Markets
markets

Waymo recalls 3,800 robotaxis after software issue leads to flood incident

Alphabet-owned Waymo is recalling 3,791 autonomous vehicles in ‌the United States over a software glitch affecting its self-driving robotaxis. The recall follows an April 20 incident in which an unoccupied Waymo ​drove into a flooded lane in San Antonio, prompting Waymo to review similar scenarios. Waymo said there were no injuries from the incident.

The recall targets a software flaw that may allow vehicles to maintain high speeds when entering standing water, increasing the risk of a crash, Reuters reported, citing a statement by the National Highway Traffic Safety Administration.

The recall adds to a string of investigations this year focusing on the technologys performance in complex environments. Back in January, Waymo struck a child near a Santa Monica elementary school, and the vehicles have been involved in several instances of passing stopped school buses.

As of early 2026, the company operates about 3,000 robotaxis across ~10 US metropolitan areas, providing over 500,000 paid rides per week.

The recall targets a software flaw that may allow vehicles to maintain high speeds when entering standing water, increasing the risk of a crash, Reuters reported, citing a statement by the National Highway Traffic Safety Administration.

The recall adds to a string of investigations this year focusing on the technologys performance in complex environments. Back in January, Waymo struck a child near a Santa Monica elementary school, and the vehicles have been involved in several instances of passing stopped school buses.

As of early 2026, the company operates about 3,000 robotaxis across ~10 US metropolitan areas, providing over 500,000 paid rides per week.

More Markets

See all Markets
markets

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.