2 Top Auto Stocks to Consider Buying Now
It's becoming clear that the auto industry is at the beginning of a period of dramatic, transformative change. New technologies like electric drivetrains and autonomous-driving systems, and the new shared-mobility business models enabled by technology, seem set to bring sweeping changes to our cars, the way we own them, and the ways in which we get around, particularly in cities.
Of course, there are opportunities for investors whenever an established industry undergoes a period of sweeping changes. That's true in autos right now. It's likely that some new entrants will become huge (and hugely profitable) companies in time. And it's also likely that not all of the legacy auto-industry players will survive, much less thrive amid the changes.
So who will be the winners and losers in this period of transformative change? Many investors will make cases for technology companies such as Tesla (NASDAQ: TSLA), NVIDIA (NASDAQ: NVDA), and possibly Intel (NASDAQ: INTC) and its recently acquired Mobileye subsidiary.
Source: Fool.com
