Part 6/12:
Publicly traded AV companies such as Cruise and Aurora are trading at fractionally low values—far below their peaks—indicating investor skepticism. Many have experienced significant losses, and raising capital is becoming increasingly difficult. This negative sentiment persists despite technological progress.
Tesla, in contrast, is benefiting from strong cash reserves ($29 billion) and is viewed as being in a better position to capitalize on autonomous driving advancements. As skepticism grows around other companies, Tesla’s financial strength might enable it to push ahead in the AV race, especially in markets like China.