There’s no shortage of investment, from both tech and automobile companies in developing self-driving cars, but even the best ideas can get only so far without a business model.
Unlike Alphabet’s Waymo, ride-sharing companies Uber and Lyft, and Tesla, incumbent automakers may be slower to innovate and change but have decades of experience, and know how to play nice with regulators.
“Building sustainable business models doesn’t thrill Silicon Valley the way innovation does. This industry is best at coming up with an initial vision and creating products and services to achieve that vision. The visionaries and the cultures they inspire usually lack the financial, operational and regulatory commitment and consistency to sustain a large business.”
Read the article at Bloomberg.