Amazon Launches Robotaxi Service in San Francisco to Compete With Waymo and Tesla
Amazon's (AMZN) subsidiary Zoox has launched a fully autonomous robotaxi service on public roads in San Francisco, marking the company’s significant entry into the self-driving vehicle market. This move positions Amazon as a direct competitor to Alphabet's (GOOGL) Waymo and Tesla (TSLA), both of which are already active players in this space. The Zoox vehicles feature no steering wheel or pedals and use bidirectional design, distinguishing them from traditional cars. Zoox has driven over 3 million autonomous miles and carried nearly a million passengers since its launch in Las Vegas earlier this month. With the ability to operate up to 5,000 units under specific conditions, Zoox is now testing at scale ahead of broader commercial deployment. The robotaxi market itself is growing rapidly, with global revenue expected to reach $513.77 billion by 2031. For Amazon stock (AMZN), the expansion into autonomous vehicles represents a new potential revenue stream and signals long-term strategic investment in emerging technologies.
Topics: Amazon expansion self-driving cars Tesla Waymo competition Zoox