Is now a good time to invest in self-driving cars?

Despite repeated unwelcome delays, we could be on the verge of an inflection point for self-driving car technology. How can you gain exposure?

Interior of a Waymo self driving car on the streets of San Francisco, California
(Image credit: Smith Collection/Gado/Getty Images)

If you Google search ‘self-driving cars’ you’ll quickly find that the technology is no longer a far-off, futuristic pipe dream, but a reality in the here and now.

It is a field that most of the big tech companies have at least half an eye on. Tesla is an obvious player, while Nvidia is developing chips specifically for use in the self-driving car space.

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Company

AV involvement

Market cap

Tesla

Developing self-driving car technology

$804.1 billion

BYD

Developing self-driving car technology

$155.0 billion

Rivian

Will bring in autonomous car technology in coming years

$12.16 billion

Aurora

Developing self-driving truck technology

$12.11 billion

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Dan McEvoy
Senior Writer

Dan is a financial journalist who, prior to joining MoneyWeek, spent five years writing for OPTO, an investment magazine focused on growth and technology stocks, ETFs and thematic investing.

Before becoming a writer, Dan spent six years working in talent acquisition in the tech sector, including for credit scoring start-up ClearScore where he first developed an interest in personal finance.

Dan studied Social Anthropology and Management at Sidney Sussex College and the Judge Business School, Cambridge University. Outside finance, he also enjoys travel writing, and has edited two published travel books.