Tesla Will Own The Self Driving Car Industry

By Douglas A. McIntyre Published Jul 27, 1:06PM EDT

Key Points

Tesla Has A Relationship With xAI
Tesla Cars Have Traveled Millions Of Miles

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Tesla Will Own The Self Driving Car Industry — © 2025 Tesla Model Y RWD in Midnight Silver Metallic, front right (BY-SA 4.0) by Ethan Llamas

Elon Musk’s pitch to investors is the EV unit sales are not the primary way to measure Tesla’s (NASDAQ: TSLA | TSLA Price Prediction) future success. The reason to own Tesla’s stock is that it will dominate the autonomous driving sector, not just in the US, but around the world. If so, its stock will soar above its all time high.

Several analysts believe Tesla has a huge advantage over its rivals. Among these are the skill of its staff and its relationship to Elon Musk’s xAI. One of the large AI competitors to OpenAI

Another treason is the amount of data Tesla has collected via cameras as its cars have traveled billions of miles around the US. No other US car company comes close to this.

In a CNBC interview, Dan Ives, managing director and equity analyst at Wedbush Securities, said “I think by November, Tesla will take a big stake and it will get voted on in XAI. So my view is that this is going to be, when it comes to physical AI, one of the key players along with NVIDIA and of course other big tech companies.” Think of it as a kind of robotics.

Several companies are considered competition. Among these, Google’s Waymo is considered the leader. However, Waymo is not so much a car and a software system that runs on someone else’s cars. This division of hardware and software may be hard to mesh. And Waymo has not traveled the many millions of miles Teslas have covered on nearly every road in America.

Jensen Huang, CEO of Nvidia (NASDAQ: NVDA), said a year ago, Tesla had the autonomous driving lead. In terms of AI based companies, who would be a better reference?

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.