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Benzinga
Benzinga
Business
Surbhi Jain

Tesla's $4.20 Robotaxi Disruption - Waymo Should Be Worried

Tesla Inc. Waymo Los Angeles Doug Anmuth Elon Musk Nasdaq JPMorgan SF Uber Austin
Robotaxis in SF, CAL.

Tesla Inc.‘s (NASDAQ:TSLA) recent Robotaxi launch in Austin grabbed headlines with a cheeky $4.20 flat fare and Elon Musk-style bravado. But JPMorgan analyst Doug Anmuth notes it's just the beginning. Tesla plans to scale from 20 to 1,000 vehicles and expand to LA, SF, and beyond in months.

In contrast, Alphabet Inc.‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Waymo already operates over 1,500 vehicles across four cities and recently surpassed a 250K weekly trip run-rate. In California alone, Waymo grew rides by over 670% YoY in the first quarter.

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