[stfp]

> AVs are much better than personal car ownership and will play a big role in improving transportation.

But again what makes you think that AVs won't be personal cars with the same ownership model? GM is suddenly going to be cool with selling 1/10000th of the cars they sell today?

[spacKingChamath]

There is more money longer term in a complete AV system then in personal car ownership. You can see it in GM market capitalization today. They are worth ~30 billion while Cruise is estimated to also be worth 30 billion. Making money off each mile is way more lucrative then selling a vehicles most people don't update for 3-7 years at a time. And it will be better for the consumer because it means more miles per vehicles which = less total vehicles.