Autonomous driving is advancing faster than you might think, and today Alphabet‘s (NASDAQ: GOOG) Waymo announced a new deal to have Hyundai build Waymo’s cars. In this video, Travis Hoium breaks down why this makes sense and how General Motors (NYSE: GM) may have a slight cost advantage with a similar strategy.
*Stock prices used were end-of-day prices of Oct. 4, 2024. The video was published on Oct. 4, 2024.
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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Travis Hoium has positions in Alphabet and General Motors. The Motley Fool has positions in and recommends Alphabet, Amazon, Tesla, and Uber Technologies. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
