Tesla's Manufacturing Edge Over Rivals Like Waymo Could Accelerate Robotaxi Fleet Expansion, Says Ark Invest Analyst: Elon Musk Calls Trend 'Promising'

Quick Summary:

Ark Invest analyst Tasha Keeney said on Monday that EV giant Tesla Inc.(NASDAQ:TSLA) holds a key advantage over autonomous vehicle operators like Alphabet Inc.’s Waymo in deploying and scaling robotaxi operations owing to the company’s car manufacturing capabilities.

What Happened: While Waymo is “slowly but surely” scaling its service across regions, it is still plagued by longer wait times owing to its small fleet and other technical issues, Keeney wrote on X on Monday, reflecting upon her ride in a Waymo car in Los Angeles.

Tesla could take less time to scale its robotaxi network once it launches than rivals, Keeney said, owing to the company’s vertically integrated approach.

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United States

Topics: Tasha Keeney Robotaxi Electric vehicles EVs Waymo Autonomous vehicles Elon Musk News Benzinga Analyst Color Tech TSLA US88160R1014 ARK Invest Mobility

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-20 @ 10:13:34 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 554 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 22175325

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