Toyota & Volvo are Betting on THIS Self-Driving Company. Should You?

Key Takeaways:

1. The Self-Driving Brain: Aurora is building the software and hardware to make any vehicle drive itself, not just one specific type of car. Think of it like a super-smart computer that can control everything from a tiny car to a massive truck.
2. Teaming Up for Success: Aurora has partnered with major companies like Toyota and Volvo. This helps them get the resources and knowledge they need to make their self-driving tech even better, faster.
3. The Shopify of Self-Driving: Just like Shopify helps regular stores sell online without having to build their own website from scratch, Aurora could help car companies add self-driving features without having to invent the whole thing themselves. It's like giving everyone a chance to play in the big leagues, even if they're not Tesla.
4. How They Make Money (Now and Later): Right now, Aurora is making money through partnerships and testing their tech in real-world situations. But the big payoff will come when they start selling their self-driving systems to trucking and ride-sharing companies.
5. Could This Be the Next Big Thing? There's no doubt that self-driving cars are the future. Aurora faces some challenges, but if they succeed, their value could explode in the next ten years. It's a risky bet, but with potentially huge rewards.

 

Chapters:

Timestamp Summary

0:00 Introduction to Aurora Innovation

0:37 Aurora’s Tech and Partnerships

1:13 Comparison to Shopify and Revenue Model

1:54 Historical Context of Transportation Investment

2:25 Challenges and Current Valuation

2:53 Personal Investment Perspective

 

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Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.