4.8 • 56 Ratings
🗓️ 11 March 2025
⏱️ 5 minutes
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0:00.0 | Alphabet's Waymo just announcing another expansion, the autonomous vehicle company now offering service to riders in much of its hometown Silicon Valley. |
0:08.4 | That's its fifth service area increase in the past year. |
0:12.0 | Deer Tobosa has the news for today's tech check. |
0:15.0 | I just saw this in Arizona. |
0:16.6 | It is remarkable to see in person just kind of the way that the... |
0:21.7 | I didn't try it because I was missing my parents and they had a car, so I didn't need to. |
0:25.9 | But it was just amazing to see the types of things that they can navigate, you know, left turns. |
0:32.4 | I mean, I just grabbed a coffee across the street here in San Francisco and I saw like three of them. |
0:37.0 | So they're all over the city. |
0:38.6 | But expanding to Silicon Valley, that's really this full circle moment for Waymo, coming 15 years after it began as Project Shofar inside Google's X-Lab. |
0:48.7 | Now, it would take nine years to deliver its first commercial, fully autonomous ride-hailing service ride in Phoenix, but it's |
0:55.3 | really gone into hyper speed expansion over the last two years. It's now serving over 200,000 |
1:01.0 | paid trips each week across San Francisco, L.A., Phoenix expansion to Austin, Atlanta, and Miami's |
1:07.6 | coming. They're testing in Tokyo. And yet, yet, guys, investors are not pricing it |
1:13.1 | into Alphabet stock. Google is trading at 18 times forward earnings. That's lower than it was |
1:18.5 | during the COVID selloff in 2020 and approaching the lows of the 2022 tech selloff. |
1:23.8 | Tesla, meanwhile, gets a ton of investor love for a robo taxi service that doesn't even exist yet. |
1:29.1 | Here was Ron Barron on Swack this morning. |
1:32.3 | Instead of making $5,000 or $6,000 or $7,000 a car, you're going into robo cars. |
1:37.3 | And every time they have a million cars that they make, that they keep, there are $30,000 apiece that last a million miles. |
1:43.8 | Those cars are going to generate |
1:45.7 | 50,000 revenue miles a year. |
... |
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