GM Cruise's Robotaxi Parade Pauses Traffic In California Just A Day After Getting 24/7 Permit
Portfolio Pulse from Anan Ashraf
GM Cruise's autonomous vehicles caused a traffic jam on Vallejo Street in California due to issues with cellphone carriers. The incident occurred shortly after California extended driverless robotaxi operations around the clock. Cruise, a unit of General Motors (NYSE:GM), attributed the disruption to the impact of a music festival on LTE cell connectivity. The California Public Utilities Commission recently granted Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Waymo and Cruise permission to operate autonomous vehicles with paying passengers throughout the day.
August 15, 2023 | 10:21 am
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POSITIVE IMPACT
Alphabet's Waymo recently received permission from the California Public Utilities Commission to operate autonomous vehicles with paying passengers throughout the day.
The permission granted to Alphabet's Waymo to operate autonomous vehicles with paying passengers throughout the day could potentially boost the company's revenues and positively impact its stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Alphabet's Waymo recently received permission from the California Public Utilities Commission to operate autonomous vehicles with paying passengers throughout the day.
The permission granted to Alphabet's Waymo to operate autonomous vehicles with paying passengers throughout the day could potentially boost the company's revenues and positively impact its stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
GM Cruise's autonomous vehicles caused a traffic disruption in California, which could potentially affect the public perception of the company's self-driving technology.
The traffic disruption caused by GM Cruise's autonomous vehicles could negatively impact the public's perception of GM's self-driving technology. This could potentially affect the company's stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100