23-05-2017 17:47 via feedproxy.google.com

Google's Waymo could eventually be a $70 billion company (GOOGL)

Waymo, Google's self-driving car project, recently announced a partnership with the ridesharing company Lyft, which could be its first step towards becoming a major contributor to Google's overall value.
If Waymo vehicles can account for roughly 1% of miles driven globally by 2030, Morgan Stanley equity analysts Brian Nowak and Adam Jonas believe it could be worth $70 billion, potentially more. That would add roughly 12% to Google's current enterprise value.
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