10 Best Autonomous Driving Stocks To Buy According to Hedge Funds

7. Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders: 36

Ford Motor Company (NYSE:F), a global automotive leader, produces a diverse lineup of commercial and luxury vehicles under the Ford and Lincoln brands. As part of its commitment to the future of transportation, in 2023, the automaker launched a new subsidiary, Latitude AI, dedicated to advancing semi-autonomous driving technology. This initiative incorporated approximately 25% of the workforce from Ford’s former self-driving affiliate, Argo AI. Latitude AI is tasked with developing a hands-free, eyes-off-the-road automated driving system designed for widespread deployment across millions of vehicles.

In a Bloomberg interview earlier this year, the CEO of Ford Motor Company (NYSE:F) announced that the company has successfully developed Level 3 autonomous driving capabilities in its prototype vehicles. This milestone represents significant progress in Ford’s journey toward advanced driver assistance systems. The company has already implemented Level 2 autonomy with the introduction of its BlueCruise technology, enabling hands-free driving.

Moreover, in the third quarter, Ford Motor Company (NYSE:F) reported a 4% increase in U.S. retail sales, outpacing the broader market. Its electric vehicle sales climbed by 12%, while the company maintained leadership in hybrid truck sales. The F-150 hybrid posted a 64% sales surge, and Lincoln’s sales rose 26%, with the Nautilus achieving its best third-quarter performance since 2007. Explorer sales also jumped by 25%. Year-to-date, Ford’s EV sales are up 45%, driven by strong demand for the F-150 Lightning and E-Transit van. Additionally, the Ford Pro Intelligence software platform recorded a 30% growth in subscriptions, reflecting the company’s growing focus on connected vehicle solutions.