Can't compete with Tesla robotaxi❓ It's created by the Chinese team in Shanghai ⁉️. Musk doesn't want to admit it and WH too 😂
With General Motors Pulling the Plug on Cruise, Every American Automaker Except Tesla Has Called It Quits on Robotaxis
For more than a year after robotaxi company Cruise paused its self-driving ride hailing service, General Motors executives repeated the same talking points: Cruise robotaxis will be back on the streets soon; GM is still committed to Cruise.So it came as a surprise on Tuesday when General Motors so suddenly changed its tune—announcing that it would stop funding Cruise’s robotaxi service and would bring the startup’s technical employees in-house, where they’ll focus on self-driving technology for the autos GM sells directly to consumers.In a call with analysts, GM CEO Mary Barra cited the “time and expense” that would have been required to keep scaling the robotaxi business. She also cited increasing competition, even though Cruise really only has one major competitor these days—Alphabet’s Waymo, which offers its robotaxi service in Los Angeles, Phoenix, and San Francisco, and will soon debut in Miami, Austin, and Atlanta.
With General Motors Pulling the Plug on Cruise, Every American Automaker Except Tesla Has Called It Quits on RobotaxisDisclaimer: 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.