An 11.3-percent stock price jump by General Motors (GM) this week helped push the Driverless Transportation Weekly Stock Index (D20) to a fourth consecutive weekly gain and a new record high.
General Motors has been making waves in the automotive market recently, and it’s paying off in regards to its stock price. General Motors is committing to “zero emissions” and “zero crashes” in the company’s drive toward a totally electric vehicle line-up and its investment in driverless technology. GM’s driverless division, Cruise Automation, has increased the number of driverless cars it is testing in California to 100 in the past three months.
The D20 outpaced the Dow and S&P 500 again this week. It rose 2.3 percent to close over 250 for the first time ever, at 251. 97. The Dow managed a 1.6-percent increase while the S&P 500 moved up 1.2 percent.
Nissan (NSANY) continues to reel from its recall news. It was the D20’s largest price-percentage loser this week. Its stock price fell 1.8 percent on news that it will recall all new cars sold in Japan in the past 3 years.
Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.
Voyage, an off-shoot of the on-demand learning company Udacity, has announced an agreement to test its driverless cars at Villages Golf and Country Club in California. The San Jose retirement community has 4000 residents and about 15 miles of private roads. Voyage believes that retirement communities are good targets for its technology to help seniors remain independent in terms of transportation.