Tesla Advantage Breeds Apple Opportunityįor the sake of this argument, let's say that tomorrow morning we all wake up and the federal government and regulators have fully approved self-driving, or autonomous, driving technologies. Leveraging this will provide them the opportunity to quickly scale up - whether they end up releasing just the tech for autonomous driving or their own car, independently or in partnership with auto manufacturers.Īs a result, even though I've been slightly bearish on Apple's near-term prospects due to valuation concerns as well as what I predict will be a slower upgrade cycle, the company's long term prospects, on which I am bullish, are heavily reliant on new tech such as this one hitting the market somewhere between 20 in order to aid the company's long term growth. The reason for this is that once regulators approve any of this tech, it'll take months or years before this technology can be used in enough vehicles on the road or installed in existing ones while Tesla can convert their hundreds of thousands of vehicles to self-driving ones at the flick of a metaphorical switch.īut what Apple now has the ability to do is leverage their hundreds of millions of loyal users to quickly ramp up the use of any potential technology given the superior interconnectivity of their devices like the iPhone, iPad and MacBook. Tesla has built a second-to-none system for autonomous driving through the hundreds of thousands of vehicles they have out there on the road analyzing and gathering information in a human-style collection of data system, and as a result I believe that they are miles ahead of any potential competition in the area by Alphabet's Google's Waymo ( GOOG ) ( GOOGL ) and the likes.

AdrianHancu/iStock Editorial via Getty ImagesĪpple ( NASDAQ: AAPL) is the only real potential rival to Tesla's ( TSLA) autonomous tech deployment potential.

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