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  "documentTitle": "Aurora Innovation, Inc. (AUR)",
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  "notes": "This is a research note page from Kerrisdale Capital, focusing on the competitive landscape and economic viability of Aurora's autonomous trucking strategy.",
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      "text": "There's no good economic rationale for Aurora to command the lion's share of the pie.",
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      "text": "In addition to Daimler-Torc, Kodiak AI is another autonomous-trucking software company with an already working technology in isolated use-cases like mining, oil exploration, and the military...",
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      "text": "To make matters more difficult for Aurora, competition is catching up and approaching the problem differently. Daimler Benz, the largest truck manufacturer in North America with a greater than 40% market share, is the most significant case in point...",
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      "text": "One way to think about this market is that 20 billion autonomous miles save about $20 billion in driver costs but necessitate the construction of an elaborate hub-and-spoke trucking ecosystem. Of that $20 billion, about a quarter is the reliability/logistics discount...",
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      "text": "We don't think there's any chance that Aurora's vision for autonomous trucking will be implemented. There are just too many holes in it. The “dramatically transferrable” driving capability on the highway hasn't been so easy to transfer...",
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      "text": "“not just writing the code to drive the truck.” — Torc Solutions description",
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      "kind": "title",
      "text": "V. Where Does Aurora Go From Here?",
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