Tesla Faces Major Challenges in the Robotaxi Market #tesla

Tesla’s October 10th Robotaxi launch faces stiff competition from Waymo and GM’s Cruise, who are already operating autonomous taxis using LiDAR and radar for precision navigation.

Waymo, part of Alphabet ($1.68 trillion market cap), and Cruise, backed by GM ($43 billion market cap), are scaling rapidly across the U.S. Tesla’s camera-only approach has logged extensive miles but has drawn regulatory scrutiny after 13 fatal crashes, leading to a recall of 362,000 vehicles in February 2023.

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