Tesla's Robotaxi Is Now Live In The San Francisco Bay Area, Serves A Larger Area Compared To Waymo
Tesla has launched its Robotaxi service in the San Francisco Bay Area, expanding its operational area compared to Waymo. The service covers a region from the Golden Gate Bridge to south of San Jose, with rides taking 1-2 hours depending on traffic. CEO Elon Musk aims to serve over half of the U.S. population with Robotaxis by 2025. The autonomous driving market in the U.S. could be worth over $200 billion by 2030, according to Morgan Stanley. However, Tesla may face increased scrutiny regarding autonomous driving oversight.
Tesla Inc. TSLA has rolled out its Robotaxi operations in the San Francisco Bay Area, a month after officially launching the service in Austin, Texas.
What Happened:
"Tesla's ride-hailing service is officially live in the Bay Area in their Robotaxi app," influencer Sawyer Merritt said in a post on social media platform X on Wednesday.
The company's serviceable area spans the Golden Gate Bridge in the North and extends South of San Jose. "It would take about 1-2 hours (up to 75 miles) depending on traffic to ride from the top to the bottom of the geofence area," Merritt said in the post.
The influencer also shared a photo showcasing the difference in serviceable area between Tesla's Robotaxi and Alphabet Inc.'s GOOGL GOOG Waymo.
Why It Matters:
The news comes as CEO Elon Musk had shared the target of serving over half the population of the U.S. with Tesla robotaxis by the end of 2025 during the company's earnings call. Musk had earlier shared plans to operate Robotaxis in the Bay Area.
This also coincides with Morgan Stanley's report, which says that the autonomous driving market in the U.S. could be worth over $200 billion by the year 2030 and generate up to $400 billion in revenue by 2035.
However, Tesla could face increased scrutiny as President Donald Trump's pick to lead the NHTSA, Jonathan Morrison, has called for tougher oversight on autonomous driving in the U.S.
Tesla scores well on Momentum and Quality, while offering satisfactory Growth, but poor Value.
