A new future for self-driving cars can be made a reality with the recent valuation of the self-driving development company Waymo. A recent report by Morgan Stanley
Waymo, a Google
The current partnership with Lyft holds greater significance for the automotive start-up company. Given that Lyft is currently one of the biggest ride service companies in the United States, Waymo can now test its cars alongside the helpful aid of an already successful ride-sharing company. Morgan Stanley analysts expanded on this fact, suggesting that Waymo can lead the future for self-driving cars and "drive the autonomous transition." In addition to the partnership with Lyft, Waymo is expected to account for more of 10% of Alphabet Inc's market value in the future.
While Waymo dedicates themselves to a new future of self-driving cars, they are not the only company that is doing so. Competitors such as the automotive manufacturer Tesla
For Tesla, there has already been testing for its self-driving cars. However, Waymo has surpassed the amount of miles Tesla has clocked in at more than 635,000 miles, as opposed to Tesla's 550 miles. In addition, Waymo boasts less "disengagements", or times during testing when the driver must reclaim control of the car. While Tesla drivers have had to take control of their self driving cars 182 times within 550 miles, Waymo has managed to disengage only 124 times every 5,000 miles. Likewise, Ford has only managed to drive 590 miles with its cars, with a disengagement every 196 miles.
Perhaps the most bitter competition in the self-driving car industry is between Waymo and Uber. Uber, the well-known ride-hailing company is currently being sued by Waymo. Anthony Levandowski, a former Waymo employee, had allegedly stolen downloaded important documents from Waymo before joining Uber with his self-driving company, Otto.
Although not around for a long time, Waymo is already laying new roads towards a future for self-driving cars, leaving its competitors miles away in the dust.