Google’s (GOOGL) Waymo is operating over 250,000 paid rides per week across five U.S. cities while Tesla (TSLA) recently launched a limited robotaxi service in Austin and Amazon’s (AMZN) Zoox is expected to go live in Las Vegas later this year, Rafe Uddin and Tim Bradshaw of The Financial Times reports. While the U.S. is moving ahead into the autonomous space, scaling these services beyond a few cities remains challenging. Companies need to prove their robotaxis are safe as well as securing tens of billions of dollars in capital investment. Additionally, margins in ride-hailing market are typically thin.
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