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Data Point
Autonomous Vehicles

Money Pit: Self-Driving Cars’ $16 Billion Cash Burn

A group of 30 companies has spent at least $16 billion on developing fully self-driving cars over the past few years—and so far they have little, if any, revenue to show for it. But billions more will likely be needed before the technology is ready for primetime.

Just three companies spent half of that money—Alphabet’s Waymo, GM’s Cruise and Uber, according to our calculations. Four other companies, including Apple, Baidu, Ford and Toyota, spent most of the rest. Only a few of those—most prominently Alphabet, Toyota and Apple—have the kind of immensely deep pockets that guarantee they can stay the course for the long run. And Apple has already pulled back on its investment. 

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Creator Economy Summit
Announcing the Creator Economy Summit Masterclasses 2022
We’re excited to see everyone on May 25  at The Information’s second annual Creator Economy Summit. Our masterclass breakout sessions are an important part of the Summit. At this year’s event, we’ll have three sets of 45-minute masterclasses. Here is a preview of this year’s topics. For group ticket information, please email [email protected] 10:15...
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