[bigyikes]

Are they foolish otherwise?

They’re making 50,000+ rides per week already, with a very limited rollout.

They only have to match the cost and convenience of Uber in order to utterly dominate the market.

Once they fully solve self driving, which they inch ever closer towards doing, they can focus on cost reductions. Given that they don’t have to pay drivers, the potential profit margin is incredible.

They will be fully uncontested soon. The only possible competition is Tesla, which has very impressive models, but is still far away from deploying actual robotaxis.

I wish I could invest.

[mansoor_]

The total investment is now approx $10B, with a revenue of $ 50 million (projection). Not great.

Yeah, they don't pay drivers, but their cars' hardware costs mean that they won't break even with human-driven taxis for quite some time (unless they manage to decentralise the computing).

To put some rough numbers to this, the sensor set in each car, is probably ~$75K (was initially $150K).