For a visual processing system to accomplish the same task, it must first: identify objects in a frame. Identify objects in the next frame. Identify objects in the images taken from the other cameras. Compare the objects, taking into account positional differences arising from the speed of the vehicle, and triangulate their positions relative to the vehicle.
This is certainly doable (Microsoft Photosynth has been around for at least a decade), but each one of these tasks, and especially the last task, requires more processing power than Tesla has put into its vehicles.
See “Depth Perception” at [1].
But yes, you only need that second eye for stereo vision if you only have data from a single moment in time.
In theory, you can see perfect 3D with a single photoreceptor by scanning with it (giving up temporal resolution, a bit like a electron gun that can write a million pixels per second writes only 50 or 60 images a second on a tv)