Tesla Investor Says EV Giant Will 'Admit' It Needs Lidar Despite Elon Musk Calling It A Crutch
Portfolio Pulse from Anan Ashraf
Tesla may eventually adopt Lidar technology for autonomous driving, despite CEO Elon Musk's criticism of it as a 'crutch'. Ross Gerber, CEO of Gerber Kawasaki, believes Tesla will need Lidar to achieve full autonomy. Currently, Tesla relies on cameras and AI, but other companies like Waymo use Lidar. Tesla plans to start an autonomous ride-hail service next year, with a new robotaxi product, the Cybercab, expected by 2027.
November 02, 2024 | 4:37 am
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NEUTRAL IMPACT
Tesla may need to adopt Lidar technology for autonomous driving, despite Elon Musk's previous criticism. This could impact Tesla's strategy and costs, as it currently relies on cameras and AI.
The news suggests a potential shift in Tesla's strategy towards adopting Lidar, which could affect its cost structure and competitive positioning in autonomous driving. However, this is speculative and not confirmed by Tesla, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100