[Zigurd]

The CEO of Uber was quoted as saying Waymos complete more rides per day than 99% of Uber drivers. He didn't give a precise ratio but this makes me think that hundreds of Waymos can replace thousands of Uber drivers and their cars.

CMs like Magna have the flexibility to manufacture, at the low end, hundreds of vehicles, and at the high end thousands. I doubt Waymo will ever make their own vehicles. They are already working with Toyota on adapting Waymo technology to privately owned cars. That implies mass production. That would be a supply of vehicles that are probably simple to adapt to robotaxi use.

[harmmonica]

That's a crazy statistic and an interesting one for him to actually say out loud. Was that in the context of Uber partnering with Waymo in Austin? And thanks for the insight on the manufacturing side. Sounds like it might actually be to their advantage to use third parties because you can spread the demand around and since auto margins are not high the added cost for that benefit is minimal.

[Zigurd]

Private cars have a ridiculously low duty cycle. They mainly sit around waiting for their owners to use them. I suppose at some point in the future there might be a traffic jam of autonomous vehicles, but only if the providers are antisocial and don't coordinate ride destinations and routes.