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.
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.