Skip to main content

Market Overview

Tesla Robotaxi Rival Waymo To Conduct Tests In Multiple Cities Amid US Autonomous Driving Push

Share:
Tesla Robotaxi Rival Waymo To Conduct Tests In Multiple Cities Amid US Autonomous Driving Push

Alphabet Inc.'s (NASDAQ:GOOGL) (NASDAQ:GOOG) autonomous taxi provider Waymo is set to test its AV taxis in several U.S. cities as the company looks to bolster its position in the domestic autonomous driving sector.

What Happened: In a series of posts on social media platform X, Waymo announced that it would be heading to cities like San Antonio, Orlando and Houston as part of the company's "Road Trip" on Tuesday.




The "road trip" is Waymo's testing system that helps the company improve its autonomous driving capabilities by conducting tests across various cities where the company doesn't operate.

Why It Matters: The news comes in as Waymo is steadily bolstering its presence in the AV sector. Recently, the company announced it reached the 10 million autonomous paid rides milestone, which Waymo doubled in 5 months.

Waymo also partnered with Toyota Motor Corp (NYSE:TM) to develop autonomous driving technology with a key focus on bringing the self-driving capabilities for personal ownership.

The company has been a key player in the domestic autonomous driving market, but faces competition from companies like Elon Musk's Tesla Inc. (NASDAQ:TSLA), which itself is going to launch its robotaxi in Austin next month.

GOOGL scores well on Quality and Growth metrics. It also scores satisfactorily on the Value metric. For more such insights, sign up for Benzinga Edge today!

Check out more of Benzinga’s Future Of Mobility coverage by following this link.

Read Next:

Photo courtesy: Sundry Photography / Shutterstock.com

 

Related Articles (GOOGL)

View Comments and Join the Discussion!

Posted-In: Autonomous Driving electric vehicles Elon Musk EVs mobility robotaxiNews Tech

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com