TSLA Sep 2024 60.000 put

'Long runway' for Tesla as drivers wary of self-driving tech

Nvidia (NVDA) CEO Jensen Huang praised electric vehicle maker Tesla (TSLA) during an interview with Yahoo Finance following the chip giant's quarterly earnings release. Huang pointed to Tesla's autonomous vehicle technology, claiming the company is "far ahead" of its competition. Autoblog Editor-in-Chief Greg Migliore joins Morning Brief to discuss Huang's bullish sentiment on Tesla and the challenges with autonomous driving's adoption. Migliore outlines his timeline before autonomous vehicles will be deployed en masse: "I look at it more of like a five to ten-year time frame where we'll see these chips and then the technologies that they can power phased into different vehicles. And I think you'll see existing autonomous driving systems like Tesla's Full Self-driving, as well as other programs like General Motors (GM) has a feature called Super Cruise. I think you'll see those systems get increasingly more powerful, and then you'll see some of the features that are a little more basic...those features that are a little more like tertiary but still important, get more powerful and more helpful to the consumer. And I think it'll be a longer runway." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino