our service – which already provides over 150,000
trips per week across Phoenix, Los Angeles, San
Francisco, and Austin
Interesting. That's about 8 million rides per year.
I wonder how close they are to being profitable? As soon as they are getting close to being profitable, they will probably scale this up super fast.
I don't know how much Google invested into Waymo so far. Something like $10B?
If they at some point make $10 per ride, they would only need something like 50 million rides per year to justify that investment with a p/e ratio of 20.
To go from 8M rides to 50M in 5 years they would have to increase their capacity by 50% per year. Might be possible?
I wonder how close they are to being profitable? As soon as they are getting close to being profitable, they will probably scale this up super fast.
I don't know how much Google invested into Waymo so far. Something like $10B?
If they at some point make $10 per ride, they would only need something like 50 million rides per year to justify that investment with a p/e ratio of 20.
To go from 8M rides to 50M in 5 years they would have to increase their capacity by 50% per year. Might be possible?