Google (NASDAQ:GOOGL), Audi, and BMW are all working on self-driving cars, but a reader writes:
"What tech company is leading the way in developing the technology for self-driving cars?"
And what about companies beyond the car industry that might benefit, such as businesses that are supplying parts and services for self-driving cars?
In the following video, Motley Fool tech analyst Eric Bleeker answers these questions. He says that while Google is an early leader in creating self-driving technology, it's far from the only publicly traded company making a big bet on self-driving cars. He cites Delphi Automotive (NYSE:DLPH) and Autoliv (NYSE:ALV) as two companies that have made big bets on cameras, sensors, and other parts necessary to create self-driving cars. He also notes that a company like American Tower (NYSE:AMT) is a natural beneficiary of self-driving cars as carriers expand their networks and coverage areas to handle millions of connected cars.
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Eric Bleeker, CFA, has no position in any stocks mentioned. The Motley Fool recommends Amazon.com, American Tower, Apple, Autoliv, BMW, and Google (A and C shares) and owns shares of Amazon.com, American Tower, Apple, and Google (A and C shares). Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.