Jon Quast

And so a fast-scaling solution will matter.

It does seem like this could favor Tesla, but I wouldn't count out Waymo's ability to drive down costs either.

Well, again, Travis, I think it speaks to what we were just saying.

Directionally, this is heading in a direction where there will be more autonomous driving taxis out on the road, and there will be more people using them, and the technology is getting better.

And so we talk about this scaling to a $100 billion industry in the U.S.

in coming years.

I mean, yeah, it looks like we are heading towards that destination.

Again, though, I'll reiterate, I think that underscores once again that the costs do need to come down for both of these companies.

whether it's Tesla or whether it's Waymo, they both do need a cost-effective solution because as you ramp it up and you're still not cost-effective, I mean, yeah, it's going to be an issue.

What is the point of being first in an industry that has bad economics?

I can think about airlines for a good example here.

So many airlines have bad economics.

It doesn't mean that there's

all bad airline stocks, right?

You can have a good investment in the airline industry, but by and large, the industry is plagued by very tough economics.

I think that we're still there for autonomous taxis.

And so one of these does need to improve for it to be a good investment for people out there.

One of the companies I really find interesting in this space is Mobileye, ticker symbol M-B-L-Y.

The reason I think it's so interesting is because it has all of this add-on hardware and software when it comes to mapping, and it's collecting just so much data.

When it comes to what we're talking about here, rapidly scaling, I think data is important.