This isn't a good outcome for Zoox, which raised its Series B at a $3.2B post-money valuation in July 2018. The company also raised ~$200M of debt in 2019 and nearly $1B in total funding. Meaning it's likely only investors will get paid out for this $1B exit.
"When I look out at the landscape of personal financial products, so many of them focus either on analyzing money or managing/moving it, but not both. Doing this in a holistic manner is difficult, especially with accounts across institutions. But it seems to me that it is the key to having an actually organized and manageable financial life."
While a surprising statistic, this number has actually improved in the last five years. "This is an improvement from half of adults in 2013 being ill-prepared for such an expense [$400]" - Report on the Economic Well-Being of U.S. Households in 2017 [0]
>> Please note, customers who choose leasing over owning will not have the option to purchase their car at the end of the lease, because with full autonomy coming in the future via an over-the-air software update, we plan to use those vehicles in the Tesla ride-hailing network.
"For the year ended December 31, 2018, we generated revenue of $755.9 million, as compared to $472.9 million for the same period in 2017, representing year-over-year growth of 60%. For the year ended December 31, 2018, we generated a net loss of $63.0 million and Adjusted EBITDA of $(39.0) million, as compared to a net loss of $130.0 million and Adjusted EBITDA of $(93.0) million, respectively, in the same period in 2017"