Is Tesla Falling Behind in Autonomous Driving?

By Travis Hoium – Aug 16, 2022 at 12:00PM

NASDAQ: TSLA

Tesla

Market Cap

$537B

Today's Change

(-1.11%) -$1.89

Current Price

$168.29

Price as of April 26, 2024, 4:00 p.m. ET

Tesla's comments and actions show that it may already be behind competitors in self-driving technology.

Tesla (TSLA -1.11%) 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 0.48%) and Alphabet (GOOG 9.96%) (GOOGL 10.22%) 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 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.

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