GM: Robotaxis covering multiple cities within 18 months

[Eric L.]

GM's investor presentation today:
https://www.gm.com/content/dam/gm/ev...set-11-30-2017

"Based on our current rate of change, we expect commercial launch at SCALE in dense urban environments in 2019."

"The biggest business opportunity since the invention of the Internet."

This should take the average American spending on transportation from 17% to less than 5% over the next few years. I can't remember savings like that that quickly before. The tractor did it, but it took 50 years.

Real estate is location, location, location. This will quickly change what location means.