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Tesla Keeps Hyping Robotaxis as Its Future. But It’s Trailing Rival Waymo in a Field yet to Prove Profitable

On Thursday, Tesla hosted a private event for its Cybercab service, though the company disclosed few details about the specific launch. Tesla CEO Elon Musk has heavily banked the company's future on robotaxi success.
Competing with Waymo, Tesla reported only 380,000 cumulative miles of unsupervised rides in its robotaxis, trailing Waymo's 220 million miles across 14 cities. The performance gap underscores Tesla's challenge catching up.
Alphabet's 'Other Bets' segment, which includes Waymo, lost $3.9 billion in the first half of this year on revenue of only $793 million. Neither company has reported robotaxi financial results.
According to Stanford Law School expert Bryant Walker Smith, any driverless car company faces a regulatory maze. Tesla insists its camera-only system offers cost advantage over Waymo's lasers and radar.
Investors may be skeptical after Musk predicted robotaxis would reach half of the American population by 2025. Cornell Tech University researcher Anthony Townsend noted capturing market share in a saturated market remains a challenge.

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Tesla keeps hyping robotaxis as its future. But it’s trailing rival Waymo in a field yet to prove profitable

Nothing is more important to Tesla than its ambitious plan for self-driving “robotaxis.” But even as it hosts an event for its Cybercab service Thursday, it still has a long way to catch up to the competition in an industry where few have made any money at all.

1 day ago·Atlanta, United States

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