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Portfolio Pulse from Thrash Capital
General Motors (GM) and Google (GOOGL) have been approved to introduce self-driving taxis in the Bay Area via Waymo, a self-driving technology firm. The service, Waymo One, has expanded from Phoenix to San Francisco and soon Los Angeles. Waymo reports no recorded injuries and only two collisions in one million miles of rider-only operations on public highways, mostly caused by other drivers. However, a recent malfunction of an autonomous vehicle caused a traffic jam in San Francisco.
August 23, 2023 | 1:35 pm
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POSITIVE IMPACT
GM's partnership with Google and Waymo for self-driving taxis could potentially boost its stock if the venture proves successful.
GM's partnership with Google and Waymo could potentially boost its stock if the venture proves successful. However, the recent malfunction of an autonomous vehicle causing a traffic jam could be a concern.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Google's partnership with GM and Waymo for self-driving taxis could potentially boost its stock if the venture proves successful.
Google's partnership with GM and Waymo could potentially boost its stock if the venture proves successful. However, the recent malfunction of an autonomous vehicle causing a traffic jam could be a concern.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80