Tesla is in talks with 'one major automaker about licensing Full Self-Driving'

- Tesla (TSLA) released their Q1 2024 results, which missed expectations - Elon Musk announced that Tesla is in talks with one major automaker about licensing Full Self-Driving technology - Even if a deal is signed this year, it would likely be 3 years before an OEM can implement it - Tesla plans to supply its self-driving on-board computers and cameras to OEMs and license them the software - Tesla seems to be ahead in level 4 autonomous driving compared to other automakers outside of China, with the exception of Waymo - There is speculation that an automaker like Ford could be interested in off-loading autonomy to Tesla - The move may be criticized as Tesla has yet to achieve self-driving, but if the v12 technology builds enough confidence it could lead to a quick deal.

Summarized top reddit comments: - Elon Musk is promoting Tesla aggressively - Unlikely that Tesla will ever license Full Self-Driving technology - Potential partnership between Tesla and Mercedes for FSD licensing - Speculation about Tesla potentially partnering with Fisker or using QNX from BlackBerry - Uncertainty about which car maker Tesla is in talks with - Possibility of Tesla partnering with a successful car company to produce a $15K car with FSD