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Technology Stocks : Drones, Autonomous Vehicles and Flying Cars -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (3495)	8/20/2024 11:42:09 AM
From: kidl	Respond to of 3610

Waymo, which has about 700 vehicles in its fleet, is the only U.S. firm operating uncrewed robotaxis that collect fares. The company opened its service to everyone in San Francisco in June without joining a waitlist while expanding its operations in metro Phoenix. This month, Waymo extended services to the San Francisco Peninsula and to certain parts of Los Angeles. "People still think of autonomous vehicles as the faraway future, but for more and more people they're now an everyday reality," Chief Product Officer Saswat Panigrahi said in a statement, adding that Waymo's expanded "deliberately" and by "optimizing costs". Let's try to figure this out ... 700 cars. 2,500 employees. Staggering billions of accumulated losses. Sure, at some point this will translate into a viable business. Some 10, 20 years down the road the 15 or so major investors will break even.