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Tesla's comments and actions show that it may already be behind competitors in self-driving technology.
Tesla (TSLA -1.44%) has been a leader in autonomous driving with its Autopilot software, which costs between $6,000 and $12,000 in new vehicles. But is Tesla the industry leader, or are companies like General Motors (GM 2.54%) and Alphabet (GOOG 0.75%) (GOOGL 0.62%) surpassing Tesla's technology with very little fanfare?
Stock prices used were the afternoon prices of Aug. 15, 2022. The video was published on Aug. 15, 2022.
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
Travis Hoium has the following options: long March 2023 $250 puts on Tesla. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy.
Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/riiv, I'll earn some extra money that supports my channel. My opinions remain my own and are unaffected by The Motley Fool.
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