Tesla

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So the fundamental difference, just to simplify it all, the Tesla approach versus the Waymo approach, just to really keep it simple, is the Waymo approach is lots of sensors and lots of compute and maps. And the Tesla version is very few sensors, no maps, no high fidelity maps and just generalizing here and cheaper compete for the lack of better word. And the Tesla version of a product, this is in the industry is called an L2++ product, is going to be available everywhere because it's literally cheaper and it doesn't require HD maps. The Waymo product functions better in a geographically constrained area. So you fast forward five years, both of these types of technologies will be much more ubiquitous. L2++ and L4 will be much more ubiquitous, not only in the Bay Area or in parts of China, but really globally. There are companies working on this globally.

And the Tesla version of a product, this is in the industry is called an L2++ product, is going to be available everywhere because it's literally cheaper and it doesn't require HD maps.

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