Is Waymo Worth $175 billion?

Such valuations definitely justify Waymo’s business plan of providing the operating systems for other companies’ autonomous vehicles. That includes Peterbilt semi-tractors in Atlanta, Chrysler Pacific Minivans in Phoenix, and Jaguar IPaces in Arizona.
A huge advantage is to this plan is that the manufacturing is left to the companies that specialize in it. A great benefit is that Chrysler Fiat (NYSE: FCAU), Tata Motors (NYSE: TTM), and PACCAR (NASDAQ: PCAR) take many of the risks. Tata owns Jaguar and Peterbilt is a PACCAR subsidiary.
Waymo avoids the expense of building a factory and setting up dealerships, and all the trouble of dealing with the United Auto Workers (UAW). Companies with existing factories, supply chains, dealerships and union contracts take the risks.

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