“Does Tesla or Alphabet Have the Winning Approach to Driverless Car Technology? | TSLA, GOOG”
Tesla's stock faces significant downside risk (50-75%) if self-driving technology fails, due to extreme valuation dependence (P/E 164).
In other words, it is a blow to Tesla, which is entering this market with a camera-only approach. So, let's take a look at the details of this Waymo-Tesla dispute, and what it ultimately means for Alphabet and Tesla stock investors.
The timing was interesting, especially with Tesla preparing to hold a CyberCube event on September 3 to introduce its two-seater vehicle to its small and growing fleet of autonomous taxis.