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Given their current funding, even at a 400mm/year loss, they could keep going for several years. Maybe that's the plan?
by tibbon 11y ago
Given their current funding, even at a 400mm/year loss, they could keep going for several years. Maybe that's the plan?
- justaman 11y agoTheir plan is to become a household name. A trusted name. Something synonymous is transportation. Then in 5 or 6 years buy thousands of Google-Cars. If they keep burning cash like this I dont think they will make it 5 years and still be in a position to purchase automated cars without additional funding.
- ianstallings 11y agoI think you're on the right track and I think the funding for that push will come from the inevitable IPO, and probably more public offerings after that. But it will be important to be in the black by then. So right now it's all about growth and capturing the market.