electric-vehicle startups that have attempted to follow it have demonstrated the enormous challenge of vehicle assembly, even on a small scale. And programming a car to drive in a crowded city is harder than doing the same in a quiet suburb.
It's significant that Zoox is making its vehicles with ride-hailing, rather than personal ownership, in mind, because doing so could allow the company to avoid some of the pitfalls faced by electric-vehicle startups. When you sell cars to customers, the profit margin you earn on each vehicle will be so low that you'll have to make hundreds of thousands of them to turn a profit, Levinson said.
"If people decide that this is going to take 30 years, then we could be the best, but people aren't going to pay for that," Levinson said. "If it's going to take five years but we're 17th-best, then probably people aren't going to pay for that either."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Who wants to be hit by one of these driverless cars?
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Content Moderation Report from Business Insider - Business InsiderThis report analyzes a pressing issue currently facing social platforms — content moderation — and lays out how we expect the debate to evolve.
Source: BusinessInsider - 🏆 729. / 51 Read more »
The eSports Ecosystem from Business Insider Intelligence - Business Insider[NEW REPORT] The eSports Ecosystem: BIIntelligence breaks down the key players and trends driving the red-hot esports space that's on track to surpass $1.5 billion by 2023 BIIntelligence Love this
Source: BusinessInsider - 🏆 729. / 51 Read more »
CECL regulation explained: How it will impact banks, lending - Business InsiderStarting January 2020, big banks will have to record all expected future losses on their loans once they're issued, thanks to a new accounting rule. The Secret History of How Banks Assumed Control of the U.S. Economy Liar 🤥 Great explainer from rapoportmike Keep on writin’ Mike!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Insiders raise questions about SoftBank-backed farming startup Plenty - Business InsiderA futuristic farming startup raised $260 million from Jeff Bezos and SoftBank on the promise of upending agriculture. Insiders are raising questions.
Source: BusinessInsider - 🏆 729. / 51 Read more »
One of these 16 finalists will become Business Insider's 2019 Car of the YearBrands represented this year are Audi, BMW, Cadillac, Ford, Honda, Lamborghini, Mazda, Mercedes-Benz, Nissan, Porsche, RAM, Subaru, and Toyota.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Facebook is quietly setting the stage for an unprecedented new chapter in its business - Business InsiderFacebook is quietly setting the stage for an unprecedented new chapter in its business ...not being a platform for white supremicists and elitists? After The Great Hack which hack is to follow?
Source: BusinessInsider - 🏆 729. / 51 Read more »