Gary Black Highlights Skepticism Over Tesla's Autonomy Ambitions Amid Competition From Google's Waymo, Baidu, And Mobileye
Portfolio Pulse from Benzinga Neuro
Gary Black, Managing Partner at The Future Fund, expressed skepticism about Tesla's monopoly in the unsupervised L4/L5 autonomy market, highlighting competition from Baidu, Mobileye, and Alphabet's Waymo. Black believes these companies will achieve and receive approval for unsupervised autonomy around the same time as Tesla. He also noted the increasing segmentation between consumer and industrial-strength autonomous vehicles and questioned the evidence supporting Tesla's Full Self-Driving capability.
August 13, 2024 | 11:09 am
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POSITIVE IMPACT
Gary Black mentioned Baidu as a competitor to Tesla in the unsupervised L4/L5 autonomy market, noting that Baidu has already received approval to deploy its autonomous vehicles.
Baidu's existing approvals and recognition as a competitor to Tesla could positively impact Baidu's stock, as it reinforces Baidu's position in the autonomous vehicle market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Gary Black highlighted Alphabet's Waymo as a competitor to Tesla in the unsupervised L4/L5 autonomy market, noting that Waymo has already received approval to deploy its autonomous vehicles.
Waymo's existing approvals and recognition as a competitor to Tesla could positively impact Alphabet's stock, as it reinforces Waymo's position in the autonomous vehicle market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Gary Black highlighted Mobileye as a competitor to Tesla in the unsupervised L4/L5 autonomy market.
Mobileye's recognition as a competitor to Tesla in the autonomous vehicle market could positively impact its stock, as it highlights Mobileye's advancements in the field.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Gary Black expressed skepticism about Tesla's monopoly in the unsupervised L4/L5 autonomy market, highlighting competition from Baidu, Mobileye, and Alphabet's Waymo. He questioned the evidence supporting Tesla's Full Self-Driving capability.
Black's skepticism and the highlighted competition from other companies could negatively impact investor sentiment towards Tesla, potentially leading to a short-term decline in its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100