Tesla and Waymo duel in the robotaxi race — but the company spending the most bu

If you own Tesla stock, much of what you are paying for above the value of a carmaker is a bet on autonomy and artificial intelligence that has barely reached the income statement: full self-driving software, the Optimus robot and a robotaxi network.

The robotaxi is the nearest-term and most testable piece of that bet, and this spring it amounted to about 20 driverless Tesla Model Y vehicles in Austin, Dallas and Houston. Value the car business the way investors price any other automaker, and it accounts for only a fraction of the stock; the rest is the market's bid on that future, a premium no ordinary carmaker could carry. What is new is that the bet is finally testable against operating data rather than projections.

'We are habitually frugal': My wife and I have money. How do we help our children without ruining their independence?

This disease is more expensive than cancer and heart disease combined. And it's only going to get worse.

This is not only a Tesla TSLA story. Autonomous driving has been separating investors from their money for years — from the self-driving Google cars promised to the public by 2017 to the roughly $10 billion that General Motors GM poured into Cr

Fuente original: Yahoo Finance (https://finance.yahoo.com/technology/ai/articles/tesla-waymo-duel-robotaxi-race-025500343.html)