On the economic front, the profitability of Waymo remains uncertain. Despite receiving substantial funding, Waymo is not yet turning a significant profit per vehicle. However, the rapid increase in ridership—from 100,000 rides a month during the Wired investigation to 150,000 by October—suggests a shifting economic landscape. The study cited by Wired, though based on estimates, indicates that the unit economics are evolving quickly as ridership grows.
Key takeaways:
- Wired conducted an in-depth study by following a Waymo robotaxi for a day to understand its operations and impact on urban life.
- Passengers generally enjoy the driverless car experience, appreciating the smoother ride and the absence of social interaction.
- Professional drivers, like Uber driver Gabe, initially skeptical, observed that Waymo's driving style mimics that of experienced taxi drivers, balancing aggression and caution.
- Waymo's ridership is rapidly increasing, with monthly rides growing from 100,000 to 150,000, although the company's profitability remains uncertain.