John Deere Autonomous Tractor - The Road to Autonomy

Deere’s Autonomous Tractors Help Drive Forecast of $8 Billion in Free Cash Flow

This Week In The Road to Autonomy Index — For the week of June 11, 2023, The Road to Autonomy Index returned 4.33%, while the S&P 500 returned 2.58%. The top performing stocks in The Road to Autonomy Index this week were Toyota, NVIDIA and Deere.

On this episode, Grayson Brulte discusses the autonomy economy and scaling of autonomous vehicles in San Francisco. Deere, which is helping to usher in the autonomy economy is actively integrating autonomy into their business with the introduction of autonomous tractors.

The strategy is working as Bloomberg Intelligence is forecasting that Deere, a The Road to Autonomy Index component could exceed $8 billion in free-cash flow by the end of the year. This forecast is partly driven by Deere’s technologically advanced machines as they are key long-term tailwinds for Deere.

It’s not just farming where autonomy will have a meaningful impact, it’s the global economy. In the future the advancements in autonomy will help to usher in the autonomy economy. This is why companies like around the world like GM are investing billions of dollars in autonomy.

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The Road to Autonomy Index®

The Road to Autonomy Index is an autonomous vehicle index comprised of 38 publicly-traded companies. The Index is a rules-based equity benchmark index that is calculated by Standard and Poor’s Dow Jones Indices. The Index measures the performance of a basket of global companies that are involved in the development and commercialization of autonomous driving technologies.

Included in the Index are companies that are developing autonomous vehicles (self-driving cars), autonomous trucks and off-road specialty vehicles. As well as transportation, technology, industrial and services companies that have identified autonomy as a key component of their growth strategies. 

Inclusion of a security within The Road to Autonomy Index® is not a recommendation by The Road to Autonomy Indices LLC to buy, sell, or hold such security, nor is it considered to be investment advice.