California Proposes Banning Autonomous Trucks, While Waymo Expands in Arizona
For the week of May 29, 2023, The Road to Autonomy Index returned 3.40%, while the S&P 500 returned 2.57%. The top performing stocks in The Road to Autonomy Index this week were Tesla, Qualcomm and Amazon.
On this episode, Grayson Brulte discusses Waymo’s expansion in Arizona, California’s AB 316 bill, it’s impact on autonomous trucking and how Uber is playing to it’s strength by being a platform.
The California State Assembly voted 54-3 banning autonomous trucks over 10,000 pounds from operating without a safety driver on public roads. While in Arizona, Waymo is expanding fully driverless operations to 180 square miles in the Greater Phoenix region (Phoenix, Tempe and Scottsdale).
Uber, which is a component company is prospering under the leadership of Dara Khosrowshahi. Uber’s stock has returned 56.66% year to date because Uber is playing to it’s strengths and operating as a platform. Complete with utonomous vehicle ride-hailing partnerships with both Motional and Waymo.
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The Road to Autonomy Index®
The Road to Autonomy Index is an autonomous vehicle index comprised of 38 publicly-traded companies. The Index is a rules-based equity benchmark index that is calculated by Standard and Poor’s Dow Jones Indices. The Index measures the performance of a basket of global companies that are involved in the development and commercialization of autonomous driving technologies.
Included in the Index are companies that are developing autonomous vehicles (self-driving cars), autonomous trucks and off-road specialty vehicles. As well as transportation, technology, industrial and services companies that have identified autonomy as a key component of their growth strategies.
Inclusion of a security within The Road to Autonomy Index® is not a recommendation by The Road to Autonomy Indices LLC to buy, sell, or hold such security, nor is it considered to be investment advice.
