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Even though models S and X will continue to have radar sensors, software development that uses those sensors has probably stopped.
> eight cameras embedded in each car (and 12 ultrasonic sensors)

So presumably emergency braking will still at least use ultrasonics?

Emergency braking requires quite a bit of range, which ultrasonic sensors on these vehicles definitely cannot replace. They can probably see 10 feet in front of themselves at most; any reaction would be way too late.
Is this really a "We don't need radar anymore" or a "we can't possibly get enough radar components (at the price we want for margins), so we are going to switch earlier then hoped"?
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I'm guessing this is a "what could possibly go wrong??"
Subaru has a pretty good lane keep (eg autopilot) functionality that relies on cameras only. So does Volvo.
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Who needs radar when you have center mounted monocular vision system ... :(
So pretty much the same as humans. Our depth perception doesn't extend very far, so when we're driving, we're not really relying on our stereo vision.