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Tesla robotaxi Google Waymo Austin
A driverless Tesla robotaxi and a Waymo autonomous vehicle make their way through roadwork on a residential street in Austin (Jay Janner/Getty Images)

Google’s Waymo now has 2,000 autonomous cars in service, while Tesla has about 30

Waymo has added more than 500 self-driving cars to its fleet in the past three months.

Rani Molla

Last week Tesla’s robotaxi service announced that it increased its coverage area in Austin to 173 square miles from 91 (the map of the coverage area is no longer penis-shaped) and increased the number of cars available by 50%. Of course, Tesla never confirmed the original number of cars it was operating in Austin, but had somewhere between 10 and 20. We’ll say 50% more is 30, to be generous.

Meanwhile, Google’s Waymo shared with Sherwood News that its self-driving robotaxi fleet now counts more than 2,000 vehicles across 665 square miles in five major markets. That includes more than 100 vehicles in Austin and more than 800 in San Francisco. Nationwide, it’s added about 500 more vehicles since we last reported in June on the company’s expansion to Atlanta, where it now says it has “dozens” of vehicles in operation.

In Austin, where both Waymo and Tesla operate, Tesla has about double the coverage area, but a third of the cars that Waymo has.

Austin is the only market where Tesla operates its car service autonomously (though the program still has human safety monitors sitting in the passenger seat) and it’s still only available to select invitees, though CEO Elon Musk said last month, without providing specifics, that the program “will be open access” in September.

Musk stated earlier this year that there would be “millions of Teslas operating autonomously” by the end of 2026, growth that is crucial to the company’s evolving value proposition.

Here’s how Waymo and Tesla’s autonomous vehicle services compare as of early September:

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#10

Tesla just recalled its beleaguered Cybertruck for the 10th time since the vehicle was introduced two years ago. This time the company recalled about 6,000 of the “apocalypse-proof” vehicles due to what the National Highway Traffic Safety Administration says is an improperly installed “optional off-road light bar accessory” that could become disconnected from the windshield while driving, and could “create a road hazard for following motorists and increase their risk of a collision.”

CEO Elon Musk once said he could sell up to 500,000 of the stainless steel behemoths a year. In the first three quarters of this year, the company has sold only about 16,000.

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Analysts lower Meta price targets after social media giant says AI capex will keep climbing

Meta may have posted record revenue Wednesday but the stock is deeply in the red in the wake of its third-quarter earnings report, after the social media company said that its capital expenditure on AI would continue to rise.

The earnings prompted a number of analysts to lower their price targets or downgrade the stock.

RBC Capital lowered its price target to $810 from $840. Bank of America Securities lowered its price target to $810 from $900. Barclays, JPMorgan, Deutsche Bank, and Wells Fargo also lowered their price targets on the company.

Earlier today, Benchmark downgraded its rating to a “hold” from a “buy.” Oppenheimer downgraded the company to “perform” from “outperform,” saying the “significant investment in Superintelligence despite unknown revenue opportunity mirrors 2021/2022 Metaverse spending.” Ouch.

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