1. Waymo expanded its service area in Austin to 90 square miles. 2. Tesla's robotaxi service remains limited to invited users. 3. Waymo's growth allows more public access to autonomous rides. 4. Uber app pairs riders with either human drivers or robotaxis. 5. Tesla's scaling plans for robotaxis are currently unclear.
The competition between Waymo and Tesla in the autonomous vehicle space is ongoing. This does not provide a clear impact on GOOG's stock, as both companies present unique challenges and opportunities.
GOOG's Waymo is a crucial part of its future growth strategy in autonomous vehicles. The direct competition with Tesla may influence investor sentiment and strategic direction.
Recent developments may affect future valuation but lack immediate market clarity. Historical examples like Uber's fluctuations during service expansion may apply.