Tesla's new self driving hardware/360 degree vision to allow for Level 5 autonomy

Tesla's new self driving hardware/360 degree vision to allow for Level 5 autonomy

With the announcement that all Tesla vehicles will be equipped with self-driving hardware, one analyst thinks it's game over for the traditional automakers out there.

The cost of enhanced Autopilot today, and fully autonomous driving in the future (<em>click to enlarge</em>)

The cost of enhanced Autopilot today, and fully autonomous driving in the future (click to enlarge)

Global Equities Research’s Trip Chowdhry says that Tesla's self-driving announcement spells the end for the likes of Mobileye and traditional automakers.  In Chowdhry's words, Tesla's announcement means that traditional automakers are "toast."

As Chowdhry explains (via Barron's):

Fast will beat the Slow – Tesla continues to out-innovate every technology company.

Tesla Network for Car Sharing and for Ride-Hailing is another breakthrough innovation coming in December 2017

Winners: o Tesla o Nvidia (NVDA) Losers: o Mobileye is toast, obsolete technology, Zero chance for Mobileye to remain even relevant

o Traditional Auto manufacturers are also toast, too slow and completely clueless

We're not so sure that traditional automakers are "toast" following Tesla's self-driving announcement, as all the major OEMs seem to have an autonomous program of some nature (they likely are just not 'tooting their horn' quite as much), but one thing is for sure...in this industry, you need to be able to react quickly and Tesla has time and again shown it's abillity to do this quite well.

Source: Barron's