How Tesla Is Falling Behind in Autonomous Driving

By Travis Hoium – Dec 28, 2022 at 10:45AM

NASDAQ: TSLA

Tesla

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$517B

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(12.06%) $17.45

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$162.13

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Vehicles with no steering wheel are proliferating, but Tesla isn't leading the pack.

Tesla (TSLA 12.06%) is supposed to be the industry leader in autonomous driving, but the data tells us something very different. Tesla doesn't have fully autonomous vehicles on the road, yet competitors like General Motors' (GM -0.04%) Cruise and Alphabet's (GOOG 0.74%) (GOOGL 0.55%) Waymo do! Travis Hoium covers why Tesla is falling behind in the video below.

*Stock prices used were the end-of-day prices of Dec. 20, 2022. The video was published on Dec. 28, 2022.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet and General Motors and has the following options: long March 2023 $250 puts on Tesla. The Motley Fool has positions in and recommends Alphabet, Amazon.com, Tesla, and Uber Technologies. 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 their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.