1 Incredible Autonomous Vehicle Stock to Buy Instead of Tesla

Investors are increasingly interested in the autonomous vehicle market as cities worldwide approve driverless technology. While Tesla has been a prominent player in this field, Alphabet's Waymo is emerging as a leading contender, recently reporting over 500,000 fully autonomous rides per week—a figure that has doubled in less than a year. As of the first quarter of 2026, Waymo operates in 11 major cities, having expanded to six new locations this year. In contrast, Tesla's Full Self-Driving feature still requires human oversight, with CEO Elon Musk projecting a rollout of full autonomy by late 2026.

In addition to its advancements in autonomous driving, Alphabet is also at the forefront of artificial intelligence with its large language model, Gemini. This positions the company as a key player in the rapidly evolving AI landscape, alongside competitors like OpenAI and Anthropic. Despite its focus on emerging technologies, Alphabet's core revenue still heavily relies on advertising and cloud services, which accounted for 70% and 18% of its revenue, respectively, in Q1 2026.

Currently, Alphabet's stock trades at a trailing P/E ratio of 30, aligning with its historical averages and presenting a potentially attractive investment opportunity. However, analysts from The Motley Fool's Stock Advisor have identified other stocks as top picks, suggesting that investors should carefully evaluate their options before making any decisions.