This FANG Stock Could Benefit from Tesla’s Pain in Autonomous Car Wars
By CCN: Now that the battery on Tesla’s stock is running on empty, investors might want to consider other options. Alphabet (GOOGL), which is the parent company of Google, could get a boost from Waymo, the search giant’s autonomous vehicle subsidiary. On CNBC’s Fast Money, Guy Adami gave the bullish case for Alphabet’s stock, saying: “Tesla’s woes, Waymo’s gains. Tesla’s in the autonomous industry. You know what? Maybe they’re not as close as we think.” To audible laughter in the studio background, Adami punned: “Maybe Waymo is way-mo–closer than everyone else. I think people are underestimating the value of Waymo.
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