Tesla, Inc. vs Ford Motor: A Race to Lead Autonomous Vehicle Stocks!

Want to invest in autonomous vehicle stocks? Choose from here the best one that suits your portfolio

Over the past few years, autonomous vehicle stocks have been rising in popularity among investors in the stock market. While it may be true that electric vehicle stocks have been making the headlines, the autonomous vehicle industry has also been making strides. Today, more and more cars are going electric and if you have been paying attention, most new cars would also have some form of semi-autonomous features. On that note let's figure out the best autonomous vehicle stocks to buy- Tesla, Inc. or Ford Motor?

Tesla, Inc. engages in the design, development, manufacture, and sale of fully electric vehicles and energy generation and storage systems. It also provides vehicle service centers, Supercharger stations, and self-driving capability. The company operates through the following segments: Automotive and Energy Generation and Storage. The Automotive segment includes the design, development, manufacture, sale, and lease of electric vehicles as well as sales of automotive regulatory credits. Its current market stock is US$724.37, a 5.88% decrease from the previous close.

Ford Motor Co. engages in the manufacture, distribution, and sale of automobiles. It operates through the following segments: Automotive, Mobility, Ford Credit, Corporate Other, Interest on Debt, and Special Items. The Automotive segment develops, manufactures, markets, and services Ford and Lincoln vehicles, service parts, and accessories. The Mobility segment includes the development of autonomous vehicles, equity ownership in Argo AI which is a developer of autonomous driving systems, and related businesses. Its current market stock is US$13.05, a 3.33% decrease from the previous close.

The electric vehicle industry is widely considered to be the future of the automotive industry. And Tesla is undeniably the most consolidated and largest producer of electric vehicles today, with the largest electric vehicles market share. On the other hand, Ford recently made the move to separate its electric vehicles and ICE (internal combustion engine) businesses. ICE is currently the bulk of its business today and should remain so until at least 2030. Ford believes that half of its global sales should be electric cars and promises to be a major competitor to Tesla.