Prediction: Alphabet Will Be the Robotaxi Leader, Not Tesla
The robotaxi wars are heating up. After an initial delay, Tesla (NASDAQ: TSLA) has a planned robotaxi event in October, while General Motors' (NYSE: GM) Cruise recently struck a deal with Uber to offer autonomous vehicles on the ride-sharing company's platform next year.
However, there is currently one company ahead of the pack and that is Waymo, owned by (NASDAQ: GOOG) (NASDAQ: GOOGL). Let's take a look at why I think Alphabet will be the robotaxi leader moving forward.
At this point, Waymo is way ahead of the pack, with customers actually using its robotaxi services. The company recently announced that it is providing 100,000 paid robotaxi trips a week, which is about 100,000 more than Tesla and Cruise combined are currently offering.
Source Fool.com
Alphabet Inc. C Stock
The stock is an absolute favorite of our community with 27 Buy predictions and no Sell predictions.
With a target price of 165 € there is a slightly positive potential of 15.82% for Alphabet Inc. C compared to the current price of 142.46 €.
