Oct. 24 at 11:56 AM
$WRD The initial invested dollar+losses to date for WeRIde, PONY , Cruise, Waymo and Baidu:
WeRide raise
$1.4B. Losses of
$1B. CEO says profitable in 2 years (mid 2027). "Buy" ratings cite strong path via global pilots.
Operate in 11 countries
PONY raise
$1.2B. Losses are escalating and exceed
$500MM. Path to profitability eyed for 2029.
Operate in 7 countries
Waymo raise
$12.2B. Losses are substantial at
$25B-
$30B. CEO confirmed focus on "sustainable business" but no profitability yet.
Operate in 2 countries (1 operational)
Baidu raise
$10B. Losses are
$8B-
$10B. Profitable by 2025.
Operate in 2 countries (1 operational)
Cruise raise
$15B -
$18B. Losses exceed
$12B. Profitability has no projections and ops paused in key cities.
Operate in 2 countries (1 operational)
AV subsidize by parents are Waymo, Baidu and Cruise. Pony, WeRide, Baidu benefit from lower costs, domestic scale, accelerating timelines. Waymo/Cruise face higher hurdles but have deeper pockets.