Investor Gary Black says that legacy automakers such as General Motors Co. (NYSE:GM), Ford Motor Co. (NYSE:F) and others will not license Tesla Inc.‘s (NASDAQ:TSLA) Full Self-Driving (FSD) technology.
Legacy Automakers Will Bet on In-House Self-Driving Efforts
Responding to a post by Tesla investor and influencer Sawyer Merritt, the Future Fund LLC co-founder said that he had “predicted for years that no legacy auto makers would license $TSLA ‘s FSD technology from them.”
The investor added that “unlike charging capabilities, the legacy OEMS” would be “inclined to build” their own unsupervised autonomous technology as “autonomy becomes table stakes for remaining in the auto business.”
Notably, Ford CEO Jim Farley had, during the company’s first-quarter 2026 earnings call in April, signaled that Ford is closely watching the robotaxi market. Ford’s upcoming Universal EV Platform will also support Level 3 autonomous driving capabilities.
Tesla’s Roadster Reservations, Ross Gerber Touts Waymo Lot
Tesla also opened up reservations for its upcoming high-performance vehicle Roadster ahead of its launch on October 1st. The automaker is charging $50,000 for reservations, including an initial $5,000 credit card payment that’s refundable followed by a $45,000 wire transfer payment no later than 10 days from the initial payment.
On the other hand, investor Ross Gerber of Gerber Kawasaki Wealth Management said that he had spotted a car lot filled with Alphabet Inc.‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Waymo Robotaxis, predicting that a major scaling up of operations could happen in California.
Notably, Waymo recently expanded to Las Vegas, taking the total number of cities to 15 and has said that it plans to roll out its service in Tokyo next year.
Price Action: Tesla shares were up 0.05% to $379.10 during overnight trading on Tuesday.
Check out more of Benzinga’s Future Of Mobility coverage by following this link.
Recent Comments