Three Companies That Will Win The Driverless Car Revolution

The boom we’re seeing in the auto industry is technological innovation at its finest. However, the real winners from the rise of ride-sharing apps and driverless cars lie in three unexpected stocks so integral to cars that they will profit no matter where the market goes. 

Driverless cars are coming, it is now just a matter of time until it become ubiquitous.

Meanwhile, Tesla (NASDAQ: TSLA) and the media remain hung up on electric vehicles.

Still, there’s a big trend in the auto market and it has to do with technology in general. What we’re seeing today is a boom in auto tech.

You have Uber and Lyft, two of the most popular ride-sharing services, rendering car ownership unnecessary for a large swath of urban dwellers. Ford (NYSE: F) is also said to be developing its own ride-sharing app. General Motors (NYSE: GM) bought the technology of failed ride-sharing app Sidecar and has also invested in Lyft.

Then there’s the idea that GM may also be looking to develop driverless cars that would then be used in Lyft’s ride-share program.

On the driverless car front, Google’s (NASDAQ: GOOG) autonomous cars have already driven more than a million miles and BMW has been testing driverless cars for years. Meanwhile, Apple (NASDAQ: AAPL) and Tesla are also said to be working on driverless programs.

Countries overseas, like Singapore, are already setting up driverless taxis and “pods,” which are small car-like driverless vehicles that will be ferrying passengers by year-end.

Needless to say, there’s a lot going on in the auto industry right now. And with that, there appears to be no sign of a clear winner.

But after digging deeper into the arms race in autos, there are a few select winners. Besides the consumer, the companies that supply auto companies with must-have products will be the biggest winners.

First, ride sharing and driverless cars will make getting around a lot easier. More driving and miles driven will be good news for auto parts companies. This comes as regardless of who, whether it be Ford, GM, Tesla or a dark horse we haven’t heard of yet, takes the most market share they will still have to meet safety standards and purchase the most basic auto parts like seats and tires.

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