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Robotaxi Deployment Updates and Safety Usage Metrics

Institution
Goldman Sachs
Date
20260601
Authors
Eric Sheridan, Mark Delaney, Will Bryant, Aman Gupta, Julia Fein-Ashley, Emma Huang, Ayush Ghose
Company
Tesla Inc., Waymo, Uber Technologies Inc., Lyft Inc., Rivian Automotive Inc., Mobileye
Ticker
USAV, WAYM, UBERTECHNOLOGIESINC, LYFTINC, RIVIANAUTOMOTIVEINC, MOBILEYE
Industry
Internet Content & Information, Specialty Industrial Machinery
Rating
NeutralMedium confidenceReport does not explicitly provide rating action or stance
AuthorsEric Sheridan, Mark Delaney, Will Bryant, Aman Gupta, Julia Fein-Ashley, Emma Huang, Ayush Ghose
CoverageUnited States
Research firm divisions/subsidiariesGoldman Sachs Global Investment Research division(Division/Team)

AI summary card

Robotaxi Deployment Updates and Safety Usage Metrics

Goldman Sachs updates robotaxi deployment status and safety usage data, including performance of Tesla and Waymo.

RobotaxiTeslaWaymoAutonomous DrivingSafetyUsage Metrics
  • Tesla has one accident per 100,000-120,000 kilometers driven, Waymo has one per 150,000-175,000 kilometers.
  • Waymo continues to expand operating cities in the United States and internationally.
  • Waymo's monthly active users grew 20% year-over-year, though still below Uber/Lyft.
  • Tesla plans to launch autonomous driving services in more cities.
  • Uber and Lyft continue increasing investments in autonomous driving field.

Report interpretation

Overview

This report updates robotaxi deployment status and key safety and usage metrics, focusing on companies such as Tesla and Waymo and their operational progress in the United States and internationally.

Core views

The report provides accident data for Tesla and Waymo, with Tesla having one accident per 100,000-120,000 kilometers and Waymo having one per 150,000-175,000 kilometers. Waymo's monthly active users (MAUs) grew 20% year-over-year, maintaining growth despite slowdown and remaining above Uber/Lyft. Waymo continues to expand operating cities in the United States and internationally, while Tesla also launches autonomous driving services in more cities. Uber and Lyft continue increasing investments in autonomous driving field.

Analysis framework

The report calculates accident frequency and monthly active users for both companies by collecting data from the National Highway Traffic Safety Administration (NHTSA) and disclosures from Waymo and Tesla. It also analyzes these companies' operational progress and investment plans to assess their performance and prospects in the autonomous driving field.

Methodology notes

  • Industry/Sector Analysis FrameworkSupply and Demand Framework

    Assessing company performance in autonomous driving field through analysis of Tesla and Waymo accident data and user activity.

    The supply and demand framework helps understand Tesla and Waymo's operational conditions and user acceptance, thereby evaluating their competitiveness in the autonomous driving market.

Asset mapping & comparison

Structured mapping from thesis to named assets (strengths, weaknesses, peers, risks).

  • Tesla (TSLA)
    Benefiting from autonomous driving technology development
    Strengths
    Leading electric vehicle technology and brand influence
    Weaknesses
    Maturity and safety issues of autonomous driving technology
    Comparison
    Compared to Waymo, Tesla has higher accident frequency
    Risks
    Intensifying market competition and technology execution risk
  • Waymo
    Benefiting from autonomous driving technology development
    Strengths
    Strong technical research and development capabilities and extensive operating network
    Weaknesses
    High initial operating costs
    Comparison
    Compared to Tesla, Waymo has lower accident frequency
    Risks
    Intensifying market competition and technology execution risk
  • Uber Technologies Inc. (UBER)
    Benefiting from autonomous driving partnership relationships
    Strengths
    Extensive market coverage and user base
    Weaknesses
    Dependency on autonomous driving technology
    Comparison
    Actively investing in 3P partnership relationships
    Risks
    Regulatory environment changes and technology execution risk
  • Lyft Inc. (LYFT)
    Benefiting from autonomous driving partnership relationships
    Strengths
    Flexible business model and user loyalty
    Weaknesses
    Dependency on autonomous driving technology
    Comparison
    Actively investing in 3P partnership relationships
    Risks
    Regulatory environment changes and technology execution risk
  • Rivian Automotive Inc. (RIVN)
    Benefiting from autonomous driving partnership relationships
    Strengths
    Advanced electric technology platform and autonomous driving solutions
    Weaknesses
    Production capacity and funding needs
    Comparison
    Partnering with Uber to launch autonomous driving services
    Risks
    Intensifying market competition and technology execution risk

Key data

  • Tesla Accident FrequencyPer 100,000-120,000 KilometersTesla's accident frequency in Austin, United States
  • Waymo Accident FrequencyPer 150,000-175,000 KilometersWaymo's accident frequency across all operating cities in the United States
  • Waymo MAUs Year-over-Year Growth+20%Growth rate compared to same period last year

Impact & implications

The report indicates that Tesla and Waymo's accident frequency and user activity are important indicators for assessing their autonomous driving technology. Waymo shows significant growth in user activity, while Tesla continues expanding its autonomous driving service city coverage. This data is significant for investors evaluating market performance and potential risks of related companies.

Zhejiang ICP No. 2022035445-5
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