Fubotv earnings beat by $0.10, revenue topped estimates
Investing.com -- Alphabet (NASDAQ:GOOGL)’s Waymo is expanding its self-driving service in Austin, Texas, to 90 square miles from 37 square miles, the company announced Thursday.
The expansion aims to strengthen Waymo’s position in Austin against competitors like Tesla (NASDAQ:TSLA). Waymo will now serve additional neighborhoods including Crestview, Windsor Park, Sunset Valley and Franklin Park.
Waymo currently operates over 100 vehicles on the Uber (NYSE:UBER) platform in Austin. The company has established itself as a leader in the self-driving taxi industry after years of careful expansion across the United States. Its fleet includes approximately 1,500 vehicles operating in San Francisco and other Bay Area cities, Los Angeles, Phoenix, Atlanta and other locations.
Tesla is working to compete in this space, having recently conducted a small trial with about a dozen Model Y SUVs in a limited area of Austin last month. However, Tesla faces significant challenges in scaling this technology commercially and navigating regulatory requirements.
Unlike Waymo and most competitors, Tesla’s approach differs technologically. The automaker relies exclusively on cameras and artificial intelligence rather than using sensors such as radar and lidar.
"Austin remains one of the fastest growing cities in the country, and we are doing our part to grow with it," said Shweta Shrivastava, senior director of product management at Waymo.
Earlier this week, Waymo reached a significant milestone with its vehicles logging 100 million miles driven without a human behind the wheel, doubling its autonomous mileage in approximately six months.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.