Brings their potential market from $$$$$$$ to just $$.
Transportation is a huge industry compared to just ridehailing (which is perhaps just 1% by value).
And investors care about potential market size.
Transportation is a huge industry compared to just ridehailing (which is perhaps just 1% by value).
And investors care about potential market size.
Both markets could probably be made profitable, but their consumer transportation efforts are further along. If you have to cut one, trucking is the better choice.
Those are two vastly different things. Unless you're saying that self-driving cars/personal vehicles will replace the other things?
I have a toy model for e-trucking + autonomy + middle mile. But its a long hard slog to roll out (ha! pun!)