Google’s Self Driving Cars are IRRELEVANT in Analyzing the Viability of TAXI

Some TAXI stock promoters and Uber Deniers claim that Uber drivers will be unemployed soon.

They cite GM/Lyft’s announcement they will begin TESTING self driving cars in mid-2017, not starting mass production for consumer purchase. Google began testing in 2010, so Lyft/GM is 7 years behind Google.

See:

http://www.wsj.com/articles/gm-lyft-to-test-self-driving-electric-taxis-1462460094

I’m a big, big fan of Google and Elon Musk, co-founder, CEO and product architect of Tesla Motors. I DO think Google and Musk will begin offering self driving cars in the early 2020’s.

Google forecasts “…self-driving car[s] will be ready by 2020 and [Google] is in talks with major auto manufacturers as it prepares for mass production…”

However, it will take awhile AFTER the early 2020’s for regulators and passengers in New York, Chicago and Boston to feel comfortable getting into taxis without drivers!!!!!!

By then TAXI and the taxi medallion system will be long dead!!!!!

More detail below.

“…General Motors Co. and Lyft Inc. within a year will begin testing a fleet of self-driving Chevrolet Bolt electric taxis on public roads, a move central to the companies’ joint efforts to challenge Silicon Valley giants in the battle to reshape the auto industry.

The plan is being hatched a few months after GM invested $500 million in Lyft…”

The investment was made in January 2016, just four months ago.

On October 9, 2010 Google announced they had just completed 140,000 miles of testing for their self-driving cars,

https://googleblog.blogspot.com/2010/10/what-were-driving-at.html

After 5 years of testing, as of March 2016, Google has test driven their fleet of vehicles in autonomous mode a total of 1,500,000 miles.

https://static.googleusercontent.com/media/www.google.com/lt//selfdrivingcar/files/reports/report-0316.pdf

Chris Urmson, project director for Google’s self-driving car project, said its self-driving car will be ready by 2020 and it is in talks with major auto manufacturers as it prepares for mass production.

Urmson’s timeline for when Google’s self-driving car will be widely available aligns with that of Tesla Motors Inc. CEO Elon Musk, but the two dispute who will be first to sell one, and whether legislating rules for the technology will be a major impediment to its adoption. Musk vows that his electric car manufacturer will be the first to market, but said a lack of federal regulations could delay them until 2023.

http://www.ibtimes.com/google-inc-says-self-driving-car-will-be-ready-2020-1784150

 

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