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New York Post
62 days

Waymo plans self-driving vehicle test in NYC, eyes expansion

1. Waymo aims to bring self-driving cars to NYC next month. 2. Permit applied for testing with a human specialist behind the wheel. 3. Operating without human drivers requires changes to New York state law. 4. Unique NYC challenges include pedestrians and traffic complications. 5. Waymo faced issues recently, impacting public perception and operations.

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Why Bullish?

Waymo's expansion to NYC could enhance Alphabet's market presence and profitability. Similar expansions have historically improved investor confidence in tech stocks like GOOG.

How important is it?

The article discusses a significant development for Waymo, which can influence GOOG's stock through improved prospects in autonomous transport.

Why Long Term?

If successful, Waymo’s operations in NYC may set a precedent for future expansions in urban areas, boosting long-term revenue potential.

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