Tesla in Early Discussions to License Self-Driving Technology to Major Automaker
WHAT YOU SHOULD KNOW
- Elon Musk revealed during the Q2 2022 earnings call that Tesla is exploring the possibility of licensing its Autopilot/Full Self-Driving technology to a “major OEM” (Original Equipment Manufacturer).
- Integrating Tesla’s self-driving technology into another automaker’s vehicles would require substantial effort and coordination due to the differences in approaches to autonomous driving technology between Tesla and most other automakers
- Tesla’s Autopilot and Full Self-Driving features have faced increased scrutiny over safety concerns, with Autopilot being linked to numerous accidents and fatalities since 2019.
During the Q2 2022 earnings call, Elon Musk, the CEO of Tesla Inc., confirmed that the company is in the early stages of discussions to license its self-driving technology to a major automaker. This move could potentially involve integrating Tesla’s Autopilot/Full Self-Driving package into the vehicles of the partner automaker. However, Musk acknowledged that this integration would require significant effort, considering the differing approaches to autonomous driving technology between Tesla and most other automakers.
The decision to explore licensing opportunities for Tesla’s self-driving technology comes amid growing scrutiny of the Autopilot and Full Self-Driving features. According to reports, Tesla’s Autopilot has been linked to 736 accidents and 17 fatalities in the United States since 2019. Despite these concerns, Tesla maintains that vehicles equipped with Autopilot and Full Self-Driving are safer than the average U.S. vehicle, citing a lower accident rate per million miles. However, leaked data reports have revealed thousands of customer complaints related to self-acceleration issues and braking problems.
The potential partnership with a major OEM could have significant implications for the autonomous driving technology sector, as it would require cooperation and coordination between Tesla and the unnamed automaker to integrate the self-driving computer and camera system into their vehicles. This move could potentially open new avenues for Tesla to expand the reach of its autonomous driving technology beyond its own vehicles.
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