In this article, we will discuss: 11 Best Self-Driving Car Stocks to Buy According to Analysts.
The term “self-driving car stocks” describes publicly traded businesses engaged in creating, manufacturing, or using autonomous vehicle technology. These businesses either directly contribute to the development of self-driving systems or offer crucial parts and services to the autonomous driving industry.
The autonomous vehicle market is booming. Grand View Research estimates that the global market for autonomous vehicles was worth $68.09 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 19.9% from 2025 to 2030. The industry is driven by the significant demand for tech adoption by customers, road safety, connectivity, advancements in AI, and sensor technology. In 2024, the passenger vehicle segment led the industry and accounted for 69% of the global revenue. The North American autonomous vehicle market dominated the global market with a share of over 37.1% in 2024.
On the other hand, according to Goldman Sachs Research, Level 3 autonomous cars, which permit hands-off, eyes-off driving in some situations, might make up as much as 10% of new cars sold globally by 2030, down from a previous estimate of 12%. It is anticipated that level 4 fully autonomous vehicles will account for 2.5% of sales, up from 3.5% in the past. Vehicles classified as Level 2 and Level 2+, which need to be supervised, are projected to rise from 20% at present to 30% by 2027. Adoption is expected to speed up due to AI advancements and declining hardware prices, notwithstanding delays caused by technological, legislative, and business model obstacles. By 2030, a market for robotaxis valued at over $25 billion would develop, driven by commercial AV fleets. By 2030, the cost of an AV mile might be less than $1, and by 2040, it could be $0.58. Long-term, AVs may account for 60% of new light vehicle sales worldwide by 2040, with China dominating (90%), followed by Europe (80%), and the United States (65%).
As per S&P Global’s report, the industry’s focus on self-driving cars has changed from lofty Level 5 autonomy to practical, incremental applications. Tech firms and manufacturers came together at CES 2025 with realistic objectives, especially in the area of Level 4 autonomy. Companies increasingly prefer deployable technology, such as ride-hailing services and automated shuttles, above completely autonomous personal vehicles. Leading this shift is Waymo, which reports more than 4 million trips overall and 150,000 paid rides weekly. It displayed new Hyundai and Zeekr automobiles, growing its business in additional American cities and adjusting to local laws. These actions show ride-hailing’s scalability in light of the present limitations.
Meanwhile, conventional automakers showcased autonomous shuttle concepts, while Level 2+ and Level 3 ADAS systems continue to be used in consumer vehicles. As startups with specialized inventions, like AI chips or sensor software, work with larger companies that have the resources and manufacturing capacity, partnerships are growing. Smaller players struggle to operate on their own because of high R&D expenses and regulatory complexity. As the market transitions from hype to practical implementation, Level 4 geo-fenced applications and delivery systems are expected to be the next big thing. The autonomous future is increasingly defined by gradual, cooperative progress rather than disruptive leaps.
With that said, here are the 11 Best Self-Driving Car Stocks to Buy According to Analysts.
Methodology:
For this list, we thoroughly reviewed reputable sources and compiled an initial list of 20 self-driving stocks. Then we selected the 11 stocks that had the highest upside potential as of April 22, 2025. We have only included stocks in our list with an upside potential of 14% or higher. The stocks are ranked in ascending order of the upside potential.
Note: Not every company included in the list is solely focused on self-driving technology. Some of the stocks highlighted below are involved indirectly by investing in businesses that specialize in autonomous driving.
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11. Tesla, Inc. (NASDAQ:TSLA)
Analysts’ Upside Potential as of April 22: 14.16%
Tesla, Inc. (NASDAQ:TSLA) has accelerated the electric vehicle revolution. Autopilot is an advanced driver-assist system that comes standard on all Teslas. It has adaptive cruise control and auto-steer to maintain the vehicle in its lane. Even with the many additional features included in the company’s Full Self-Driving upgrade package, a driver must remain vigilant and prepared to operate a vehicle. FSD Beta, a restricted test among some FSD system users, aims to expand these features by adding city street auto-steering and autopilot navigation. The stock surged by more than 60% in the past year, making it among the Best Autonomous Driving Stocks.
The company is trying to create self-driving technology without lidar, or “light detection and ranging,” which is essentially the use of lasers to help a car map out its surroundings, in contrast to the majority of vehicle manufacturers. Instead, Tesla, Inc. (NASDAQ:TSLA)’s focus is on computer vision research, which enables a computer system to see and use cameras to make decisions.
The firm is constructing supercomputers known as “Dojo” to help improve its AI algorithms. The business has made hints that it may permit Dojo to be used by other self-driving car developers. Tesla, Inc. (NASDAQ:TSLA) intends to expand its Dojo computer network. These supercomputers do, however, consume a lot of power. More than two megawatts of power may be consumed by a complete Dojo system. To put that level of power consumption into perspective, hundreds of residential homes may usually be powered by a single megawatt.
After quarterly reports, Wedbush maintained its Outperform rating on the shares and increased its price objective for Tesla, Inc. (NASDAQ:TSLA) from $315 to $350. As Q1 results concluded a disastrous period in which deliveries were extremely soft and the business missed the Street on nearly every metric, the company claims that “last night was a pivotal conference call for Musk to turn the corner from this dark chapter.” More significant than the numbers, Wedbush claims that Musk had the opportunity to change course, address shareholders and staff, depart from the DOGE/Trump White House, and reaffirm his role as CEO of the company. He did so “loudly and clearly” during a conference call that the company considers a turning point in its history.
10. General Motors Company (NASDAQ:GM)
Analysts’ Upside Potential as of April 22: 18.81%
General Motors Company (NASDAQ:GM) is a legacy automaker and one of the oldest companies still operating. The firm purchased Cruise, a pioneer in autonomous vehicle technology, back in 2016. It was hoping to see its Cruise Origin autonomous cab become fully operational by 2023. That was temporary, though, as following a string of incidents, the Cruise unit terminated operations in October 2023. In May 2024, it put its vehicles back on public roads. However, the business completely stopped supporting its Cruise autonomous car division in December 2024, citing the time and resources needed to expand the business as well as problems in the competitive robotaxi market.
Despite the closure of the Cruise division, General Motors Company (NASDAQ:GM) is concentrating on creating autonomous and driver-assist technologies for private automobiles, which makes it one of the Best Autonomous Driving Stocks. These devices will also be able to drive autonomously in certain scenarios. It intends to include Cruise technology in its hands-free driving aid, Super Cruise. The future of driverless technology may be significantly impacted by the firm’s commitment to directing those resources into cutting-edge driver assistance systems, even if the company is no longer funding its autonomous driving division and has spent billions on a now-defunct unit.
Hotchkis & Wiley Large Cap Fundamental Value Fund stated the following regarding General Motors Company (NYSE:GM) in its Q4 2024 investor letter:
“General Motors Company (NYSE:GM) reported strong Q3 earnings results and improved free cash flow guidance. We like GM for many reasons. First, we believe GM has leading market positions in its main business segments. Second, the valuation is extremely attractive. Finally, we believe it is a strong free cash flow generator, and the management team is committed to repurchasing their undervalued shares.”
9. Uber Technologies, Inc. (NYSE:UBER)
Analysts’ Upside Potential as of April 22: 19.82%
Uber Technologies, Inc. (NYSE:UBER) runs one of the top platforms for ridesharing and delivery services. It offers autonomous Uber trips in cities including Las Vegas and Phoenix in collaboration with Waymo, Motional, Cruise, and other AV market players. In 2025, the company expects to extend to Atlanta and Austin. The firm could consider relying more on autonomous vehicles to reduce its reliance on its sizable, costly fleet of independent contractors, which might lower labor expenses and regulatory issues. It is ranked ninth on our list of the Best Autonomous Driving Stocks.
Despite challenges including currency headwinds and short-term losses, Uber Technologies, Inc. (NYSE:UBER)’s fourth-quarter performance is strong. A larger user base and more frequent travel led to an 18% increase in gross bookings year over year, which in turn led to a 21% jump in revenue. Bookings in the mobility industry grew by 24%, showing the viability of its business strategy. These outcomes show its consistent performance and operational resilience in the face of external obstacles.
By 2027, the management anticipates a nearly 50% increase in free cash flow. Uber Technologies, Inc. (NYSE:UBER) is one of the most alluring investments in the services market right now because of its low capital intensity, resilience to recessions, and scalable worldwide platform.
