Driverless Transportation

Buoyed by Blackberry (BBRY), the Driverless Transportation (D20) Stock Index rose 4.8 percent to end last week at 154.14. Gainers outnumbered losers 17 to three as the D20 Index outpaced both the Dow Jones Industrials and the S&P 500 Index. The Dow added 3.7 percent to finish the week at 17084.49 while the S&P 500 climbed 3.3 percent to close at 2014.89.

Under questions about its ability to deliver the planned sales volume of its highly acclaimed new Model X, Tesla’s stock price (TSLA) fell 10.9 percent to close the week at $220.69 and be this week’s largest D20 loser. The Model X has won rave reviews for its styling and technological features but skeptics continue to doubt Tesla’s ability to continue to scale its production capabilities to support its lofty valuation.

Blackberry was the D20 largest gainer for the week, adding 17 percent to its share price and closing the week at $7.42. CEO John Chen, has shifted the company away from phone handsets towards software, including its QNX division which creates the market leading operating system for cars infotainment systems. The combination of QNX’s current large car infotainment system market share and its background in self-driving military grade technology positions Blackberry perfectly to take advantage of growing interest by automakers in advanced self-driving systems.

Other double-digit gainers for the D20 last week were Volkswagen (VLKPY) whose stock price rebounded 15.2 percent, Daimler (DDIAF) whose price climbed 11.9 percent, and Volvo (VOLVY) whose price rose 10.5 percent.

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