A New $5.6 Billion Injection Hasn't Made Waymo Cheaper, Faster – Self-Driving Rides Still Cost More, Take Much Longer Than Taxis Per Report

Benzinga2024-11-11

Despite a fresh $5.6 billion funding boost, Waymo’s autonomous ride-hailing service still can’t compete with traditional rideshares on either price or speed. In addition to being more costly, Waymo ...

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In addition to being more costly, Waymo ...</p>\n\n<a href=\"https://finance.yahoo.com/news/5-6-billion-injection-hasnt-142440151.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>A New $5.6 Billion Injection Hasn't Made Waymo Cheaper, Faster – Self-Driving Rides Still Cost More, Take Much Longer Than Taxis Per Report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA New $5.6 Billion Injection Hasn't Made Waymo Cheaper, Faster – Self-Driving Rides Still Cost More, Take Much Longer Than Taxis Per Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-11 22:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/5-6-billion-injection-hasnt-142440151.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Despite a fresh $5.6 billion funding boost, Waymo’s autonomous ride-hailing service still can’t compete with traditional rideshares on either price or speed. In addition to being more costly, Waymo ...</p>\n\n<a href=\"https://finance.yahoo.com/news/5-6-billion-injection-hasnt-142440151.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0211328371.USD","symbol_name":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","start_time":0,"source_url":"https://finance.yahoo.com/news/5-6-billion-injection-hasnt-142440151.html","article_id":"2482870987","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482870987","pubTimestamp":1731335080,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Despite a fresh $5.6 billion funding boost, Waymo’s autonomous ride-hailing service still can’t compete with traditional rideshares on either price or speed. In addition to being more costly, Waymo rides are also noticeably slower than regular Uber  or Lyft  rides, according to a recent Forbes study.During market downturns, investors are learning that unlike equities, these high-yield real estate notes that pay 7.5% – 9% are protected by resilient assets, buffering against losses.The global games market is projected to generate $272B by the end of the year — for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.In a comparison of 50 rides in Los Angeles, Waymo rides cost an average of $9.50 more and took more than twice as long to get passengers to their destinations.While the share of Americans using ride-hailing services has more than doubled since 2015, with 36% of adults having used an app like Uber or Lyft by 2018, only a smal","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","LYFT":"Lyft, Inc.","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","LU0187121727.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) INC","BK4566":"资本集团","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","BK4535":"淡马锡持仓","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","BK4077":"互动媒体与服务","BK4588":"碎股","BK4579":"人工智能","LU0048584097.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","BK4574":"无人驾驶","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU0130518102.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"R\" INC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","BK4022":"陆运","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","BK4505":"高瓴资本持仓","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","BK4581":"高盛持仓","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","SG9999015978.USD":"利安颠覆性创新基金A","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","GOOG":"谷歌","UBER":"优步","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","GOOGL":"谷歌A","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0149725797.USD":"汇丰美国股市经济规模基金","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","SG9999014906.USD":"大华全球优质成长基金Acc USD","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC"},"translate_title":"新的56亿美元注资并没有让Waymo变得更便宜、更快——据报道，自动驾驶乘车的成本仍然更高，耗时也比出租车长得多","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UBER":1,"LYFT":1,"GOOGL":0.9,"GOOG":0.9},"content_text":"Despite a fresh $5.6 billion funding boost, Waymo’s autonomous ride-hailing service still can’t compete with traditional rideshares on either price or speed. In addition to being more costly, Waymo rides are also noticeably slower than regular Uber (NYSE:UBER) or Lyft (NASDAQ:LYFT) rides, according to a recent Forbes study. \nDon't Miss:\n\nDuring market downturns, investors are learning that unlike equities, these high-yield real estate notes that pay 7.5% – 9% are protected by resilient assets, buffering against losses.\nThe global games market is projected to generate $272B by the end of the year — for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.\n\nIn a comparison of 50 rides in Los Angeles, Waymo rides cost an average of $9.50 more and took more than twice as long to get passengers to their destinations.\n\nI missed 3 green lights today because a stupid @Waymo couldn't make a left turn. Look at the huge line of cars at the end it created in Santa Monica. I had to make a u-turn in the mid of the road cause this WAYMO wouldn't move! pic.twitter.com/6uZNbx2ThN\n— Flaviyake (@Flaviyake) November 10, 2024\n\nThe main culprits for Waymo’s delays are conservative driving and an aversion to freeways. Waymo cars, which cannot navigate highways, take longer routes that stretch travel times. According to Forbes, in some cases what would have been a 29-minute Uber ride took more than an hour with Waymo. It doesn't help that Waymo often can’t drop passengers directly at their requested location, leaving some with an extra walk at the end of their journey.\nEven as Waymo expands, it’s becoming clear that the company’s self-driving service is more of a premium novelty than a realistic transportation alternative. Although the service is interesting to people who are curious about autonomous technology, regular users of ride-hailing apps are unlikely to replace it because of its higher prices and slower journey times. Despite raising billions, Waymo is having trouble competing with ridesharing services like Uber and Lyft, which have become essential components of city life.\nTrending: With over 7.8K investors including Meta, Google, And Amazon Execs — this AI Startup's valuation has skyrocketed from $5 million to $85 million in just three years. Be an early investor with just $1,000 for only $0.50/share today before the offer closes in 2 weeks.\nA 2023 JD Power poll revealed that only 37% of consumers feel comfortable riding in an autonomous vehicle, down from 42% in 2021. With stories of driverless Waymos getting into traffic mishaps – such as a reported 19-car pileup in San Francisco – it’s no wonder many are wary of trusting these cars.\nWhile the share of Americans using ride-hailing services has more than doubled since 2015, with 36% of adults having used an app like Uber or Lyft by 2018, only a small portion of users rely on these services regularly. Even fewer have opted for driverless cars. And when Waymo’s cars cause bizarre incidents, like getting stuck in traffic alongside each other or waking up residents by honking at each other in confusion, it's not exactly an advertisement for convenience.\n\nImagine being woken up at 4 a.m. by cars honking at each other. That's what some San Francisco residents have been dealing with for weeks, as the Waymos can be heard in this video honking and blinking headlights in a parking lot outside of their condo. https://t.co/2cVmDfUk4i pic.twitter.com/pkxNTT5vXd\n— ABC7 News (@abc7newsbayarea) August 13, 2024\n\nSee Also: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — you can become an investor for $0.80 per share today.\nTo grow its robotaxi service beyond its present operations in Los Angeles, San Francisco and Phoenix, Waymo recently closed a $5.6 billion Series C fundraising round. The funding round, led by Alphabet – Waymo’s parent company – alongside investors like Andreessen Horowitz, Fidelity and Tiger Global, aims to help Waymo advance its technology and expand to new cities. Co-CEOs Tekedra Mawakana and Dmitri Dolgov emphasized that this investment will support the expansion of the Waymo One ride-hailing service and further improvements in the Waymo Driver for broader business applications.\nRead Next:\n\nWarren Buffett once said, \"If you don't find a way to make money while you sleep, you will work until you die.\" These high-yield real estate notes that pay 7.5% – 9% make earning passive income easier than ever.\nThis Adobe-backed AI marketing startup went from a $5 to $85 million valuation working with brands like L'Oréal, Hasbro, and Sweetgreen in just three years – here's how there's a limited time opportunity to invest at $1,000 for only $0.50/share before closing date.\n\nUNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.\nGet the latest stock analysis from Benzinga?\n\nLYFT (LYFT): Free Stock Analysis Report\n\nThis article A New $5.6 Billion Injection Hasn't Made Waymo Cheaper, Faster – Self-Driving Rides Still Cost More, Take Much Longer Than Taxis Per Report originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. 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