Skip Navigation
BREAKING NEWS


Share Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email
Tech Robotaxis are here and the public is divided Published Mon, Oct 7 20248:00 AM EDTUpdated 3 Hours Ago
 Deirdre Bosa @dee_bosa
 Jasmine Wu @jasminecwu
WATCH LIVE

watch now
VIDEO15:01 Autonomous vehicles are here but the public is reluctant to trust them
In this article
Follow your favorite stocksCREATE FREE ACCOUNT
Driverless cars are speeding onto America’s streets, but whether the public will trust robotaxis remains an open question.
Nearly two-thirds of Americans said they would not want to ride in a driverless passenger vehicle if they had the opportunity, according to a Pew Research Center Survey. That’s because residents in cities that have yet to experience robotaxis remain unfamiliar with the technology while those in cities with driverless cabs have not yet forgotten about high-profile accidents involving other companies, like GM-owned Cruise.
Now Tesla, the loudest and most bullish self-driving proponent of them all, is due to unveil its long-awaited robotaxi after years of unfulfilled promises.
The company’s existing autonomous driving technology, where a human is still at the wheel, has drawn the scrutiny of regulators and multiple lawsuits after hundreds of crashes. Experts say a great presentation from CEO Elon Musk won’t guarantee a safe robotaxi network.
Tesla’s upcoming robotaxi launch threatens to throw the whole autonomous vehicle space off course.
Alphabet-owned Waymo is the leader in the space, with the company claiming it has notched more than 22 million driverless miles. It has proven that there is strong consumer demand, with weekly paid rides in San Francisco, Los Angeles, Phoenix and Austin doubling in just a couple months. And Waymo has worked on building its reputation, launching an online safety hub with data arguing that its cars are safer than human drivers.
Besides Tesla, other competitors are also looking to jump into the race.
Amazon says it is getting ready to roll out its fleet of Zoox cars, and Cruise is resuming operations after a 2023 accident led regulators to ground the fleet. Wall Street is already looking ahead to a driverless future, with one analyst arguing that if it hadn’t been for generative AI, 2024 would have been the year of the robotaxi.
As driverless networks scale, one of the fiercest debates is whether ride-sharing will survive. Robotaxis may cause consumers to question if they really want to book an Uber or Lyft and talk to a stranger, sit in someone else’s car and tip a human if there is a driverless alternative. Uber has hedged its bets by inking high-profile deals with autonomous vehicle companies, but it’s unclear how long those partnerships will last.
Watch this video to learn more.
In this article
Follow your favorite stocksCREATE FREE ACCOUNT
WATCH LIVESTREAM Prefer to Listen?
NOW Fast Money Halftime Report
UP NEXT The Exchange
Trending Now
-
 52-year-old worked 90-hour weeks in an oil refinery to save money for his business—now he’s worth $9.5B
-
 Sweden told people to open their hearts to immigrants 10 years ago. Its U-turn has been dramatic
-
 Shares of generator maker Generac soar, insurance stocks fall as Hurricane Milton intensifies
The job interview question that ‘stumped’ this HR expert—now it’s her favorite to ask
For retirees, here’s what to do with required withdrawals when you don’t need the money
FROM THE WEB
New AI system for making money takes Canada by stormFinanceSpeculate: Sponsored
Learn More
Go! With the BC Ferries appSimplify your trip planning, book with ease and enjoy seamless check-in at the terminal with the BC Ferries app.BC Ferries: Sponsored
Download
Choose HawaiiWhen Hawaiian Island time matters, Grand Wailea, A Waldorf Astoria ResortVisit the USA | Hilton: Sponsored
Book now
MORE IN TECHNOLOGY
China’s stock surge has echoes of the 2015 bubble. What’s different this timeEvelyn Cheng
FROM THE WEB
Brought to you bywsj.com: Sponsored
Want to know more? click herewsj.com: Sponsored
The Company That’s Harder To Get Into Than HarvardBlinkist Magazine: Sponsored
MORE FROM CNBC
Klarna CEO says a European tech brain drain is ‘number one risk’ for company ahead of IPORyan Browne

- News TipsGot a confidential news tip? We want to hear from you.
Get In Touch - CNBC NewslettersSign up for free newsletters and get more CNBC delivered to your inbox
Sign Up NowGet this delivered to your inbox, and more info about our products and services.
- Advertise With Us Please Contact Us
© 2024 CNBC LLC. All Rights Reserved. A Division of NBCUniversal
Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.
Market Data Terms of Use and DisclaimersData also provided by  |