Munster Picks FAANG Heavyweight Along With Tesla As Top Winners In Self-Driving Race: 'It's A Function Of Time'
Portfolio Pulse from Shanthi Rexaline
Gene Munster, Managing Partner at Deepwater Asset Management, has identified Tesla, Inc. (TSLA) and Alphabet, Inc. (GOOGL) as the two companies that stand to benefit most from the adoption of autonomous driving. Munster's comments came on the same day that the California Public Utility Commission approved General Motors Corp.'s (GM) Cruise and Alphabet's Waymo to operate more vehicles autonomously 24/7 in San Francisco.
August 11, 2023 | 7:50 am
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POSITIVE IMPACT
GM's Cruise division received approval to operate more vehicles autonomously, which could boost its stock.
GM's Cruise division's approval to operate more vehicles autonomously in San Francisco could positively impact GM's stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Alphabet, through its Waymo division, is identified as a top beneficiary of autonomous driving adoption, which could boost its stock.
Alphabet's Waymo division's focus on autonomous driving technology and its potential for significant growth in this area could positively impact Alphabet's stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Tesla is identified as a top beneficiary of autonomous driving adoption, which could boost its stock.
Tesla's focus on autonomous driving technology and its potential for significant growth in this area could positively impact its stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90