Alphabet Unit Waymo Claims Lower Crash Rate Despite Regulator Probes Into Risky Driving Behavior: 'This Is Why We Do It'
Portfolio Pulse from Anan Ashraf
Waymo, a subsidiary of Alphabet Inc., released a safety report claiming its autonomous driving technology is significantly safer than human drivers, resulting in fewer crashes and injuries. Despite this, the NHTSA has initiated a probe into Waymo's vehicles due to reports of risky driving behaviors. Waymo recently recalled 672 vehicles to address an issue with avoiding pole-like objects.
June 19, 2024 | 7:05 am
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Waymo, a subsidiary of Alphabet Inc., claims its autonomous driving technology is safer than human drivers, but faces a probe by the NHTSA for risky driving behaviors. Waymo also recalled 672 vehicles to fix a software issue.
While Waymo's safety report is positive, the NHTSA probe and recent vehicle recall introduce regulatory and operational risks that could offset the positive news in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Waymo, a subsidiary of Alphabet Inc., claims its autonomous driving technology is safer than human drivers, but faces a probe by the NHTSA for risky driving behaviors. Waymo also recalled 672 vehicles to fix a software issue.
While Waymo's safety report is positive, the NHTSA probe and recent vehicle recall introduce regulatory and operational risks that could offset the positive news in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tesla released a vehicle safety report to reaffirm the safety of its driver assistance systems, aiming for full vehicle autonomy. This comes in the context of Waymo's recent safety report and NHTSA probe.
Tesla's reaffirmation of its driver assistance systems' safety could be seen positively by investors, especially in light of Waymo's regulatory challenges.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50