4 ms·
the selling point to VCs and investors was that they would burn cash to acquire a customer base and then self-driving cars would allow them to cut their costs a
by ren_engineer 4y ago
the selling point to VCs and investors was that they would burn cash to acquire a customer base and then self-driving cars would allow them to cut their costs and print money. That obviously didn't work out and even if it had the big players like Google or even Tesla would have eventually rolled out cloned delivery programs with their own self-driving tech and beat them
they really never should have been valued as tech companies, they are basically commodity transport companies like airlines who will at best have razor thin margins