Wall Street is quietly retreating from its enthusiasm for Tesla's self-driving car plans - Business Insider

This story requires our BI Prime membership. To read the full article,

But then, suddenly, there was a massive shift. Alphabet launched Waymo, its self-driving service that had been known as the Google Car project, and General Motors bought a San Francisco startup, Cruise Automation, and began the process of transforming it into a $20-billion standalone autonomous-mobility business.

Musk doesn't mind surfing the buzz. But despite the 90-degree inflection of Tesla stock chart since last October, Wall Street is starting to wonder if Autopilot can really advance to being a technological and business-model competitor to the leaders at the moment. That could be Tesla's fate. On the ride-hailing/sharing side, however, autonomy promises to create much more lucrative opportunities. It's the business to bet on for the 2020s, much as Tesla was the electric car play in the 2010s, rising from less than $20 per share post-IPO to over $630 per share a decade on.

Huh. No surprise. I don’t think the system is ready and won’t be for years yet. They could speed things up by having a transponder on every car so they could automatically be aware of eachother. A tonne of stuff goes on on surface roads that isn’t even car related.

that's because self-drive cars will be not be a viable invest for years. they are simply too dangerous when combined with the unpredictability of other drivers

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Wall Street analysts pushed for IBM CEO Ginni Rometty to retire - Business InsiderWall Street analysts and pundits were pushing for Ginni Rometty to retire as CEO, even after a killer quarter and promises for more growth
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

Elon Musk like 'quiet assassin' as Tesla short-seller arguments erode - Business InsiderTesla has an edge over other automakers in battery technology, charging infrastructure, and autonomous-driving technology, Gene Munster said.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

Wall Street analysts say these stocks are 'compelling' including Oxford Industries and iHeartMediaThese stocks have 'compelling' stories analysts say.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »