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Tesla Semi, Roadster Reveals Not Enough to Push D20 Stock Index to Gain

A four-percent stock price jump by Tesla Motors led the Driverless Transportation Weekly Stock Index’s (D20) this week.

Tesla’s (TLSA) reveal of the new Tesla Semi electric big-rig dominated industry headlines this week, helping the company’s stock jump from $302.99 to $315.05 per share. In a big surprise, Tesla CEO Elon Musk also revealed a new Roadster during the same event, which no one was expecting.

Tesla’s real financial fate still hangs on whether or not they can untangle the production problems they have on the Model 3, their reasonably-priced, mass-market electric vehicle.  Their target production rate for the Model 3 is 20,000 cars a month by the end of December. Tesla only produced 260 Model 3s in the last quarter.

Unfortunately, the rest of the D20 didn’t fare so well this week. Eleven price losers dominated the Index and caused it to lose 0.7 percent, closing the week at 259.27.

The Dow and S&P 500 both outperformed the D20 this week. The Dow only dropped 0.3 percent, while the S&P 500 dipped just 0.1 percent to close at 2578.85.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

Up-and-Comers:

Optimus Ride, a Boston-based startup, announced that it raised $18 million in series A funding. Reps from the MIT spin-off company said they will utilize the additional capital to increase their vehicle fleet and make strategic hires. Optimus Ride has received approval from the Massachusetts Department of Transportation to test highly automated vehicles in the commonwealth.

Denso, Renesas Help Rocket D20 Stock Index to New Height

Fifteen price gainers, led largely by Renesas and Denso, powered the Driverless Transportation Weekly Stock Index (D20) to a new all-time high this week.

The D20 gained 1.8 percent to close at 260.10. It easily outperformed the Dow, which gained 0.4 percent, and the S&P 500, which added 0.3 percent to close at 2587.84.

The D20 is now up over 50 percent since the beginning of 2017.

Three stocks drove most of the D20’s rise this week–Renesas Electronics (TYO:6723), Denso (DNZOY) and Volkswagen (VLKPY).

News broke this week that Renesas will provide chips to Denso and Toyota (TM) for Toyota’s driverless car program. Toyota has set a goal of 2020 for market availability of its self-driving vehicles.

Renesas Electronic’s stock price jumped 7.6 percent to close at ¥1449 per share while Denso’s ADR gained 7.4 percent to end the week at $28.

For the third consecutive week, Volkswagen’s ADR made positive progress. It rose 7.4 percent this week to close at $37.83. It announced October’s U.S. sales were up 11.9 percent compared to October of 2016.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

Up-and-Comers:

It has been a good year for investing in Driverless Technology startups, according to a new report put out by TechCrunch. In a report posted on Nov. 4 (see below), TechCrunch states that 2017 investments, already totaling at $1.4 billion, are already more than double the total for all of 2016. According to TechCrunch, Silicon Valley is the most popular place for these investments, followed by Israel.

 

Volvo is the D20’s Bright Spot This Week, As Orders For New Trucks Surge

Though Volvo AB announced promising quarterly earnings and both the Dow and S&P 500 hit new highs, the D20 Stock Index lost ground this week.

Both the Dow Jones Industrial Average and the S&P 500 Index reached all-time highs this week.  The Dow did so in spectacular fashion, broaching the 23,000 mark for the first time and adding 2 percent to its value while closing the week at 23,328.63.  The S&P 500 Index gained 0.9 percent and finished at 2,575.21, a new record as well.

With only six price gainers and 14 price losers, the Driverless Transportation Weekly Stock Index (D20) lost 0.4 percent of its value, closing down 1.1 points at 255.26.  The last week the D20 lost ground while both the Dow and S&P 500 stayed even or rose was the week ending July 28, 2017.

One bright spot for the D20 was Volvo AB (STO: VOLV-B), whose announced quarterly earnings beat market profit expectations as orders for its trucks surged. Shares prices for Volvo AB, which are traded on the Stockholm exchange in SEK, jumped from 155.5 to 165.9, a 6.7-percent increase.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

Up-and-Comers:

Lyft continues to make positive headlines, as Alphabet–the parent company of Google and Waymo–announced it is leading a $1-billion investment round in Lyft. Lyft continues to trail Uber in both market share and valuation, but not in positive press. Uber and Waymo are currently litigating over trade secrets allegedly stolen by a former Waymo employee who later joined Uber.

Blackberry’s Stock Price Explodes, Taking the D20 Stock Index With It

BlackBerry (BBRY) exploded for a 22.5-percent gain in stock price this week, helping the Driverless Transportation Weekly Stock Index (D20) achieve its third consecutive weekly gain.

The BlackBerry share price rose from $9.13 to $11.18 this week, helping eight other gainers overcome 11 price losers and push the D20 up 0.7 percent to close the week at 246.20.

BlackBerry made an announcement  this week that it expects the company will beat a $19-million quarterly profit expectation, pushing Blackberry’s stock price to levels not seen since November of 2014.

The D20 outpaced the Dow’s 0.2-percent gain and matched the S&P 500’s 0.7-percent gain. Since April of 2017, the Dow has risen 8.5 percent while the D20 has skyrocketed 32.5 percent.

Nissan (NSANY) was the D20’s largest price-percentage loser last week. It lost 5.6 percent of its value on news that 11.21 million Nissan cars in Japan will have to be recalled.

Delphi (DLPH) has announced that is going to spin off its automated driving and electrification business in March, and that it will call the new business Aptiv. The D20 will be modified to reflect Delphi’s changes and convert Delphi’s position to Aptiv’s when the spinoff is formalized.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

Up and Comers:

Luminar, has emerged from stealth mode and announced that one of its current major partners is the Toyota Research Institute (TRI). TRI has just updated its driverless test car to its latest version, 2.1, which now includes Luminar’s LiDAR technology. Luminar’s approach to Lidar has been to design everything from scratch to enable their product to “see” further, to detect black matte surfaces better and yet still be safe for the human eye.

15 Gainers Help D20 Rise, Autoliv Replaces Mobileye

Fifteen price gainers ensured the Driverless Transportation Weekly Stock Index (D20) would rise for the second straight week, while we prepare for Autoliv to join the index.

The D20 added 2.53 points to close at 221.82 for a 1.2-percent gain. It doubled up the Dow, which gained 0.6 percent to finish the week at 21,812.67, and also beat the S&P 500, which rose 0.7 percent.

Leading price percentage gainers Blackberry (BBRY) and Magna International (MGA) each added 3.6 percent to their stock prices this week.

With Intel completing its acquisition of Mobileye (MBLY) soon, the D20 will be deciding upon a new stock to replace it in the index.

Mobileye was a pure play in the driverless field, as its only products were driverless or assisted driving systems. One consideration was to replace it with Intel (INTC), who is buying Mobileye. But this would make the D20 act more like the big indexes, as Intel is a member of both the Dow and S&P500.

Another thought was to replace them with another auto manufacturer like Toyota (NYSE:TM), but with six car companies already, the D20 is over-represented with automobile manufacturers.

In the end, we at DriverlessTransportation.com decided AutoLiv will replace Mobileye in the D20.

Autoliv is a global firm headquartered in Sweden and traded on the NYSE. There is large enough volume of trades to make their stock active enough to add to the D20. Their products are automotive safety-related. They have two divisions–passive safety, which manufactures airbags, seatbelts and steering wheels, and active safety, which designs and delivers collision avoidance, radar and vision systems.

Autoliv recently formed a joint venture with Volvo called Zenuity to sell driverless cars based on NVIDIA’s Drive PX platform.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

Up-and-Comers:

Cubic Telecom, a Dublin, Ireland startup, announced that is has raised $46.5 million in a Series C venture round to increase the size of its engineering team. Cubic’s software solution enables car manufacturers to build cars with common “connected” hardware and be able to sell them in countries with different “connected” protocols and service providers. Audi and Qualcomm were investors in this round.

Despite Big Jump by Denso, D20 Takes a Small Dip

Despite a big jump for Japanese auto parts maker Denso, the Driverless Transportation Weekly Stock Index (D20) took a small dip this past week, after enjoying three straight weeks of gains, rising 12 out of the past 14 weeks.

The D20 lost 2.85 points, or 1.3 percent, losing ground against the Dow, which gained 1.2 percent, and the S&P 500, which remained virtually unchanged.

The only D20 stock that moved significantly this week was Denso (DNZOY), which jumped 7.6 percent to close at $23.18 on rumors that when it reports quarterly earnings on Aug. 4, they will be above expectations.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

Up-and-Comers:

Here, the mapping company jointly owned  by Daimler, Audi, and BMW, is launching a real-time traffic service that pulls data from its joint owners’ vehicles. Here, which started as a division of phone maker Nokia, was spun out and sold to a joint venture of the three German automakers. 

Momenta, a Chinese-based new entrant to the driverless car software market, recently raised $46 million in a series B venture funding. One of the funders was Daimler, which seems to have accelerated its driverless efforts recently.

Legal Victory for Renesas Leads D20 Stock Index to Gain

A legal victory for Renesas Electronics led the way as 11 propelled the Driverless Transportation Weekly Stock (D20) up this past week.

The D20 gained 1.64 points to close at 224.97, beating the Dow, which lost 0.3 percent, and the S&P 500, which rose 0.5 percent and closed the week at 2472.54.

Renesas Electronics Corp. (TSE:6723) gained 7.6 percent to close at ¥1090 per share.  Renesas announced that it won a patent infringement lawsuit brought by Zond LLC, and that it has developed a kit for its R-Car system that supports cocoro SB’s “Emotion Engine.”

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

Up-and-Comers:

Lyft is launching a driverless division.  It announced that it just signed a lease for a large facility in Palo Alto and expects to hire hundreds of people to fill it. Lyft will continue to work with its major investor, General Motors and partners Waymo, JLR and Nutonomy.

Driverless truck startup, Embark, has raised $15 million in an initial round of funding. Its funding announcement coincides with an announcement of a partnership with heavy truck manufacturer, Peterbilt.  Embark has prototyped its neural, net-based deep learning approach on a Peterbilt 579 Truck.

Led by NVIDIA, D20 Leaps to Record High

In a nearly across the board sweep, nineteen price gainers and one unchanged stock drove the D20 to new heights this week.  The D20 jumped 5.2 percent, closing at a record high of 223.51.  The D20 easily outpaced the Dow, which gained 1 percent and the S&P 500 which added 1.4 percent and closed at 2459.27.

As the D20’s leading price percentage gainer this week, NVIDIA (NVDA) continues to hit new records and stun the market with its meteoric price rise.  Its partnership with Baidu continues to enchant the market causing its price to rise 12.4 percent this week and closing at $164.95 per share.  Because of its staggering share price run, gaining 625 percent since August 2015, NVIDIA is now 24% of the total value of the D20.  This week’s 12.4 percent gain accounted for the more than half of the D20’s 5.2 percent increase.

The lone non-gainer of the week was Nissan (NSANY).  It remained unchanged at $20.23 per share.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

Up and Comers:

Cortica, founded in Israel, is building AI systems based on analysis of how human and animal cortical networks process natural stimuli.   Cortica is now applying those AI methods to “teach” autonomous vehicles with unsupervised learning.

Tesla Takes a Big Drop Despite Model 3 News, While TomTom Shoots Up

A 13-percent drop in stock price this past week by Tesla (TSLA) couldn’t hold the Driverless Transportation Weekly Stock Index (D20) back as the D20 gained 1.13 points and closed at 212.39.

Tesla’s $48.39 stock price drop was caused by a variety of factors.  Telsa’s sales growth for its Model S and Model X is beginning to plateau. Its second-quarter production numbers (Model S and Model X only) declined compared to the first quarter and was blamed on a shortfall of battery packs.  The long-awaited Model 3’s planned availability date is still late in July.  All these factors have combined to take a chunk out of Tesla’s valuation.

The rest of the D20 stocks had a fine week with 14 gainers and only six losers including Tesla, pushing the Index up 0.5 percent. It beat the Dow, which gained 0.3 percent, and the S&P 500, which gained 0.1 percent to close at 2,425.18.

On news that it had joined Baidu and at least 50 others in Baidu’s Apollo Driverless project, TomTom’s (TOM2) stock price jumped 4.5 percent to close at €8.78 per share. It was the D20’s largest price-percentage gainer for the week.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

Up-and-Comers:

Baidu, the Chinese search engine giant, has formed a partnership with over 50 auto and computing industry companies to create its Apollo autonomous driving platform.  The platform’s goal is to be to the driverless vehicle market what android is to the smart device industry: an open developer’s platform.  Some of the D20 participants include: Ford (F), Delphi (DLPH), Continental (CTTAY), Daimler (DDAIF), NVDIA (NVDA), and TomTom (TOM2).

Visteon Leads 14 Losers to Broad-Based Retreat for D20, While Up-and-Comer Careem Raises Half a Billion

After eight straight weeks of gains, 14 losers, led largely by Visteon Corporation, drove the Driverless Transportation Weekly Stock Index (D20) to take a small step back, as both the Dow Jones Industrial Average and the S&P 500 Index eked out small advances.

The largest loser was Visteon Corporation (VC), which lost 8.49 percent to land at 92.37.

In its eight-week run, the D20 climbed 15.6 percent. During that same period the Dow rose 4.0 percent and the S&P 500 advanced 4.4 percent.

With 14 stock price losers and only six gainers, the D20’s 0.6 percent lose was almost inevitable.  It ended the week down 1.33 points at 213.82.

The bright spot for the D20 was Chinese electric vehicle maker BYD (BYDDY), who announced large bus orders in the UK and Australia. BYD gained $0.74 to close up 6.2 percent at $12.64 on the U.S. OTC market.

BYD has been on a hot streak of its own.  It has had six consecutive weeks of an increasing stock price, during which time it has added 13.2 percent to its value.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

 

Up-and-Comers:

Careem, a ride service competitor of Uber’s in the Middle East, North Africa and South Asia, just closed a $500 million deal in a Series E round of financing.

This pushes the valuation of the firm, post financing, to close to $1.2 billion. Careem’s focus on a region that is well below the European and North American levels in established public transportation options and car ownership is novel. Daimler (DDAIF) was an investor in this last round with Careem as it adds to its ride service portfolio of Hailo in the UK, Taxibeat in Greece and MyTaxi in Germany.