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6 auto stocks to buy in 2021, according to Deutsche Bank


Deutsche Bank s price target: $64
Why Deutsche Bank recommends it: We continue to be very encouraged by GM s aggressive EV strategy, which could ultimately give it a strong market position. Investors have shown increasing willingness to give the stock credit for robust EV technology and efforts, and we believe GM stock could further re-rate as the company demonstrates success in electrification and new ways to monetize it.
Luminar
Volvo
Deutsche Bank s price target: $37
Why Deutsche Bank recommends it: After talking to two Luminar executives on January 7, Rosner and Yu wrote, Luminar s comments about its sensor cost trajectory were particularly encouraging, as management indicated its current bill of materials already is in the three-digit $ range per unit, and should comfortably get to $500 by 2023 based on signed volume-based supply agreements, and $100 by mid-decade. With regards to its strategic partn ....

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How Luminar's Austin Russell became the youngest self-made billionaire


Luminar
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Luminar CEO Austin Russell is the youngest self-made billionaire after taking his company public via a special-purpose acquisition company merger last month.
It s a Silicon Valley tale: Russell has built inventions since his childhood and dropped out of Stanford when he got the Thiel Fellowship to work on Luminar.
He disrupted innovation in an emerging industry, developing nontraditional lidar sensors that help self-driving cars see the road.
Luminar s future looks promising, but it still has a few obstacles to overcome. Russell s billionaire status depends on Luminar s ability to execute. ....

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Luminar's stock bounces after company and Mobileye said collaboration remains 'full speed ahead'


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