I wonder how far they are from profitability on a cost per ride basis. The biggest long term risk to self driving cars is probably that number being unreachable. The super expensive base vehicles don't help either. They need lidar hats for the Kia Forte or whatever
Replacing ~minimum wage drivers in conventional cars with expensive cars backed by expensive software developers and operations staffs is almost certainly not a business model. There may be (probably will be) a business model behind autonomous driving technology in some undefined future. But there's no guarantee Waymo won't be another killed by Google in the interim. The thought from a decade ago that the average tee…
If the former, I think a viable model could be to eventually start selling the hardware (along with ongoing software updates, cloud services, maintenance, etc.). Let individuals across the world buy self-driving cars and run them as small businesses through whatever rideshare services they want in whatever locations they want. If there's a way, people will make the economics work. Over time, autonomous vehicle operators could eventually price human drivers out of the market on Uber and Lyft.
I see the current phrase of centrally managing all this as essentially a public beta test. Once the tech is proven and the regulatory environment is mature, the situation will change drastically. The Waymo app/network would no longer be needed at that point, unless it happened to become a big enough cash cow to be worth keeping around.