That's a better, but still weak sensor suite. It's probably enough for freeway driving under good conditions. It's far below Google's sensor suite. Or Volvo's.
Now they just have to write software smart enough to not plow into stationary vehicles on the shoulder. There are videos of three separate Tesla crashes where the Tesla plowed into a vehicle partially blocking a lane.
There have been several announcements of low-cost solid-state LIDAR units for automotive. Quantergy announced last year, but didn't ship.[1] Innoviz announced this year to ship in 2018.[2] Advanced Scientific Concepts can't get their costs down.[3] (They have a great unit that costs $100K; the Dragon spacecraft uses it during docking.) Those are all-solid-state devices. There are also some companies trying to use MEMS mirrors, like TV projectors. Eventually somebody will get 3D LIDAR technology working at a low price point, but it hasn't happened yet.
[1] http://www.quanergy.com/products/ [2] http://spectrum.ieee.org/cars-that-think/transportation/sens... [3] http://www.advancedscientificconcepts.com/applications/autom...