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Waymo Logs 500k Weekly Rides as Tesla's Operating Margin Collapses

1 report, 1 independent Updated 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Waymo logged 500,000 fully autonomous rides per week in the first quarter, exceeding Tesla's 380,000 unsupervised miles. In the second quarter, Tesla's operating margin collapsed to 1.4%. Meanwhile, Alphabet reported a 34% operating margin, with revenue growing 24.2% to $119.80 billion.

From aol.com

Why it matters

Some supportBrind's analysis of the reports

Alphabet's strong margins are funding Waymo's expansion, which is eroding the autonomy premium previously attached to Tesla's stock. The contrast between Tesla's thin margins and Waymo's ride volume is forcing a reassessment of investment forecasts in the autonomous vehicle market.

From aol.com

Who's involved

  • TeslaCompetes with Waymo in the autonomous vehicle and robotaxi sectors.
  • GoogleCompetes with Tesla across autonomous driving and AI infrastructure.
  • WaymoAutonomous car technology company operating under Alphabet's corporate umbrella.
  • Alphabet Inc.Parent company providing financial support and strong margins to Waymo.

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • Goldman SachsSpeculative

    Could be forced to reassess investment forecasts for the sector due to Tesla's margin collapse and Waymo's success.

  • FordSpeculative

    May face pressure on its EV strategy due to intensified autonomy competition and Tesla's margin issues.

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Coverage

Newest first; wire copies grouped