Not only that but they lose $500 million to $1 billion per quarter. Uber is basically a scam to "outcompete" existing taxis and transit by subsidizing huge losses with venture capital infusions that will eventually dry up.
I think a lot of the predictions about self-driving cars are a little silly. Probably less will change than we think. Will anyone who can afford one still want their own car? Pretty much - having your own car means no waiting for your ride to show up, no sharing with strangers who left god-knows-what in the backseat... though of course I'm sure on the margins some people who would love to save the money owning a car [[or owning a second or third car) requires may decide they're better off without. I don't really see how it will be efficient for the "mobility companies" to keep huge roving fleets wandering thinly-populated exurbs and rural areas to be at your door at a moment's notice, so have fun waiting or else buy your own.
I think the auto industry will continue to make cars and people will continue to buy them. I think the increased efficiency of self driving cars will make traffic a little better, but the hugely increased total number of overall cars on the road [[kids, old people, frivolous usage since you can keep playing your iPad while "driving") will probably outweigh that. And I think it's coming less soon than we think.
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