3 Things Alphabet's Management Just Said That Should Make Tesla and Nvidia Investors Happy

Sometimes, valuable information regarding a company's prospects can be garnered from its peers and clients. That's the case with what tech giant and Google-owner Alphabet's (NASDAQ: GOOG) management recently said on its earnings call. Here's a look at three discussion points from the earnings call that are great news for Tesla (NASDAQ: TSLA) and Nvidia (NASDAQ: NVDA) investors.Alphabet Chief Executive Officer Sundar Pichai remarked that he had received his first-ever question on its Waymo self-driving car business during the recent first-quarter earnings call. The question related to Waymo's long-term business model and the possibility of licensing, and his answer read well for Tesla investors. Pichai responded that Waymo could partner with automotive original equipment manufacturers (OEMs) and that "there is future optionality around personal ownership as well." Pichai's comments help affirm Tesla's business model with robotaxis. While Tesla's Cybercab grabs much of the attention because it's a dedicated robotaxi concept with a potential price tag to match, the reality is that nearly all Tesla vehicles could become robotaxis. For example, the planned robotaxi launch in Austin, Texas, in June won't be a Cybercab; it will be a Model Y with unsupervised autonomy. For reference, CEO Elon Musk believes Tesla will have unsupervised full-service driving (FSD) on personally owned cars by the end of the year. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool