FEEL PART OF ONE PARTY OR THE
OTHER RIGHT NOW.
CHARLIE, THANK YOU VERY MUCH.
>>> TO OUR EXCLUSIVE, LOOK, MA,
NO HANDS INTERVIEW WITH JOHN
KRAFCIK, CEO OF WAYMO.
IT WAS A MAJOR HIT.
THOUSANDS AND THOUSANDS OF YOU
TWEETED DURING OUR
HISTORY-MAKING LIVE RIDE-ALONG
IN THE FULLY AUTONOMOUS RIDE
HAIL SERVICE BUT AFTER OUR SHOW
WRAPPED, WE TOOK AN EVEN LONGER,
MORE COMPLICATED ROUTE IN
CHANDLER, ARIZONA.
I ASKED JOHN KRAFCIK ABOUT THE
COMPETITIVE LANDSCAPE AND IF HE
PLANS ON BEING AN UBER LYFT
KILLER.
THE CHINESE ARE DOING IT.
A COMPANY CALLED PONY.AI, UBER,
LYFT, TESLA.
EVERYONE.
DAIMLER BENZ JUST BOUGHT TORT
ROBOTICS.
THEY WANT TO DO TRUCKING.
>> TRUCKING AS WELL, THAT'S
RIGHT.
LIZ: HOW ARE YOU GOING TO BEAT
THEM?
>> I THINK ONE OF THE GREAT
THINGS WE LEARNED ABOUT THE
WAYMO DRIVER IS IT CAN DRIVE A
MINI VAN, A LEXUS, A PRIUS, WE
DEMONSTRATED IT CAN DRIVE A
CLASSIC PETERBILT TRUCK AS WELL.
WE ARE ABLE TO TAKE THE SAME
SENSING AND PUT IT IN THE TRUCK
WITH VERY LITTLE CHANGE AND IT
CAN DRIVE VERY VERY SAFELY FOR
THE WORLD.
THAT'S A BIG PART OF OUR IDEA IN
TERMS OF EXTENDING OUR BUSINESS,
IS TO DRIVE MANY OTHER VEHICLE
PLATFORMS AND TRANSPORTATION
MODES.
HEAVY TRUCKS COMING SOON.
LIZ: YOU WERE THE CEO OF
HYUNDAI.
>> THAT'S WHEN WE FIRST MET.
LIZ: THAT'S RIGHT.
THE SOUTH KOREAN AUTO GIANT.
YOU WERE A COMPETITIVE GUY.
YOU WANT TO KILL SOME OF THESE
COMPETITORS, DON'T YOU?
>> HONESTLY, I SEE US MORE AS
ENABLERS, NOP
ENABLERS, NOT DISRUPTORS.
WE ARE A COMPANY THAT'S BUILDING
DRIVERS.
WE THINK WE HAVE A REALLY GOOD
DRIVER AND I THINK WE CAN
PARTNER WITH ALL SORTS OF
COMPANIES TO BRING THAT DRIVER
TO THE WORLD.
LIZ: THEY WANT TO KILL THEM, I'M
SURE.
THEY WANT, I'M SURE, GENE
MUNSTER, TO BEAT EVERYBODY OUT
THERE WHO IS TRYING TO DO THE
SAME THING.
GENE, A TOP, TOP TECH ANALYST.
YOU HAVE BEEN FOLLOWING THE
AUTONOMOUS WAVE AND HOW TO
INVEST IN IT.
WHAT DID YOU THINK OF THE WAYMO
CEO AND WHAT HE WAS TALKING
ABOUT?
I THOUGHT IT WAS A FASCINATING
EXPERIENCE.
THERE WAS A TEST DRIVER IN THE
FRONT SEAT BUT SHE NEVER TOUCHED
THE WHEEL THE WHOLE TIME.
>> YEAH.
INCREDIBLE ACCESS YOU ARE
GAINING.
I'M ENVIOUS, FOR SURE.
THAT IS THE FUTURE AND HE TALKS
ABOUT NOT BEING DISRUPTIVE BUT
BEING PARTNERING WITH IT.
I AGREE WITH YOUR PERSPECTIVE.
THIS COMPANY WAYMO IS A FORCE OF
DISRUPTION.
ONE OF THE REASONS IS AN
UNDENIABLE TRUTH IS TWO-FOLD
WHEN IT COMES TO TRANSPORTATION.
VEHICLES WILL BE ELECTRIC IN THE
FUTURE AND THEN IN THE MORE
DISTANT FUTURE, THEY WILL BE
AUTONOMOUS.
YES, COMPANIES LIKE WAYMO CAN
PARTNER WITH OTHER PEOPLE, BUT
IF YOU LOOK AT THE VALUE THAT
THEY'RE GOING TO CAPTURE BECAUSE
THAT'S THE REAL ESSENCE, THIS
AUTONOMOUS ASPECT OF IT, THE
VALUE CAPTURE PIECE I THINK IS
MOST IMPORTANT.
SAID A SLIGHTLY DIFFERENT WAY,
COMPANIES LIKE WAYMO, YES, THEY
WILL PARTNER WITH PEOPLE BUT THE
ECONOMICS WILL SHIFT FROM THE
TRADITIONAL AUTO OEMs OVER TO
PLAYERS LIKE BAIDU AND GOOGLE
WAYMO.
TESLA HAS AN OPPORTUNITY THERE
AS WELL.
LIZ: YOU SEE THIS AS A REAL
COMPETITIVE OPPORTUNITY.
LYFT AT THE MOMENT, HAS GONE
PUBLIC LAST WEEK, IS UP ABOUT
3.5%.
I THINK TO MYSELF WITH TESLA,
APRIL 19th, I KNOW YOU KNOW
THIS, ELON MUSK WILL HAVE AN
INVESTOR DAY.
HE'S FOCUSING SOLELY ON THE
FULLY -- THEIR AUTOMATED DRIVING
SEGMENT.
HE'S GOING FORWARD WITH THIS AS
WELL.
IS THERE A WAY TO INVEST THAT
YOU FEEL IS THE RIGHT PATH?
IS IT SIMPLY LET ME BUY GOOGLE
ALPHABET?
>> I THINK GOOGLE'S A GREAT WAY
TO DO IT.
I WOULD CAUTION THAT THIS THEME
AROUND AUTONOMY, IT'S AN
UNDENIABLE TRUTH IN THE DISTANCE
SO THERE CAN BE SOME HYPE BUILT
IN THE NEAR TERM AND I THINK IT
WILL TAKE LONGER IN THE NEAR
TERM.
I DON'T THINK WE WILL SEE
DESPITE YOUR INCREDIBLE
EXPERIENCE, I DON'T THINK THAT'S
GOING TO BE SOMETHING AVAILABLE
TO EVERYONE, EVERYWHERE IN THE
U.S. FOR FIVE, PROBABLY CLOSER
TO TEN YEARS.
TO ANSWER YOUR QUESTION, HOW DO
YOU PLAY THIS FROM A PUBLIC
STANDPOINT, IT IS OWNING
COMPANIES LIKE GOOGLE AND TESLA.
I THINK IT'S VERY
STRAIGHTFORWARD.
IN THE CASE OF REALLY ALL OF
THOSE COMPANIES, EVEN THOUGH THE
AUTONOMY PIECE IS NASCENT AT
BEST, I THINK THEY WILL ATTRACT
INVESTOR ATTENTION OVER THE NEXT
FEW YEARS.
WE ARE JUST SCRATCHING THE
SURFACE AROUND THE SIGNIFICANCE
OF WHAT AUTONOMOUS IS.
SIMPLY PUT, LET ME JUST PUT IT
IN A SLIGHTLY DIFFERENT WAY,
HUMANS SHOULD NOT DRIVE.
HUMANS TEND TO BE GOOD DRIVERS
WHEN THEY CONCENTRATE, BUT
THAT'S BECOMING PROGRESSIVELY
MORE DIFFICULT.
I THINK THAT THERE ARE MANY
BENEFITS TO THIS AUTONOMY THAT
ARE UNDENIABLE.
LIZ: GENE MUNSTER, YOU ARE RIGHT
AND THE NUMBERS PROVE THAT OUT,
THAT DISTRACTED DRIVING IS
KILLING MORE PEOPLE THESE DAYS
THAN YOU CAN EVEN IMAGINE.
I WILL PUT IN A GOOD WORD FOR
YOU WITH JOHN KRAFCIK, SEE IF HE
WILL GIVE YOU A RIDE-ALONG.
>> PLEASE DO.
LIZ: I GOT YOUR BACK.
WATCH OUR COMPLETE
POST-INTERVIEW SHOW INSIDE THE
WAYMO SELF-DRIVING CAR.
IT WAS MORE COMPLICATED, WENT
FOR ABOUT 15 MINUTES.
CEO JOHN KRAFCIK AND I TALKED