Tech
Tesla robotaxi Google Waymo Austin
A driverless Tesla robotaxi and a Waymo autonomous vehicle make their way through roadwork on a residential street in Austin (Jay Janner/Getty Images)

Tesla says cameras are better than other sensors. Americans disagree.

70% of Americans would prefer autonomous cars to use both cameras and lidar.

Rani Molla

Tesla has staked its autonomous driving future on a relatively cheap solution: using cameras alone rather than a combination with the much more expensive lidar that its competitor, Google’s Waymo, employs to operate its self-driving cars. It’s a stance that puts Tesla at odds with most Americans, new data shows.

According to new survey data from Electric Vehicle Intelligence Report, some 70% of Americans said in August that autonomous vehicles should employ both cameras and lidar, while 71% said the government should require companies to use both.

(Of course, the vast majority Americans also say they wouldn’t consider riding in a robotaxi in the first place.)

Tesla is hoping that by keeping costs low for its cars, which are just a fraction of the price of Waymo’s, it will be able to scale its autonomous ambitions much more quickly and cheaply, since it says pretty much any of its cars on the road could potentially be self-driving with updated software.

Musk earlier this year predicted “millions of Teslas operating autonomously” by the end of 2026. So far Tesla’s Austin robotaxi program, which doesn’t have a driver but does have a safety monitor sitting in the passenger seat, has about 30 autonomous cars on the road.

Meanwhile, Waymo so far operates about 2,000 autonomous vehicles.

In a post on X Thursday, Tesla reiterated its stance, saying, “Pure vision beats sensors,” while showing a 3D map of traffic surrounding a Tesla, generated from its cameras.

More Tech

See all Tech
#10

Tesla just recalled its beleaguered Cybertruck for the 10th time since the vehicle was introduced two years ago. This time the company recalled about 6,000 of the “apocalypse-proof” vehicles due to what the National Highway Traffic Safety Administration says is an improperly installed “optional off-road light bar accessory” that could become disconnected from the windshield while driving, and could “create a road hazard for following motorists and increase their risk of a collision.”

CEO Elon Musk once said he could sell up to 500,000 of the stainless steel behemoths a year. In the first three quarters of this year, the company has sold only about 16,000.

tech

Analysts lower Meta price targets after social media giant says AI capex will keep climbing

Meta may have posted record revenue Wednesday but the stock is deeply in the red in the wake of its third-quarter earnings report, after the social media company said that its capital expenditure on AI would continue to rise.

The earnings prompted a number of analysts to lower their price targets or downgrade the stock.

RBC Capital lowered its price target to $810 from $840. Bank of America Securities lowered its price target to $810 from $900. Barclays, JPMorgan, Deutsche Bank, and Wells Fargo also lowered their price targets on the company.

Earlier today, Benchmark downgraded its rating to a “hold” from a “buy.” Oppenheimer downgraded the company to “perform” from “outperform,” saying the “significant investment in Superintelligence despite unknown revenue opportunity mirrors 2021/2022 Metaverse spending.” Ouch.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.