Waymo Claims to have Doubled its Robotaxi Trips in Five Months, Reaching 10 Million
Waymo, the autonomous ride-hailing business owned by Alphabet Inc. (NASDAQ:GOOGL), accomplished 10 million paid robotaxi trips, co-CEO Tekedra Mawakana revealed at the Google I/O developer conference on Tuesday, May 20, 2025. The significant achievement doubles the total number of trips in just five months and includes rides in Austin, Los Angeles, San Francisco, and the Phoenix area.
Mawakana stated:
'These are all paid trips, and they represent people who are really integrating Waymo Driver into their everyday lives,'
A user's hands typing a search query into a Google Search box, emphasizing the company's search capabilities.
According to Alphabet Inc. (NASDAQ:GOOGL)'s April earnings report, Waymo is currently providing more than 250,000 paid rides every week. This week, the company also got regulatory authority to extend its services to San Jose and other parts of the San Francisco Bay Area.
The "Other Bets" division of Alphabet Inc. (NASDAQ:GOOGL), which includes Waymo, reported $450 million in revenue in the first quarter of 2025, a 9% year-over-year drop, while operating losses grew to $1.23 billion from $1.02 billion. "We're proving out that it can be a profitable business," Mawakana added, even though Waymo is not yet profitable. The company is super focused on building a sustainable business.
Waymo prioritizes safety over rival Tesla's planned robotaxi launch. Elon Musk, the CEO of Tesla, announced that the service will debut in Austin the following month with a fleet of ten vehicles. Tesla aims to quickly expand to San Francisco and Los Angeles if it is successful. Unlike Waymo, Tesla's system is reliant on cameras rather than lidar or radar.
'There's probably a lot of ways it can be done, but we're the only ones that have done it,' she said. 'We've been doing it 24 hours a day for almost five years. And so to us, it's really important to focus on safety, not focus on safety and then cost — not cost and then safety.'
While we acknowledge the potential of GOOGL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GOOGL and that has 100x upside potential, check out our report about this
READ NEXT: Nike Restructures the Technology Division, Laying Off Some Employees and Alphabet's Waymo has Secured Approval to Expand its Driverless Ride-Hailing Service to San Jose.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
23 minutes ago
- Yahoo
Fortinet (FTNT) Launches New AI-Powered Workspace Security Suite and Powerful FortiDLP Upgrades
We recently published a list of . In this article, we are going to take a look at where Fortinet, Inc. (NASDAQ:FTNT) stands against other buzzing AI stocks on latest news and ratings. On June 4th, Fortinet, Inc. (NASDAQ:FTNT) announced a new AI-powered Workspace Security Suite, the FortiMail Workspace Security, along with powerful FortiDLP upgrades, aiming to better protect modern businesses. The new capabilities allow FortiMail to be recognized as one of the broadest and most customizable email security platforms, protecting beyond email to incorporate browser and collaboration security. Together with new features in FortiDLP, Fortinet's next-generation data loss prevention (DLP) and insider risk management solution, users will be able to avail a unified, AI-powered approach to safeguarding users and sensitive data across today's dynamic work environments. A close-up of a user authenticating into a secure network using a two-factor authentication process. By integrating artificial intelligence with integrated email, browser, collaboration, and data security, the company aims to offer better protection for security teams so that they can turn complexity into clarity and threats into easier tasks handled. 'In today's evolving threat landscape, securing user productivity and sensitive data requires a unified strategy that considers both outsider threats and insider risks. Cybercriminals are aiming their efforts right at users and increasingly leveraging tools like FraudGPT, BlackmailerV3, and ElevenLabs to automate the creation of malware, deepfake videos, phishing websites, and synthetic voices—making attacks more scalable, convincing, and difficult to detect. With our expanded AI-powered FortiMail Workspace Security suite and FortiDLP solutions, Fortinet empowers organizations to stay ahead of threat actors and insider risks while ensuring users, data, and productivity remain secure.' Fortinet, Inc. (NASDAQ:FTNT), a cybersecurity company, provides enterprise-level next-generation firewalls and network security solutions, leveraging artificial intelligence across its cybersecurity products. Overall, FTNT ranks 9th on our list of buzzing AI stocks on latest news and ratings. While we acknowledge the potential of FTNT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.


Bloomberg
36 minutes ago
- Bloomberg
Musk Blinks First in Trump Feud That Cost Him $34 Billion
When Elon Musk and Donald Trump joined forces during the presidential campaign, there was always a question over how long their alliance would last and who would prevail if it didn't work out. After the public spat between the world's richest man and its most-powerful leader spun out of control on Thursday, the answer was clear: It was Musk who eventually backed down when Tesla Inc.'s stock price tanked and his net worth crumbled by $34 billion. The damage to Musk's business empire will be difficult repair — with Tesla's stock up only about 4% soon after the market's open, recouping just some of its previous day's slide.
Yahoo
36 minutes ago
- Yahoo
Jobs report lift, Tesla stock rebounds, Lululemon sinks
Yahoo Finance host Madison Mills tracks today's top moving stocks and biggest market stories in this Market Minute, including Tesla's (TSLA) rebound this morning after erasing $153 billion in market value due to CEO Elon Musk's feud with President Trump and Lululemon Athletica (LULU) cutting its full-year forecast over tariff pressures. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. Sign in to access your portfolio