Tesla Will Solve Autonomy 'Even If I Got Kidnapped By Aliens Tomorrow,' Says Elon Musk As He Reveals Talks With 'Major Automaker' For FSD Licensing
Portfolio Pulse from Anan Ashraf
Tesla, Inc. (NASDAQ:TSLA) is in talks with a major automaker to license its Full Self-Driving (FSD) software, aiming for true autonomous driving. CEO Elon Musk is optimistic about achieving autonomy, stating Tesla will solve it even in his hypothetical absence. Integration with competitor vehicles is expected to be straightforward but will take time, with a potential deal anticipated this year and integration in about three years. Musk's stance on FSD has evolved, now suggesting that future car purchases will depend on FSD capability. Regulatory approval remains a hurdle, but advancements by other autonomous car companies, like Alphabet Inc's Waymo, are paving the way.
April 24, 2024 | 9:11 am
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POSITIVE IMPACT
Tesla's discussions to license its FSD software to a major automaker and Elon Musk's confidence in achieving true autonomy could positively impact investor sentiment and Tesla's stock in the short term.
The news of Tesla engaging in talks to license its FSD technology to another major automaker signifies potential growth and expansion opportunities for Tesla. Elon Musk's optimistic outlook on achieving true autonomy and the potential for a deal within the year could increase investor confidence in Tesla's future prospects. The integration timeline and regulatory challenges are noted, but the overall sentiment from the news is positive, suggesting a likely upward impact on Tesla's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100