Robotaxi Face-Off: It's Waymo Vs. Tesla After General Motors' Exit

Zacks12-11

U.S. legacy automaker General Motors GM has announced its exit from the robotaxi business, marking the end of its Cruise division’s ambitious plans to compete in the self-driving ride-hailing market. ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2490751898?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/w.tH0mKAYlNpOFoDx1GiYw--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/b0c6d74ebecca634ce8b7589701ac537","is_english":true,"pubTime":"2024-12-11 23:23","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2490751898","market":"us","top_or_hot":-1,"title":"Robotaxi Face-Off: It's Waymo Vs. Tesla After General Motors' Exit","media":"Zacks","content":"<div>\n<p>U.S. legacy automaker General Motors GM has announced its exit from the robotaxi business, marking the end of its Cruise division’s ambitious plans to compete in the self-driving ride-hailing market. ...</p>\n\n<a href=\"https://finance.yahoo.com/news/robotaxi-face-off-waymo-vs-152300063.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>Robotaxi Face-Off: It's Waymo Vs. Tesla After General Motors' Exit</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\">\nRobotaxi Face-Off: It's Waymo Vs. Tesla After General Motors' Exit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-11 23:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/robotaxi-face-off-waymo-vs-152300063.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. legacy automaker General Motors GM has announced its exit from the robotaxi business, marking the end of its Cruise division’s ambitious plans to compete in the self-driving ride-hailing market. ...</p>\n\n<a href=\"https://finance.yahoo.com/news/robotaxi-face-off-waymo-vs-152300063.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":"SGXZ23171101.USD","symbol_name":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/robotaxi-face-off-waymo-vs-152300063.html","article_id":"2490751898","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/w.tH0mKAYlNpOFoDx1GiYw--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/b0c6d74ebecca634ce8b7589701ac537"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490751898","pubTimestamp":1733930580,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"U.S. legacy automaker General Motors GM has announced its exit from the robotaxi business, marking the end of its Cruise division’s ambitious plans to compete in the self-driving ride-hailing market. After investing over $10 billion into Cruise since its acquisition in 2016, GM cited several reasons for pulling the plug, including intense competition, high capital demands, and extended timelines to profitability.The automaker will now shift its focus toward integrating autonomous driving technology into personal vehicles, combining Cruise’s operations with GM’s technical teams. GM expects to save over $1 billion annually through its restructuring efforts, which is expected to be completed in the first half of next year.The Robotaxi Market: A Nascent but Lucrative Industry. Waymo has partnered with Hyundai to integrate the Ioniq 5 electric vehicle into its fleet and is expanding its robotaxi service to cities like Miami and","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU0314106906.USD":"MANULIFE GF GLOBAL EQUITY \"AA\" (USD) INC","BK4099":"汽车制造商","LU2054465674.USD":"UBS (LUX) KEY SELEC SICAV DIGITAL TRANSFORMATION T \"P\" (USD) ACC","LU0359201612.USD":"贝莱德中国基金A2","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","USAW.SI":"AMZN 3xLongSG261006","BIDU":"百度","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU0265550359.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A2\" (USD) ACC","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","GM":"通用汽车","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","LU1121112475.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USDHDG) ACC","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU2065171402.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) INC","LU0256863902.USD":"ALLIANZ US EQUITY \"AT\" (USD) ACC","LU2244417387.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) ACC","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","BK4576":"AR","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","GOOG":"谷歌","LU1043141396.HKD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (HKD) ACC","GOOGL":"谷歌A","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","LU1935042215.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC A","IE0003U64NQ7.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) ACC","LU1868836914.USD":"CT (LUX) I AMERICAN \"3\" (USD) ACC","LU1261432733.SGD":"Fidelity World A-ACC-SGD","TSLA":"特斯拉","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","LU0345774631.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) INC","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","IE00BYQQ9H92.USD":"BNY MELLON GLOBAL LEADERS \"A\" (USD) ACC","LU1069344957.HKD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (HKD) INC","BK4559":"巴菲特持仓","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU2063271972.USD":"富兰克林创新领域基金","BK4538":"云计算","BK4579":"人工智能","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","CAGR":"California Grapes International, Inc.","AMZN":"亚马逊","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","LU0788109477.HKD":"BGF GLOBAL ALLOCATION \"A2\" (HKDHGD) ACC","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD"},"translate_title":"Robotaxi对决：Waymo与通用退出后的特斯拉","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BIDU":1,"USAW.SI":1,"TSLL":1,"TSLA":1,"GOOGL":1,"GM":1,"CAGR":1,"AMZN":1,"GOOG":0.9},"content_text":"U.S. legacy automaker General Motors GM has announced its exit from the robotaxi business, marking the end of its Cruise division’s ambitious plans to compete in the self-driving ride-hailing market. After investing over $10 billion into Cruise since its acquisition in 2016, GM cited several reasons for pulling the plug, including intense competition, high capital demands, and extended timelines to profitability.\nThe automaker will now shift its focus toward integrating autonomous driving technology into personal vehicles, combining Cruise’s operations with GM’s technical teams. GM expects to save over $1 billion annually through its restructuring efforts, which is expected to be completed in the first half of next year.\nThe decision comes after Cruise faced significant setbacks, including regulatory scrutiny and safety concerns. In October 2023, Cruise suspended its driverless operations following a pedestrian crash in San Francisco, resulting in a $1.5 million fine from the National Highway Traffic Safety Administration (NHTSA). Despite attempting to restart supervised autonomous driving in Phoenix and expanding to cities like Dallas and Houston, GM’s confidence in Cruise’s future waned. In July, the company announced its decision to indefinitely delay the production of Origin autonomous vehicles (AVs).\nThe Robotaxi Market: A Nascent but Lucrative Industry\nRobotaxis are among the most interesting technological innovations we are currently witnessing. Per MarketsandMarkets, the global robotaxi market is projected to grow exponentially, from $400 million in 2023 to $45.7 billion by 2030, at an impressive compound annual growth rate (CAGR) of 91.8%. North America alone is expected to account for $13.3 billion of the market by the end of the decade, representing a CAGR of 97.6% during the 2023-2030 period. With such immense potential, companies are vying for dominance in this transformative sector.\nHowever, the road to success is fraught with challenges. High development costs, stringent regulations and public safety concerns continue to hinder widespread adoption. GM’s withdrawal underscores the difficulty of scaling a robotaxi business, even for established automakers. As the market matures, companies with deep pockets, strong technical capabilities, and strategic partnerships are likely to emerge as winners.\nWaymo Leads the Robotaxi Space\nAlphabet’s GOOGL Waymo is the clear leader in the U.S. robotaxi space. Waymo, a subsidiary of Google parent Alphabet, has achieved significant milestones in the AV industry. With a commercial robotaxi service operating in major metropolitan areas like San Francisco, Phoenix and Los Angeles, Waymo is well ahead of its competitors. The company recently secured a $5.6 billion funding round—its largest to date—bringing its total capital raised to over $11 billion.\nWaymo has partnered with Hyundai to integrate the Ioniq 5 electric vehicle into its fleet and is expanding its robotaxi service to cities like Miami and Austin. Impressively, its autonomous vehicles have logged over 20 billion miles in combined real-world and simulated testing, ensuring robust software capabilities. Currently, Waymo conducts more than 100,000 weekly trips for passengers via its Waymo One app. With Alphabet’s commitment to invest $5 billion in the coming years, Waymo is poised to cement its dominance in the robotaxi market.\nTesla’s Entry Could Reshape the Landscape\nWhile Waymo has established a commanding lead, Tesla TSLA is gearing up to challenge its supremacy. Tesla CEO Elon Musk has ambitious plans to launch a self-driving ride-hailing service in California and Texas by 2025, pending regulatory approvals. Tesla’s Full Self-Driving software, currently in a supervised capacity, is expected to transition to unsupervised operation in select states.\nMusk also teased the development of a $30,000 autonomous Cybercab, a two-seater vehicle without steering wheels or pedals, targeting a 2026 launch. Tesla’s strategy to leverage its existing customer base and over-the-air software updates could provide a competitive edge in scaling its autonomous services quickly. Additionally, regulatory changes under a potential Trump administration could ease bureaucratic hurdles, giving Tesla a smoother path to deploying its robotaxi fleet.\nTSLA currently sports a Zacks Rank #1 (Strong Buy).  You can see the complete list of today’s Zacks #1 Rank stocks here.\nOther Players in the Robotaxi Race\nSeveral other companies are striving to make their mark in the robotaxi industry. Amazon’s AMZN subsidiary Zoox is testing custom-built autonomous vehicles without steering wheels in cities like San Francisco and Las Vegas. Mobileye and Volkswagen are working together to deploy robotaxis, and anticipate the first commercial service to begin sometime in 2026. \nInternationally, China’s Baidu BIDU is making strides with its Apollo Go platform, which operates in over 10 cities and aims to deploy 1,000 robotaxis in Wuhan by year-end. Baidu is the first to offer fully driverless services in Beijing, Wuhan, Shenzhen and Chongqing. The company’s sixth-generation robotaxi costs half as much as its predecessor, bringing the company closer to profitability by 2025.\nFinal Thoughts\nWith GM stepping back, the robotaxi spotlight is firmly on Waymo and Tesla. Waymo, with its years of experience, extensive testing and strategic partnerships, stands as the clear frontrunner, already offering commercial services in multiple cities. On the other hand, Tesla’s bold vision, coupled with its ability to leverage existing technology and scale quickly, presents a formidable challenge as it prepares to enter the market.\nThe coming years will reveal whether Tesla can disrupt Waymo’s dominance or if other emerging players can carve out their share of this burgeoning market. One thing is certain—this robotaxi face-off is just getting started.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAmazon.com, Inc. (AMZN) : Free Stock Analysis Report\nBaidu, Inc. (BIDU) : Free Stock Analysis Report\nGeneral Motors Company (GM) : Free Stock Analysis Report\nTesla, Inc. (TSLA) : Free Stock Analysis Report\nAlphabet Inc. (GOOGL) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2490751898"}