đ Waymo (GOOGL), Backed by Alphabet, Accelerates Robotaxi Domination in San Francisco
San Francisco''s streets just got another tech overlordâWaymo''s driverless taxis are multiplying faster than crypto bros at a blockchain conference. Alphabet''s golden child is turning the city into its personal proving ground, one autonomous ride at a time.
### Silicon Valley''s Latest Playground
No traffic lights, no pedestriansâokay, maybe a fewâjust pure, unadulterated AI navigating the hills. Waymo''s expansion isn''t just a test; it''s a flex. The message? ''Weâve got the tech, the cash, and the patience to outlast every skeptic.''
### The Finance Jab
Meanwhile, Wall Street still canât decide if robotaxis are the next big thing or just another way to burn VC money. Spoiler: Itâs probably both.
### Whatâs Next?
More cars. More routes. More data. Waymoâs playing the long gameâbecause when youâre backed by Alphabet, âmoonshotâ is just Tuesday.
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As part of the expansion, Waymo will now offer autonomous ride-hailing services in Brisbane, South San Francisco, San Bruno, Millbrae, and Burlingame. In Silicon Valley, the company is expanding its coverage to more areas of Palo Alto and Menlo Park. And starting Wednesday, Waymo will extend its services in Los Angeles to new neighborhoods such as Playa del Rey, Ladera Heights, Echo Park, Silver Lake, and the entire length of Sunset Boulevard. Interestingly, although Waymo also has permission to operate in San Jose, it has not yet announced when it will launch in that city.
Nevertheless, it is worth noting that Waymo is currently the only company in the United States operating a commercial robotaxi service with paying customers. Indeed, it runs a fleet of over 1,500 autonomous vehicles and provides more than 250,000 rides each week across major cities like San Francisco and Los Angeles in California, Phoenix in Arizona, and Austin in Texas.
Is Google Stock a Good Buy?
Turning to Wall Street, analysts have a Strong Buy consensus rating on GOOGL stock based on 29 Buys and nine Holds assigned in the past three months. Furthermore, the average GOOGL price target of $199.11 per share implies 12.7% upside potential from current levels.