Tesla Can Make Cybercab For The Same Money It Takes Waymo To Install Lidar Sensors On Its Robotaxi, Says Ark Analyst
Portfolio Pulse from Anan Ashraf
Tesla's Cybercab production costs are expected to be significantly lower than Waymo's lidar sensor installation costs, according to Ark Invest analysts. Tesla's Cybercab, which will be priced below $30,000, is set to enter production before 2027. Tesla plans to start a ride-hail service in Texas and California next year, potentially competing with Waymo.
November 01, 2024 | 6:58 am
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POSITIVE IMPACT
Tesla's Cybercab production costs are projected to be lower than Waymo's lidar installation costs. This positions Tesla competitively in the autonomous vehicle market, with plans to start a ride-hail service in Texas and California next year.
The news highlights Tesla's cost efficiency in producing the Cybercab compared to Waymo's lidar costs, suggesting a competitive advantage. Tesla's plans to launch a ride-hail service further enhance its market position.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Waymo's lidar installation costs are high compared to Tesla's Cybercab production costs, potentially impacting Waymo's competitive position in the autonomous vehicle market.
The high cost of Waymo's lidar installation compared to Tesla's Cybercab production could impact Waymo's competitiveness, especially as Tesla plans to enter the ride-hail market.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 70