The current driverless car industry has four main designers$/$manufacturers: Alphabet $($Waymo$),$ Audi, Uber$/$Volvo$,$ and Tesla.

Alphabet $($Waymo$)$ designs its own software and has prototype driverless cars in test run.

Audi has tested it driverless race cars.

Uber$/$Volvo tests driverless taxi in Pittsburgh.

Tesla is one of the few firms which allow its buyers to install the auto$-$pliot package for their cars so that the drivers do not need to put their hands on the wheel all the time when they drive.

Victor Hugo of UC$-$Riverside conducted a brief five forces analysis based on the information above. Based on the same information and your understanding of the five forces model, do you agree or disagree with Victor's conclusions below?

THREAT OF SUBSTITUTE is high because everybody can drive a car and doesn't have to pay for himself or herself.

True

False