It's not fraud, it's just a bad investment. Unless Waymo is saying "we guarantee to have this technology doing this impossible thing and making a trillion doll

It's not fraud, it's just a bad investment. Unless Waymo is saying "we guarantee to have this technology doing this impossible thing and making a trillion dollars in revenue in 5 years" there is nothing illegal about it. Being disingenuous is almost never the same thing as fraud. By simply prefacing each statement with "we hope to" it removes legal liability. It's not illegal to be optimistic. Staging demos where the cars perform better than average isn't illegal, it's just misleading. Likewise, making projections about revenue isn't illegal, it's just not grounded in reality. I'm not accusing Waymo of fraud. I'm saying their technology isn't going to be ready anytime soon, and they aren't making any legally binding statements to refute that - so why would it be fraud?