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  "documentTitle": "Aurora Innovation, Inc. (AUR)",
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  "presentationDate": "2025-08-01 00:00:00",
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      "text": "We think the total lack of progress on this suggests that a) Aurora is well aware that its guidance is just aspirational promotion and b) there's just no serious party willing to invest the money.",
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      "text": "If its own guidance is to be believed, Aurora needs 40-80 terminals built over the next 2 years, and over a billion dollars in capital invested in them, not to mention a serious logistics planning effort to manage the system.",
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      "text": "Aurora likes to talk about the $1 trillion US trucking market. But a thorough analysis of the economics of autonomous trucking reveals that the big numbers are just fluff. Very little of that is available for Aurora to pick off.",
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      "text": "In reality, trucks can't be perfectly timed, traffic and business activity are seasonal, no terminal is going to be evenly staffed at all hours day and night, and it's basically impossible to permit and construct exactly 40 evenly spaced-out terminals.",
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      "text": "13 About half of a typical intermodal terminal's area is used for the rail, cranes, and trailer parking. We don't think autonomous trucks will need as much trailer parking because the entire point of the service is speed.",
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