CNBC is reporting that Morgan Stanley analysts have cut their valuation of Waymo by 40%. Morgan Stanley’s valuation of Waymo is still a hefty $105 billion. But this valuation level is down from $175 billion previously. The most significant factor contributing to Waymo’s lowered valuation, is Morgan Stanley’s view that the industry is developing at a slower pace than expected. Additionally, the continued need to use safety drivers negatively impacts profits in the ridesharing business. Supporting Morgan Stanley’s view about Waymo, GM’s Cruise Automation announced a delay recently beyond the end of 2019 for the deployment of their autonomous taxi service.
Waymo Might Not Be as Valuable as We Think
