Aug. 1 at 1:27 AM
$AUR From Luke Lango...Aurora (AUR) pops on strong quarterly business updates – we continue to like this stock as one of the best long-term “home run” bets in the market. AUR stock popped today after the autonomous trucking company provided a quarterly business update which impressed and reaffirmed Aurora as the undisputed leader in autonomous trucking, an industry that McKinsey estimates could have a TAM of >
$600 billion by 2035 (versus Aurora’s market cap of just
$11 billion today). Highlights from the report include: 1) Aurora drove over 20,000 driverless miles in its autonomous trucks in just three months between the launch of commercial operations at the end of April to the end of June, 2) Aurora now has three autonomous trucks operating on its active Dallas-Houston route and is livestreaming those daily rides on YouTube, 3) Pilot driverless rides have begun on the Fort Worth-Phoenix route with full automation expected by end of year,) They achieved fully driverless rides at night
