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The valuation was largely over the general hype for self-driving vehicles. Those who thought they were imminent must have just been ignorant to how slow regulat
by zanny 7y ago
The valuation was largely over the general hype for self-driving vehicles. Those who thought they were imminent must have just been ignorant to how slow regulation moves and how risk averse corporations are to the potential fallout of being "first to market" with a self driving car that ends up with someone dead regardless of fault.
As the hype dies down so does Ubers market cap.
- ghaff 7y agoYou also had a bunch of execs/founders in SV particularly trying to outcompete each other in their claims about how soon autonomous vehicles were going to arrive. This combined with tech that got to the point where it at least demoed well and a lot of people who really wanted to believe they'd never have to drive a car fell for it hook, line, and sinker. There will certainly be regulatory and liability issues to work through but if the tech were really ready for prime time I actually don't believe those those are showstoppers.