Yeah, I do think Waymo is closer to L5 than Tesla is. Obviously, Waymo still has FSD problems to solve but a lot of the autonomous driving that Waymo already has would work in other areas. In fact, there are probably lots of areas in the US where if Waymo deployed today, they could do driverless.
IMO, geofencing is not the main obstacle to Waymo's expansion because creating HD maps is not a big deal. The main obstacles for Waymo are economical, logistical and safety. Waymo can't expand until they can be sure that the ride-hailing will be profitable. There are logistical hurdles with a large ride-hailing fleet. Managing a large fleet of robotaxis, with remote operators on standby if there is a problem, would be very difficult and expensive. Lastly, Waymo would need to make sure their FSD really is safe before doing a large expansion. Otherwise, there could be a large number of accidents that could force them to shut down. So Waymo's best approach IMO is to expand slowly in major metro areas. If Waymo can offer convenient, cheap, safe, driverless ride-hailing, even in just 2-3 major cities, that would be huge. And if the ride-hailing services are profitable, then Waymo can scale up.
Tesla already makes a profit just by selling the car to the consumer. Tesla does not need ride-hailing to make a profit. And if Tesla gets FSD, they can offer it direct to consumers to use in their personal cars. So Tesla is not really in the ride-hailing business. And Tesla already has a large fleet of cars on public roads. Tesla's main obstacle is technological. Tesla can offer L2 features and give value to their customers. But if they want to offer true autonomous driving (no driver needed), then they need to "solve FSD". And for Tesla, "solving FSD" is much harder than for Waymo. That's because it is much harder to solve all of FSD problems everywhere than it is to just solve FSD in a smaller geofenced area. Smaller areas have fewer edge cases.
Definitely. Geofenced L4 is still a major accomplishment. That's because achieving driverless even in a relatively small area, is still hugely difficult. There is a huge leap between autonomy with a driver that can take over if needed and autonomy where there is no driver in the car at all and the car is truly on its own.
Personally, I view L5 a bit like an asymptote. It is something we will get closer and closer to without ever touching. That's because L4 is a limited ODD. So as we remove limits and expand the ODD, the L4 will get closer to L5. But there will still be "holes" in the ODD that we can't do yet, keeping the L4 just shy of true L5. But eventually, I think we might get so close to L5 that we will consider it close enough. Maybe there is a hole in the ODD that the L4 can't do, but if the L4 can be used for like 99.999% of driving, then I think for all intents and purposes, most people would consider it to be L5.