How to Invest in Self-Driving Car Stocks The Motley Fool

Velodyne Lidar is the maker of the lidar units used by nearly all of the self-driving developments under way as of 2019. The company's lidar sensors are expensive, but it has worked with several automakers to lower costs considerably over the last few years. While some well-funded entrants (including Waymo and Cruise) have internal efforts under way to develop lower-cost lidar units of their own, Velodyne still has the potential to be an enduring leader in this space. Investors should be prepared to take a close look if and when the company announces plans for a public offering. Zoox is a secretive California-based start-up that is developing a self-driving system aimed at the ridesharing market.