10:13 pm

    Hi Joseph, I would like to see a video concerning the topic: – When is it time to take profit from your investments, or maybe just a part of the profit? When is it time to sell all the shares (or a part) of a certain stock and how would you balance that in your portfolio? We all agree we can't take that money to the next life unfortunately.
    There should be times to put all that energy and time you've invested, into joy, maybe spend some money.

    Thanks to your videos I'm beginning to have a good insight on stocks and when to buy or not to buy and the criteria that should meet a good stockportfolio.
    But there is the other side as well, the "enjoyment" part I would say, I think a lot of people would be interested in this kind of info as well. 🙂

  13. Erik Runge Madsen
    July 13, 2021 at 10:13 pm

    Sorry i dont believe in selfdriving cars within the next decade. The user behavior is going to a nightmare to figure out. What i do believe in is selfdriving truck-trains on highways within 5 years. user scenarios and challenges are smaller and by making trains of trucks with only a driver in the lead vehicle you reduce the cost of cargo delivery immensly.

  14. Cynthia Pamela
    July 13, 2021 at 10:13 pm

    No 1: Don't Only Hope On Government's Responds On security Matter's And Economy growth.

    No 2: As An Individual You Should Be Safeguarded And Also Look For Different Self Business And Trade Not Only Waiting on Betterment of Stock market activities.

    No 3: Most Important Always Save The Little You Can And Think Of What To Do With It When It Become Good For Capital.

    It's 100% Good To Have Different Ways To Gain Income

    Because Government Have Failed us In Aspect Of Security, Economics Activities And Other Trading Systems.

  15. Annette Ryan
    July 13, 2021 at 10:13 pm

    Joe, I really must caution you & your viewer's concerning the volatility of the Stock Market & future investments, as the Fed is pumping-up the Market keeping it on life support!
    This bubble is perilously in danger of bursting and I believe it would be an injustice to your viewer's to encourage any further investments given the ominous signs currently developing.

  16. Maher Z
    July 13, 2021 at 10:13 pm

    Thank you Joseph for your work and what you do for the community. Can you do a video on what stocks that will flourish with the President Infrastructure and EV plans

  17. Justin Viewing
    July 13, 2021 at 10:13 pm

    If I'm adding a new pie to my M1 should I rebalance the whole portfolio ?

  18. Stephen Connors
    July 13, 2021 at 10:13 pm

    Hey Devil Dog, I really love your channel!!! Thanks. You do awesome work.

  19. Charlton Heston
    July 13, 2021 at 10:13 pm

    Can't lose with GM… government will bail them out again

  20. Gavi Steele
    July 13, 2021 at 10:13 pm

    Check out FRSX for EV…total sleeper and its gonna be HUGE

  21. Guandong Mai
    July 13, 2021 at 10:13 pm

    price is not right!VLDR is 11.40 now.

  22. fullerton childcare
    July 13, 2021 at 10:13 pm

    Thanks for this video…I already own VLDR prior to the 30% drop in price. I think it is a strong buy, and am trying to buy more in the interim. BTW, I read the DBT every night – thank you

  23. Tactician-8
    July 13, 2021 at 10:13 pm

    $BB will make me rich in 2-3 years

  24. Michael Wescott
    July 13, 2021 at 10:13 pm

    The good thing about a TSLA camera based system, is that it can be used anywhere without a lot of other tech support. This means it has a much higher chance of getting a military contract. A camera based system mounted on trucks and shuttling food/fuel/bullets can operate in a highly changing environment that doesn't depend on GPS signals (easily jammed), radio infrastructure that you talked about for BIDU or put off a whole bunch of LIDAR signals which are easily get detected.

  25. Alexandre Johnson
    July 13, 2021 at 10:13 pm

    People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in bitcoin

  26. koleab
    July 13, 2021 at 10:13 pm

    Luddite I may be, but this is by far not the 1st article on this theme in the last year. Here are the problems with the projection:
    1)currently taxis charge 100$ or more to take you 10 miles(hence rise in Uber).
    2.Uber/Lyft now have "peak hour fees, that are almost the same price as taxis.
    *hint: SEE #1 &2 = NEVER BEING 25 CENTS/MILE FOR CONSUMERS
    3.Your car=your freedom. Gov't and pick up = you wait, or go without oir never get there on time
    4.EVs do not generate their own electricity. You have to get it from somewhere else…try all the3 charges added to home energy. AND wind/solar are not reliable and even go to"0" often with the whims of Mother Nature. "free charging stations are click bate.
    5.Last, where is the solution for(even in my city with 600K fx) what to do with 100s millions gas powered extinct cars?

  27. Mai Nguyen
    July 13, 2021 at 10:13 pm

    OMG. You are a gem and your picks are out of this world. At the beach right now. Invest tomorrow though. 😀

  28. Peter Ramos
    July 13, 2021 at 10:13 pm

    Just subscribed!

    You do an awesome job!!

  29. Nolan
    July 13, 2021 at 10:13 pm

    Bow Tie Nation to the moon!

  30. melvin baker
    July 13, 2021 at 10:13 pm

    make sure you you your own money to invest if your going to make videos and not patreon. thanks nice video

  31. Ari G
    July 13, 2021 at 10:13 pm

    What do you think of AEye lidar merging through SPAC called CFAC?

  32. Climax Motorsport
    July 13, 2021 at 10:13 pm

    Hi Joe
    Any thoughts on Foresight Autonomous FRSX… love to hear what you think!

  33. julian dario prada bedoya
    July 13, 2021 at 10:13 pm

    is anyone still holding Nexe Innovations?

  34. sagig72
    July 13, 2021 at 10:13 pm

    Good video. GM !

  35. Erick Corniel
    July 13, 2021 at 10:13 pm

    Hey, Someone forgot about NIO..🚀🚀

  36. Life of Bliss
    July 13, 2021 at 10:13 pm

    Really looking hard at that VLDR stock… It's hovering around $11.50 right now. Question, does the class action lawsuit against them make you have any reservations with your assessment? Thanks Joseph!

  37. Justin P
    July 13, 2021 at 10:13 pm

    Thanks for the video. FYI, while Tesla doesn’t have lidar devices physically mounted on their vehicles, I believe they still use lidar data. They have vehicles that they drive around with physical lidar systems. They then take that data and use AI to simulate lidar in their vehicles. The computer doesn’t know the difference.

  38. EK P-G
    July 13, 2021 at 10:13 pm

    Hi @Let's Talk Money!
    Why isn't eV cars companies looking into possibilities for WNDW transparent solar panel in glass? I would live to see this in cars and on all skyscrapers and buildings…heck even homes.