Jason Lemkin

I gave my I have an extra car.

I just gave it to my daughter.

I don't even use it anymore.

I just use Waymo like there's no need.

Can I ask a predicate question though before I just, because both of you would know and Harry would certainly know.

What funds do these come out of?

Are these SPVs?

Are these side funds?

Because if it's just ringing up your LPs and saying you want a chance to invest at Waymo, I totally understand how these get funded like this, right?

Within a second, who doesn't want to be in it?

If it has to come out of your core funds...

It's not that I don't believe in the math, to Rory's point, but it is a different way you raise capital if it has to come out of the core vehicles.

Yeah, I'm thinking about it.

Revenue multiple is the wrong one because just like compute, we're capacity constrained.

If every single American, just American, forget about the rest of the world, could take a Waymo today, they would, right?

We don't have enough Jaguar E-types and maps done, but what percent of the potential customers even have access?

0.01%?

0.001%?

You almost have to model, OK, let's assume Waymo can get this distribution, which is why Elon's so confident he's going to win, right?

Because all of his Teslas, he may be behind, but he's already got millions of vehicles he can turn on any time.