Why it’s time for Uber to get out of the self-driving car business

Last week, an Uber self-driving car struck and killed pedestrian Elaine Herzberg in Tempe, Arizona. Then on Friday, The New York Timesly reported that the self-driving car program “was not living up to expectations” even before last week’s crash. The cars “were having trouble driving through construction zones and next to tall vehicles,” the Times said.
Uber halted testing nationwide last week. Now Arizona Gov. Doug Ducey has announced that he is seeking to “suspend Uber’s ability to test and operate autonomous vehicles” in Arizona. Given the huge challenges facing the project—and Uber as a whole—Uber CEO Dara Khosrowshahi should consider a drastic remedy: sell off the project to another company.
Reaching commercial viability could easily require several more years of steady funding, and it’s not clear if Uber can provide that. In 2017, Uber lost more than $1 billion per quarter, and at its current burn rate the company will run out of money in 2019 if it can’t raise more. That’s a problem because it’s far from clear the company’s driverless car technology will be ready for a commercial launch by then. The tight financial situation could create pressures to rush Uber’s self-driving car technology into the marketplace before it’s ready.
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Source: Car news one

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