[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.