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> ...when it could generate $300,000 in revenue over a decade? If markets are competitive the profits will be lower. If markets are not competitive (not many c
by repsilat 7y ago
> ...when it could generate $300,000 in revenue over a decade?
If markets are competitive the profits will be lower. If markets are not competitive (not many companies can make or license self-driving AI) the rest will sell cars with steering wheels.
The variable that is actually important is demand. If lots of people want their own car, or want to drive their car, the market will provide those things. If most people are content to rent, ownership might become an unusual luxury.