The Ultimate Investment Manager Reveals Waymo's Surprising Growth: 100,000 Paid Robotaxi Rides Per Week!
In a groundbreaking revelation, Waymo co-CEO Tekedra Mawakana shared on social media that Waymo is now giving over 100,000 paid robotaxi rides every week in Los Angeles, San Francisco, and Phoenix. This figure is double what was previously disclosed and showcases the remarkable growth of Waymo's autonomous taxi service.
Waymo has achieved this milestone with a fleet of hundreds of fully autonomous and electric Jaguar I-Pace vehicles. While the exact fleet numbers are not disclosed, a recent report revealed that Waymo has 778 robotaxis under its deployment permit in California. This expansion has been particularly notable in California, where Waymo obtained the final permits to operate commercially last August.
The company's presence in Phoenix continues to grow, and it has expanded its services in San Francisco to a 24/7 operation. Waymo is also making strides in Los Angeles, with new service areas in the San Francisco Peninsula and testing of fully autonomous vehicles on freeways. Additionally, the company is working towards offering pickup and drop-offs at San Francisco International Airport.
Despite the revenue generated from its commercial expansion, Waymo's parent company, Alphabet, announced plans to invest an additional $5 billion in the self-driving subsidiary over the next few years. This underscores the significant costs associated with scaling up autonomous taxi services.
In conclusion, Waymo's rapid growth in providing paid robotaxi rides signifies a major advancement in the autonomous vehicle industry. Investors should take note of the potential financial implications of this expansion, as it could impact Alphabet's overall performance in the coming years. It is crucial to stay informed about developments in the autonomous taxi sector to make informed investment decisions.