Wall Street’s New SPAC Obsession is a Technology Elon Musk Mocks as a ‘Fool’s Errand’: Report

Tesla CEO Elon Musk thinks self-driving cars don’t need lidar, but nearly all of his competitors disagree, Business Insider reports.

Lidar stands for Light Detection and Ranging, a pulse-laser technology that measures the distance between objects — such as self-driving vehicles.

That means lidar could play a major role in an autonomous-vehicle industry that could be worth $170 billion by 2040. Read more.

Total
0
Shares
Related Posts