Tesla's Big Moves in Self-Driving Cars
While Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Waymo is currently the leader in driverless-vehicle miles driven, Tesla (NASDAQ: TSLA) isn't far behind. In fact, one could argue that with Tesla recently having traded at over $60 billion -– higher than any other U.S. automaker -- it must become a leader in autonomous driving, or else. In fact, Morgan Stanley analyst Adam Jonas believes Tesla's "platform" potential is essential to the bull case in which the company reaches an Apple-like valuation:
Could a highly successful Model 3 and its progeny achieve this? In our view, no. Could an electric, autonomous semi truck achieve this? We don't think so. Solar roofs... or Tesla Powerwalls? Not big enough. In our view, there's only one market big enough to propel the stock's value to the levels of [CEO] Elon Musk's aspirations: that of miles, data and content. When does Tesla make the leap to mobility?
Therefore, in order to even think about investing in Tesla at these levels, you need to consider where it stands in the race to a fully autonomous future. Here's what you need to know.
Source: Fool.com
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