Tech first companies like Tesla, Rivian, Xpeng and Nio will lead the way.
Staggering amount of regular citizens all over the world does not even know that their car can already park itself using USS or have a cruise control, let alone how to trigger that function.
Tech is irrelevant to most of users, because main goal is to get to destination. Everything else are decorations on a Christmas tree. However from some reason tech bros likes to overplay importance of tech.
If the value add is "no value," Chinese manufacturing has already demonstrated its capacity to dominate that game.
The market can remain irrational as long as its backers remain solvent.
Getting Alphabet to admit that Waymo was a ridiculously expensive failure will take a lot.
This is a great way to think about it honestly. Why pour millions or billions into something when some company is sure to pop up thats doing it better than you and would do anything to land your company as a licensor?
