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The current state of the automotive industry highlights Tesla’s leadership position alongside other notable players such as Waymo, while traditional automakers like General Motors (GM) appear to be lagging in innovation. Critics point out that GM has effectively shut down its Cruz project, raising questions about its competitive viability. In contrast, Tesla and Waymo seem to be emerging as the frontrunners in this rapidly evolving market.
Flat argues that the story extends beyond Tesla and Waymo. He stresses a broader transformation within the automotive sector as new business models emerge. He contends that ridesharing platforms like Uber also play a crucial role in aligning supply and demand within this transition.