Tesla Motors: ‘Traditional Automakers are Toast’

Yesterday, Tesla Motors ( TSLA ) announced that all its cars would come with the hardware necessary for what it describes as " full self-driving ." Global Equities Research's Trip Chowdhry , as is his wont, is ecstatic, calling Mobileye ( MBLY ) and traditional automakers--we can only assume he means Ford Motor ( F ), General Motors ( GM ), and the rest--"toast." He explains why: