At one point last year, it really did look like everyone and their uncle had started an autonomous vehicle company and were going public. The sheer viscosity of the autonomous vehicle startups joining the NYSE and NASDAQ was overwhelming even by industry standards. the rise of CAPS. This would see investors looking to gain exposure to the sector against more than a dozen options with Embark common stock (NASDAQ:EMBK) and a plethora of other companies, including Aurora Innovation (AUR), Ouster (OUST) and TuSimple (TSP) up for grabs. To compound the ridiculousness of the situation, most of these are and remain fundamentally before earnings, so investors had to rely on vibes and intuition rather than hard financials to make a decision.

Therefore, the relentless…