We've compiled it recently According to analysts, 11 Best Self-driving Car Stocks. In this article, we will explore the location of Alphabet Inc. (NASDAQ:GOOG) and other self-driving car inventory.
The term “self-driving car inventory” describes publicly traded businesses engaged in the creation, manufacturing or use of self-driving car technology. These companies either directly contribute to the development of autonomous driving systems or provide important parts and services to the autonomous driving industry.
The self-driving car market is booming. Grand View research estimates that the global value of autonomous vehicles worldwide is US$68.09 billion from 2025 to 2030, and is expected to grow by 19.9% at a compound annual growth rate (CAGR) of 19.9%. The industry is driven by the important needs of road safety, road safety, road safety, advancement and sensor technology in customers, road safety, AI and Sensor Technology. Passenger cars led the industry in 2024, accounting for 69% of global revenue. North American self-driving car market dominated the global market with a share of more than 37.1% in 2024.
On the other hand, according to Goldman Sachs research, Level 3 self-driving cars, which can drive in some cases, may account for 10% of new cars sold worldwide in 2030, down from previous estimates of 12%. Level 4 fully autonomous vehicles are expected to account for 2.5% of sales, up from 3.5% in the past. Vehicles classified as Level 2 and Level 2 above need to be supervised and are expected to rise from the current 20% to 30% by 2027. Adoption is expected to accelerate due to advances in AI and falling hardware prices, and adoption rates have declined despite delays caused by technology, legislation and business model barriers. By 2030, a robot market of more than $25 billion will be developed under the power of commercial AV fleet. By 2030, the cost of AV miles may be less than $1, and by 2040, it may be $0.58. In the long run, AVS could account for 60% of global new light vehicle sales by 2040, with China dominating (90%), followed by Europe (80%) and the United States (65%).
According to a report by S&P Global, the industry's focus on autonomous vehicles has changed from sublime Level 5 autonomy to practical, incremental applications. Technology companies and manufacturers bring together realistic goals at CES 2025, especially in the 4th level autonomy field. Companies are increasingly liking deployable technologies such as ride-hailing services and automatic shuttles rather than fully automatic personal vehicles. Waymo's lead is that the transition generally reports more than 4 million trips, with 150,000 paid rides per week. It shows off new Hyundai and Zeekr cars, growing businesses in additional U.S. cities and adapting to local laws. These actions show the scalability of the ride given the current limitations.
Meanwhile, conventional automakers demonstrated the concept of automatic shuttle buses, while Level 2 and Level 3 ADAS systems are still used in consumer vehicles. As startups with professional inventions, such as AI chips or sensor software, partnerships are growing in partnership with larger companies with resources and manufacturing capabilities. Smaller players have difficulty operating on their own due to high R&D expenses and regulatory complexity. As the market transitions from hype to actual implementation, level 4 geographic applications and delivery systems are expected to be the next big thing. The autonomous future is increasingly defined by gradual progress in cooperation rather than destructive leaps.
Laptops and phones are turned on for Google services in daily environments.
For this list, we thoroughly reviewed reputable resources and compiled an initial list of 20 autonomous driving stocks. We then selected the highest upside potential for 11 stocks as of April 22, 2025. We only include 14% or higher upward potential on the list. These stocks are ranked in the rising order of upward potential.
Note: Not every company included in the list focuses on autonomous driving technology. Some of the stocks highlighted below are indirectly involved by investing in businesses specializing in autonomous driving.
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Analysts as of April 22: 27.03%
One of the major companies in the self-driving car space The best self-driving inventory It is Google's parent company Alphabet Inc. (NASDAQ: GOOG). The key to autonomous cars is data, especially using road data to teach artificial intelligence systems how to drive cars. Thanks to its extensive online information index, Google has obvious advantages in this regard. Businesses of all types use subsidiary Google Cloud to manage autonomous vehicle design and manufacturing, train autonomous AI algorithms and handle vehicle software updates.
The leading self-driving car launch, Waymo, has invested in Alphabet Inc. (NASDAQ:GOOG). Google has been funding Waymo's research and development at its hugely successful online advertising company for years. Waymo is developing its "Waymo Driver" system to be used as an automated ride service (Waymo One) as well as a large number of freight and delivery solutions (Waymo Via).
Waymo's self-driving cars are currently running in Austin, San Francisco, Los Angeles and Phoenix. In its service area, the company's self-driving ride service, Waymo One, is open for twenty-four hours seven days a week. As of now, Waymo has about 700 self-driving cars on the road. The fleet has traveled 20 million miles since 2019.
Merion Road Capital Management pointed out the following about Alphabet Inc. (NASDAQ:GOOG) in its Q1 2025 Investor's letter:
“In the quarter, the only sole portfolio fell by more than 8%, mainly due to our tech-oriented holdings (GOOG, AMZN) and economically sensitive industries (CLH, FERG). Regarding the former, in AI, whether their investment in AI will yield higher returns in the AI competition. He hopes GOOG “out and show that they can dance.” In response, Alphabet Inc. (NASDAQ:GOOG) increased their capital expenditure from $32 billion in 2023 to nearly $53 billion last year, with $7.5 billion in revenue this year, and their pre-tax returns are barely reaching the 48% range. Integrating AI overview into search has generated strong metrics, and the company is expanding its application in new query formats, including images and audio.
Overall, GOOG rankings eighth Among the 11 best self-driving car stocks, according to analysts. While we acknowledge the potential of self-driving car companies, our belief is that AI stocks have greater hope and return in a shorter time frame. AI stocks have risen since the beginning of 2025, while popular AI stocks have lost about 25%. If you are looking for AI stocks that are more promising than GOOG but have less than 5 times its earnings, check out our report Cheapest AI stocks.
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Disclosure: None. This article was originally published in Internal monkey.