I think it's great we finally have self-driving cars, but why the huge valuation? Waymo has the enormous capital cost of owning the cars. Unlike taxi companies they don't push that capital cost to their drivers.
Plus although they have the capital cost of owning the cars they don't have the COGS of paying the drivers so presumably much higher margin per ride.
I think it's great we finally have self-driving cars, but why the huge valuation? Waymo has the enormous capital cost of owning the cars. Unlike taxi companies they don't push that capital cost to their drivers.
Uber without the expense or problem of a driver.