> I think Tesla is going to win this.
If Tesla can do level 5 in 2-3 years as you say (and that might be a pretty big “if”), that places them 5+ years behind Waymo.
What leads to the win here, then? Waymo constrained by the cost of LIDAR? Is it truly such a massive % of build cost that they can’t succeed? Is it that Tesla is vertically integrated?