The problem with asset-heavy models isn't the cost of capital, which is extremely cheap these days. The problem, as the article alludes to, is that regulator or

The problem with asset-heavy models isn't the cost of capital, which is extremely cheap these days. The problem, as the article alludes to, is that regulator or unions might shut it down, and then their expensive asset sits idle. That only happens if you have a single market without production mobility between them. But if one city shut down Uber's self-driving cars, they could quickly truck them to a new city.