This Move Will Save Tesla’s Stock

By Douglas A. McIntyre Published Mar 1, 9:29AM EST

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This Move Will Save Tesla’s Stock — © Waymo Chrysler Pacific... (CC BY-SA 4.0) by Dllu

The world does not have a true self-driving car. Several car companies and software firms have chased the dream in the US, and several of the large EV companies in China have done the same. A self-driving win in China would be huge since it is the largest EV market in the world by far. If Tesla’s (NASDAQ: TSLA | TSLA Price Prediction) fast-growing AI initiatives allow it to market a car that needs no driver intervention, it will have changed the industry as much as the EV did.

The most prominent self-driving initiative in the US is Alphabet’s (NASDAQ: GOOG) Waymo. It currently has small services in LA, San Francisco, and Phoenix. However, it has not been tested on open roads around the US. And since Waymo is not a car company, it would need to find manufacturing partners which could adopt and adapt its software.

Several Chinese EV companies have what they call “self-driving” features. The most notable is from the country’s industry leader BYD. It has just released what it calls “God’s Eye.” Tesla has also launched its product in China. Tesla’s management remarked that it had “already been released for some car models and will be gradually rolled to other suitable car models.”

The rise of supercomputers may help Tesla’s self-driving future. CEO Elon Musk recently wrote on X, “Tesla is an AI/robotics company that appears to many to be a car company.” Nvidia CEO Jensen Huang recently said that Tesla is “far ahead” in self-driving cars.” Based on Huang’s wide experience with AI, his view carries special weight.

If Tesla is an “AI/robotics company” that will launch the first really self-driving car in history, the recent drop in its stock will reverse, and then, it should set new highs.if…

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.