> Most of the commercial value is achieved at Level 4. There are two markets: - Level 4 driverless taxis (~$500B market) - Level 5 driverless cars for every

> Most of the commercial value is achieved at Level 4. There are two markets: - Level 4 driverless taxis (~$500B market) - Level 5 driverless cars for every human being (~$10T+ market) So, most of the commercial value for Uber, Lyft, etc. is from L4, but L5 is where the most overall economic value is. But L4 has to be achieved in all locations, otherwise that TAM is highly variable.