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Tesla’s (TSLA) long-awaited Robotaxi launch is finally happening on June 22 in Austin, Texas. CEO Elon Musk is expected to unveil the Cybercab — Tesla’s first fully autonomous vehicle with no steering wheel or brake pedals. It’s a bold move that could ignite Tesla’s next wave of growth… or leave an opening for fast-rising competitors to take the lead.
While this headline moment dominates the news cycle, investors shouldn’t ignore the rest of the autonomous vehicle (AV) playing field. Companies like Amazon’s (AMZN) Zoox, Alphabet’s (GOOG) (GOOGL) Waymo, Uber (UBER), Nvidia (NVDA), WeRide (WRD), Innoviz (INVZ), and Aeva (AEVA) are also moving rapidly into the self-driving car arena — and some of their stocks are already heating up.
