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Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) Waymo Autonomous Driving Unit, John Krafcik, Licensed Tesla Inc (NASDAQ: TSLA) as a competitor in an interview with German director Magazin.
What happened: “For us, Tesla is not a competitor at all,” Krafcik told Director Magazin.
“We are building a fully autonomous driving system. Tesla is an automaker that is developing a very good driver assistance system, ”Business Insider reported, citing the interview.
The executive claimed that Waymo’s sensor configuration was “an order of magnitude better.”
“It’s a misconception that you can just keep developing a driver assistance system until one day you can magically switch to a fully autonomous driving system,” Krafcik said, according to Business. Insider.
Why is this important: The auto executive said “the costs of the technology are vastly overestimated” in Waymo’s case, Forbes reported.
Krafcik said the costs of owning one of Waymo’s vehicles were comparable to those of a moderately equipped vehicle Daimler AG (OTC: DDAIF) manufactured a Mercedes S-Class sedan.
This vehicle costs nearly $ 180,000 in the United States, according to Forbes. Waymo uses LiDAR technology in its vehicles.
Last year, Waymo had said its autonomy strategy was “orders of magnitude more advanced” than the competition – in a jibe over Tesla.
This month, Waymo said he would stop referring to the term “autonomous driving” and instead use “deliberate language” in connection with his technology and called it “fully autonomous driving technology” to distinguish himself from others. companies that use the term.
Musk said this month that even if the cost of lidar sensors drops to zero, Tesla will not use them.
Price action: Alphabet’s Class A shares closed up 0.45% at $ 1,892.56 on Friday and Class C shares closed nearly 0.5% higher at $ 1,901.05. On the same day, Tesla shares closed 0.2% higher at $ 846.64 and gained 0.1% in the after-hours session.
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