Waymo Expands Robotaxi Service to Four New U.S. Cities
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 14 hours ago
0mins
Source: Newsfilter
- New City Expansion: Waymo announced the launch of its robotaxi service in four new U.S. cities: San Diego, Las Vegas, Tampa, and Denver, further solidifying its market leadership and potentially increasing user adoption and market share.
- Employee Priority Experience: The service will initially be available to Alphabet employees in the coming weeks before a public rollout, allowing Waymo to test and optimize its service in new markets through this phased approach.
- Market Leadership Advantage: Waymo currently operates approximately 4,000 robotaxis equipped with fifth and sixth-generation automated driving systems, maintaining a significant lead over competitors like Tesla and Zoox, showcasing its deep technological expertise and market penetration.
- International Market Strategy: Waymo plans to enter the London market later this year, marking the beginning of its international expansion, with a goal of achieving 1 million autonomous rides per week by year-end, further driving global business growth.
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Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to rise
33 Analyst Rating
26 Buy
7 Hold
0 Sell
Strong Buy
Current: 367.030
Low
305.00
Averages
374.25
High
400.00
Current: 367.030
Low
305.00
Averages
374.25
High
400.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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