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Waymo reports 250,000 paid robotaxi rides per week in U.S.

1. Waymo delivers over 250,000 paid rides weekly, up from 200,000 in February. 2. CEO Sundar Pichai mentions exploring various business models for autonomous vehicles. 3. Waymo partners with Uber and automakers to expand its robotaxi services. 4. Competitor Tesla faces criticism for its delayed autonomous vehicle offerings. 5. Waymo leads the U.S. market in self-driving technology compared to Tesla.

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FAQ

Why Bullish?

Waymo's increasing ride volume signals robust market demand, positively impacting GOOG's valuation.

How important is it?

The growth in Waymo's operations and partnerships is likely to enhance GOOG’s market position and financial outlook.

Why Long Term?

As Waymo scales and defines its business model, it may significantly enhance revenue streams for GOOG.

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