4 ms·
This will cover another 4 years of R&D. They have a very long way to go before the economics of their business make sense. They are pretty far from making money
by briandw 2y ago
This will cover another 4 years of R&D. They have a very long way to go before the economics of their business make sense. They are pretty far from making money on a per ride basis. They'll have to show significant per ride profitability before they can scale.
- doctorpangloss 2y agoThey could give the rides away for free, and it would not change anything. Somebody willing to risk $1b on Waymo doesn't credibly care about the kopecks they are earning on rides today. If they did, they would just sit on the sidelines, and wait until it is a public company, and buy post lockup expiry crash priced shares then.
- minwcnt5 2y agoGot a source on that? Their former CEO said they're likely already profitable in San Francisco.