Latest news with #TekedraMawakana
Yahoo
23-05-2025
- Automotive
- Yahoo
Alphabet's Waymo to Reach $6 Billion in Bookings by 2034 According to TD Cowen
On May 22, TD Cowen analyst John Blackledge said that Alphabet Inc.'s (NASDAQ:GOOGL) autonomous vehicle ride-hailing service Waymo is projected to achieve a gross booking of $6.1 billion in 2034. Blackledge mentioned that Waymo was the clear U.S. leader in the sector. The analyst cited that Waymo is now worth 2% of Alphabet and has an individual valuation of approximately $60 billion. During the Q1 FY2025 earnings call, the management highlighted that Waymo is serving over 0.25 million paid passenger trips each week, which is 5 times higher than a year ago. On May 21, co-CEO Tekedra Mawakana told CNBC that Waymo has reached 10 million trips, doubling in the past five months. During Q1, Waymo launched its paid service in Silicon Valley through a partnership with Uber. The company expanded its services in Austin and plans for a public launch in Atlanta this year. Blackledge projects Waymo will experience its vehicle numbers grow to more than 3,500 by the end of 2026. The company plans to launch in at least two new cities per year in the U.S. between 2027 and 2029 and three new cities between 2030 and 2034, Blackledge added. With this strategic plan, the analyst anticipates Waymo's gross bookings to jump from $230 million in 2025 to $6.1 billion in 2034. Despite being bullish on Alphabet Inc.'s (NASDAQ:GOOGL) Waymo, Blackledge pointed out that the autonomous vehicle market was not a 'winner takes all' scenario. The analyst expects that Waymo's market growth would be driven partly by collaborations with its peers, such as Uber and Lyft. 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 cheapest AI stock. Read Next: and . Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Automotive
- Yahoo
Alphabet's Waymo to Reach $6 Billion in Bookings by 2034 According to TD Cowen
On May 22, TD Cowen analyst John Blackledge said that Alphabet Inc.'s (NASDAQ:GOOGL) autonomous vehicle ride-hailing service Waymo is projected to achieve a gross booking of $6.1 billion in 2034. Blackledge mentioned that Waymo was the clear U.S. leader in the sector. The analyst cited that Waymo is now worth 2% of Alphabet and has an individual valuation of approximately $60 billion. During the Q1 FY2025 earnings call, the management highlighted that Waymo is serving over 0.25 million paid passenger trips each week, which is 5 times higher than a year ago. On May 21, co-CEO Tekedra Mawakana told CNBC that Waymo has reached 10 million trips, doubling in the past five months. During Q1, Waymo launched its paid service in Silicon Valley through a partnership with Uber. The company expanded its services in Austin and plans for a public launch in Atlanta this year. Blackledge projects Waymo will experience its vehicle numbers grow to more than 3,500 by the end of 2026. The company plans to launch in at least two new cities per year in the U.S. between 2027 and 2029 and three new cities between 2030 and 2034, Blackledge added. With this strategic plan, the analyst anticipates Waymo's gross bookings to jump from $230 million in 2025 to $6.1 billion in 2034. Despite being bullish on Alphabet Inc.'s (NASDAQ:GOOGL) Waymo, Blackledge pointed out that the autonomous vehicle market was not a 'winner takes all' scenario. The analyst expects that Waymo's market growth would be driven partly by collaborations with its peers, such as Uber and Lyft. 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 cheapest AI stock. Read Next: and . Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Automotive
- Yahoo
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.
CNBC
21-05-2025
- Automotive
- CNBC
Waymo's co-CEO on 10 million driverless rides and Tesla's coming robotaxi challenge
Alphabet's self-driving unit Waymo may not be as loud as Tesla in the autonomous vehicle race, but co-CEO Tekedra Mawakana says that Waymo is the only company that's operating fully driverless rides at scale - most recently notching 10 million autonomous rides. CNBC's Deirdre Bosa sits down with her in an exclusive interview at the Google I/O developer conference on Tuesday.
Yahoo
21-05-2025
- Automotive
- Yahoo
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.
