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> They spent $457m last year on autonomous and flying cars with $0 in revenue from those projects.

I sincerely hope they weren't expecting any revenue from those for the next decade or two. Anything else would be delusional.




I think both Uber, Lyft and (to some extent) Tesla have been working on autonomous cars because it's not an immediately implausible way for them to turn profitable.

I personally agree it's a multi-decade (if ever) thing, but if Uber et al. claim they'll have it in 2 years, without facts on the table it boils down to who the investors believe in.


Even if autonomous cars were 99.99% reliable tomorrow, it would take a decade to get through regulators. Maybe longer.


Can they sustain 5B losses for a decade? Can any investor?


Softbank can.




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