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TechCheck

Waymo Pulls Ahead in Robotaxi Race 10/11/24

TechCheck

CNBC

Disruptors, Investing, Faang, Technology, Business, Management, Cnbc, Tech

4.856 Ratings

🗓️ 11 October 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

After Tesla’s Robotaxi day, the focus has been on Uber with shares up 8%. But the biggest winner is with the widest lead is actually Alphabet’s Waymo, already delivering 100k+ driverless rides a week. We spoke to riders in San Francisco and skeptics in New York City on their robotaxi hopes and fears.

Transcript

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0:00.0

shares of Uber now surging today after Tesla's Robotaxi Day offered few details for a long touted driverless ride sharing network, but could investors be missing the stock that is actually leading the

0:13.7

robotaxi race? Dear Dubosa has more on that in today's tech check. Hey Dee.

0:18.4

Hey good morning Carl. So yes, all the focus today that's on Uber as the biggest winner from last night's event.

0:24.8

Investors the thinking is that they can focus once again on the fundamentals.

0:29.6

But Carl's right, Uber doesn't have driverless cars or its own Robotaxi network.

0:35.4

It has partnerships.

0:36.7

The biggest winner with the widest lead in Robotaxies, that would be Alphabet owned Waymo.

0:41.9

That leadership now cemented as we see

0:43.4

that Tesla is still years away from having a robot taxi ride-chair platform.

0:47.3

Waymo's success has been built on two things. Technology and trust.

0:51.4

22 million driverless miles as of June with LIDAR playing a key

0:55.3

role in terms of the technology on the vehicles. Tesla's version by contrast relies on

0:59.7

a combination of cameras and artificial intelligence that's still largely unproven but

1:05.2

potentially higher rewards in terms of cost per mile. Now on the trust piece of it we

1:11.1

went to the streets of San Francisco where Waymo taxis are now

1:14.7

all over and available to the public. Here's a snapshot of the feedback we found.

1:19.7

A logical experience. I actually felt much safer getting in the way more than I do in just like most cars.

1:26.7

I heard about this when I was a kid but like it's here now it's kind of crazy.

1:36.8

In fact we couldn't find a single person who didn't have a good experience or didn't feel safe in a waymo vehicle. So we also pulled some people in New York

1:40.8

where fully driverless roboo taxis don't yet exist.

1:45.0

I couldn't trust it.

1:47.0

I just kind of believe that the car should be driven by a person.

...

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