After a volatile period is Magna International Inc. (MGA) bouncing back? Mar-15-18 Lyft Adds This Auto Company To Growing List Of Self-Driving Partners Investor's Business Daily +6.10% Mar-15-18 Lyft partners with auto parts supplier Magna for self-driving vehicle tech, gets a $200 million boost American City Business Journals Mar-15-18 Magna to supply Lyft with kits to make self-driving autos Reuters
Whatever the details of the deal, there is no doubt that self driving vehicles are the future. Once driver sentiment towards these vehicles turns positive (perhaps with the help of more tax incentives) the industry will grow very quickly.
The share price seems to be consolidating after news of the recent contract. It is better to supply an industry than being an industry leader. For example, Tesla is out on its own and if the company hits trouble there is nobody there to support it except the current management. If Magna International Inc. was to experience problems with one customer it could simply look for a replacement.