{
  "docId": "019dd923-622c-750b-8b98-455ec9c0494d",
  "docSlug": "a408d79c90df",
  "documentTitle": "Aurora Innovation, Inc. (AUR)",
  "authorId": "53_Kerrisdale_Capital",
  "authorName": "Kerrisdale Capital",
  "documentKindSlug": "research-note",
  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2025-08-01 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 35,
  "pageCount": 45,
  "prevPage": 34,
  "nextPage": 36,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": "The slide uses a transcript excerpt to argue that autonomous trucking requires significant hardware redundancy and maintenance infrastructure, contradicting the 'software-only' business model narrative.",
  "elementsJson": [
    "paragraph"
  ],
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b98-455ec9c0494d/35",
  "deckHref": "/decks/019dd923-622c-750b-8b98-455ec9c0494d",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b98-455ec9c0494d.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-455ec9c0494d#slide-35",
  "components": [
    {
      "bbox": {
        "h": 0.25,
        "w": 0.7,
        "x": 0.15,
        "y": 0.14
      },
      "kind": "paragraph",
      "text": "Our name is synonymous with safety, we believe the only real safe way to do this is to have a redundant truck... That means that there's two steering systems, there's two braking systems, there's two electrical systems, there's two motion control systems...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "434b0f56-2bc7-41f3-8152-1a45b07c9394",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.7,
        "x": 0.15,
        "y": 0.09
      },
      "kind": "paragraph",
      "text": "bunch of money... it needs to be regarded as a premium service, because of that extra distance you can cover in a day.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "87ebdf33-0c7c-4a65-a160-191efd290709",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.7,
        "x": 0.15,
        "y": 0.82
      },
      "kind": "paragraph",
      "text": "Volvo is also not thinking about this as a cost-saving exercise for shippers, but as a premium service. That's in stark contrast to the way Aurora pitches its business model to investors.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a33d8ec6-2cd3-4a34-ba53-abfe3dae0ba5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.7,
        "x": 0.15,
        "y": 0.68
      },
      "kind": "paragraph",
      "text": "In other words, while Aurora just wants to sell software, there's a lot more that has to actually go into the truck and the servicing of the truck, which is going to be on the OEM and its dealer network.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ab74dd30-49cd-4d7c-91e0-568024173cfb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.7,
        "x": 0.15,
        "y": 0.41
      },
      "kind": "paragraph",
      "text": "So I'll just throw out a number, it would be malfeasance at this point for me to try to sell you a million dollar truck and to take in all the R&D that went into developing that, plus R&D that went into developing the Aurora driver.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c7726c12-eac4-4f37-94c4-55fb7c830dd8",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "ceo-quote-contradiction",
      "slug": null,
      "matchId": "5b7a2c55-77db-4e2d-a921-de9e4d16676b",
      "evidence": "Contrasts Volvo's hardware-heavy operational reality with Aurora's software-only investor pitch.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}