One aspect that bears mentioning is that the number of active vehicles in their fleet is restricting the number of rides. The wait times for Waymo are typically much longer, so they are likely providing rides at nearly full capacity to maximize income. With more vehicles, the number of rides would likely increase and start to further accumulate market share. It would be interesting to see how the growth in their market share (in a single market) is proportional to vehicles in operation.
Agreed that the market share will increase with more vehicles, but each additional Waymo vehicle in an already-established market likely brings slightly less marginal revenue than the previous one. So, until the vehicles are cheaper and there is more trust in the tech from the majority of the public, it will probably continue to be an optimal strategy to send new vehicles to new markets rather than attempting to saturate an existing one.
One aspect that bears mentioning is that the number of active vehicles in their fleet is restricting the number of rides. The wait times for Waymo are typically much longer, so they are likely providing rides at nearly full capacity to maximize income. With more vehicles, the number of rides would likely increase and start to further accumulate market share. It would be interesting to see how the growth in their market share (in a single market) is proportional to vehicles in operation.
Agreed that the market share will increase with more vehicles, but each additional Waymo vehicle in an already-established market likely brings slightly less marginal revenue than the previous one. So, until the vehicles are cheaper and there is more trust in the tech from the majority of the public, it will probably continue to be an optimal strategy to send new vehicles to new markets rather than attempting to saturate an existing one.