Waymo Halts Robotaxi Services in San Francisco Due to Power Outage
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Newsfilter
- Service Suspension: Waymo has paused its robotaxi services in San Francisco due to widespread power outages affecting approximately 130,000 customers, highlighting the company's vulnerability in crisis situations.
- Restoration Efforts: The company is working closely with city officials to restore services as soon as possible, although no specific timeline has been provided, indicating challenges in crisis management.
- Traffic Impact: The outages caused multiple Waymo vehicles to stall in traffic, reflecting the limitations of autonomous driving technology in extreme conditions, which may affect public confidence in its safety.
- Competitive Dynamics: During this disruption, Tesla CEO Elon Musk noted that Tesla's robotaxis were unaffected, emphasizing the competitive pressure on Waymo in the autonomous taxi market, especially amid growing public concerns about self-driving vehicles.
GOOGL
$307.16+Infinity%1D
Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOOGL is 312.00 USD with a low forecast of 236.00 USD and a high forecast of 350.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
38 Analyst Rating
31 Buy
7 Hold
0 Sell
Strong Buy
Current: 302.460
Low
236.00
Averages
312.00
High
350.00
Current: 302.460
Low
236.00
Averages
312.00
High
350.00
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.
