Waymo, Cruise, Mobileye, and Tesla are all tackling self-driving cars in different ways - here's the breakdown

Cruise was acquired by GM in 2016, to a total price of $1 billion with hiring costs and expansion spending baked into the deal.

The division is now worth close to $15 billion, after follow-on investments from Japan's SoftBank and Honda.

GM Cruise is currently building self-driving technology into a fleet of all-electric Chevy Bolts that will form the backbone of a ride-hailing service rolling out in US cities in 2019. GM will also partner with Honda to create an all-new platform for Cruise that will be a purpose-built autonomous vehicle, rather than an adaptation of an existing car.

Cruise is focusing on the urban environment and, like Waymo, is leaning on lidar while also outfitting its vehicles with other types of sensors and cameras. But the secret sauce it integrated manufacturing at an industrial scale — something that GM has been doing successfully for 100 years.

Intel bought Israel's Mobileye in 2017 for $15.3 billion. Infamously, Mobileye powered the early versions of Tesla's Autopilot, before a spat between the companies led Tesla to go it alone.

Mobileye uses a visual, camera-based approach to self-driving tech that differs from he core of what Waymo and Cruise are doing. Mobileye also has to act as a supplier to clients, rather than being able to assemble its own vehicles.

This makes it sort like Waymo to Tesla's GM, as far as the camera-and-sensors approach goes. The pluses here are that visual tech can work in environments that lidar doesn't like, such as bad weather.

Visual technology can also be cheaper — much cheaper — than lidar, while also being less obtrusive for vehicle design. But to make it work, the self-driving part demands a massive amount of computing power, to crunch all that visual data.

We're still waiting for what's been called the "Tesla Network," but in the meantime, there are thousands of Autopilot-enabled Tesla cars on the road, creating data that can presumably contribute to a gigantic machine-learning paradigm.

Tesla is also the only carmaker that's gone all-in with the cameras-and-sensors approach that also makes its own vehicles and can pursue a proprietary, integrated solution.

That sounds great, but that also means that Tesla's Autopilot — which hasn't reached the full self-driving capability the company has promised — is currently entirely consumer-oriented. Tesla hasn't been able to launch a ride-hailing or ride-sharing service, although presumably, it could roll one out in coming years.