>On the bullish side, the VW deal
Oh, I think everyone missed this. Rivian is betting Elon made a big mistake by designing FSD to be strictly for Tesla. Rivian are doing FSD to license it out to other manufacturers. They're planning to open a new market.
I was just thinking about this recently. It doesn’t seem to make sense for each brand to have its own self driving implementation.
Who cares about Tesla, the comparison here is Waymo who has already been doing this for much longer.
But how could they beat Waymo or Tesla? At some point, these companies will offer an L4 package to car makers.