Tesla and Google’s autonomous vehicle launches this week have sent self-driving tech companies soaring
The mostly successful launch of Tesla’s robotaxi in Austin as well as the expansion of Google-owned Waymo this week have been lifting the tide for other autonomous companies.
That includes companies working on the software and hardware that make it possible for cars to drive themselves.
They’re firms like Aeva, which provides lidar technology to manufacturers and is up 34% since last Friday. (Waymo uses lidar technology, while Tesla notably doesn’t.) Mobileye, which makes autonomous driving and advanced driver assistance systems and has partnered with Volkswagen, is up 25%. Meanwhile, Uber is reportedly trying to help its former CEO, Travis Kalanick, buy autonomous vehicle company Pony.ai, a Toyota partner whose stock is up 23% this week.