General Motors Co

With GM exiting and few major competitors remaining, robotaxis represent a $190 billion revenue opportunity in 10 years — roughly double Tesla's current total revenue — and at substantially higher margins than its core auto business.

The auto industry demands massive scale just to break even, margins are permanently thin, and the promise of tech-driven subscription revenue is 'balderdash.' Automaker stocks that beat the market are 'rarities to the point of possibly being extinct.'

Matt Frankel names GM as one of his largest investments, viewing it as indirect autonomous vehicle exposure — AV encompasses more than robo-taxis and includes owned autonomous driving systems across the broader vehicle market.

Matt Frankel discloses GM as one of his largest investments, viewing autonomous vehicles as a much broader category than robo-taxis — including autonomous driving systems consumers own — where GM is well-positioned.