What are robotaxis and why are they important for investors?

Robotaxis are self-driving taxis that operate without a human driver. They represent a major advancement in autonomous vehicle technology and could revolutionize transportation. For investors, robotaxis matter because they create an entirely new market with multiple revenue streams – from the vehicle manufacturers like Tesla to the many technology suppliers that make autonomous driving possible. As Tesla expands its robotaxi service, it validates the commercial potential of this technology and could accelerate adoption across the industry.

What is LiDAR technology and why is it included in this stock group?

LiDAR (Light Detection and Ranging) is a remote sensing technology that uses laser light to measure distances and create detailed 3D maps of surroundings. In autonomous vehicles, LiDAR helps the car "see" and understand its environment by creating precise, real-time 3D representations. Companies like LAZR, INVZ, and MVIS are included in this stock group because they develop the LiDAR systems that many consider essential for safe autonomous driving. While Tesla notably doesn't use LiDAR (preferring cameras), many other autonomous vehicle developers consider it a critical sensor technology.

What are ADAS systems and how do they relate to fully autonomous vehicles?

ADAS (Advanced Driver-Assistance Systems) are technologies that help drivers with certain aspects of driving, like automatic emergency braking, lane keeping, or adaptive cruise control. They represent the stepping stones to fully autonomous vehicles. Companies like MBLY (Mobileye) develop ADAS systems that are already in millions of vehicles today. The relationship between ADAS and full autonomy is important because: 1) The same sensors and computing technologies power both, 2) ADAS provides current revenue while full autonomy develops, and 3) The regulatory and consumer acceptance of ADAS features helps pave the way for eventual self-driving capabilities.

Why are semiconductor companies like NVDA and QCOM important for autonomous vehicles?

Semiconductor companies are crucial to autonomous vehicles because they provide the "brains" that process all the sensor data and make driving decisions. NVIDIA (NVDA) supplies powerful GPUs (graphics processing units) that handle the intensive AI computations needed for autonomous driving. Qualcomm (QCOM) provides specialized automotive processors and communications chips that enable vehicles to process information and connect to networks. Without these advanced semiconductors, autonomous vehicles simply couldn't function – they wouldn't be able to process the massive amounts of data from cameras, radar, and other sensors quickly enough to make safe driving decisions.

What does "Potential Profit %" mean in the stock data?

"Potential Profit %" represents analysts' estimates of how much a stock's price might increase over a specific time period, usually 12 months. It's calculated by comparing the current stock price to analysts' target prices. For example, if a stock currently trades at $100 and analysts have an average price target of $130, the potential profit would be 30%. Remember that this is just an estimate based on analysts' research and projections – actual performance may vary significantly, and stocks can lose value as well as gain it.

15 handpicked stocks

Tesla's Autonomous Ride-Hailing Expansion

This carefully selected group of stocks represents companies powering Tesla's ambitious robotaxi rollout in the Bay Area and Arizona. Professional analysts have identified these technology providers as essential to the autonomous driving supply chain, from semiconductors to sensors.

Han Tan | Market Analyst

Published on July 11

Top Picks from This Group

Here are a few of the assets in this group. Create an account to unlock the full list.

Tesla, Inc.

TSLA

Current price

$440.94

The catalyst company, whose expansion directly drives demand across the entire autonomous vehicle supply chain.

NVIDIA Corporation

NVDA

Current price

$189.06

A leader in AI and high-performance computing, providing the core processing power (GPUs) essential for training and operating autonomous driving mode...

A leader in AI and high-performance computing, providing the core processing power (GPUs) essential for training and operating autonomous driving models.

QUALCOMM Incorporated

QCOM

Current price

$166.49

Provides the Snapdragon Digital Chassis, a comprehensive set of cloud-connected platforms for telematics, infotainment, and driver assistance.

MOBILEYE GLOBAL INC.

MBLY

Current price

$14.54

NXP Semiconductors NV

NXPI

Current price

$229.06

ON Semiconductor Corp.

Current price

$49.26

Join Nemo FREE today and unlock every stock.

It only takes 60 seconds.

12 Month Growth Potential

Use the growth calculator to see how much investing in these assets could return over one year, based on aggregated analyst sentiment provided by Refinitive Ltd.

If you invested across these assets:

≈

In 12 months it might be worth:

$1,000.00

+103.35%

≈

About This Group of Stocks

Our Expert Thinking

Tesla's robotaxi expansion marks a pivotal shift from R&D to commercial deployment in autonomous driving. This creates sustained demand for companies providing the essential technology infrastructure, from high-performance computing to sensors and software platforms that make self-driving vehicles possible.

What You Need to Know

This collection spans the entire autonomous vehicle technology value chain. It includes market leaders in GPUs, advanced driver-assistance systems, automotive semiconductors, LiDAR, and sensor technologies. These companies stand to benefit as the autonomous vehicle industry enters its commercial phase.

Why These Stocks

These companies were handpicked because they provide critical components that enable the autonomous driving revolution. The portfolio balances pure-play autonomous driving technology providers with diversified tech companies that have significant exposure to this growing market.

Group Performance Snapshot

103.35%

Average 12 Month Profit

On average, analysts expect assets in this group to grow 103.35% over the next year.

12 of 15

Stocks Rated Buy by Analysts

12 of 15 assets in this group are rated Buy by professional analysts.

1.3%

Group Growth

This group averaged a 1.3% return last month.

Source: Analyst sentiment is provided by Refinitiv Ltd, a global leader in financial market data with over 40k business clients. Refinitiv Ltd is an independent third party to Nemo. This is not advice.

Why You'll Want to Watch These Stocks

🚗

Riding the Robotaxi Wave

Tesla's expansion validates the entire autonomous vehicle market, potentially accelerating adoption and creating a ripple effect of demand for all the critical technology providers in this collection.

💡

From Testing to Revenue

The autonomous vehicle industry is shifting from R&D to commercial deployment, which means these companies could see growing, sustainable demand for their technologies after years of development.

🌐

Powering the Autonomous Future

These aren't just automotive stocks—they're technology innovators creating the building blocks for a transportation revolution that extends beyond Tesla to the entire mobility ecosystem.

Get the full story on this Basket. Read our detailed article on its risks and potential.

Read Full Insight

Why Invest with Nemo Money?

🆓

Zero Commission

Trade stocks, ETFs, and more with zero commission. Keep more of your returns.

🔒

Trusted & Regulated

Part of Exinity Group 2015, serving over a million customers globally.

💰

6% Interest on Cash

Earn 6% AER on uninvested cash with daily interest payments.

Discover More Opportunities

Gold Miners (Record High Rally) Investment Guide

Gold prices have reached a record high as concerns over a U.S. government shutdown and potential interest rate cuts drive investors to seek safe-haven assets. This trend creates a potential investment opportunity in the companies that explore for and produce gold and other precious metals.

Government Shutdown Impact: Defensive Stocks Explained

A U.S. government shutdown has been triggered by a congressional budget impasse, creating economic uncertainty. This theme focuses on companies in defensive sectors that may prove resilient to the resulting market volatility and disruptions in federal spending.

Zillow Redfin Competitors | Market Disruption

The Federal Trade Commission is suing Zillow and Redfin, alleging their rental listing deal violates antitrust laws. This legal challenge could disrupt the online real estate market, creating opportunities for competing platforms to capture market share.

Frequently Asked Questions

Everything you need to know about the product and billing.