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CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

Uber, Tesla, Lyft shares: Robotaxi vote over driverless cars

Lyft, Waymo, Cruise, Uber and Tesla all swing into focus as a state agency decides whether or not to allow Waymo and Cruise to expand their no-safety-driver services to San Francisco 24/7, reports IG financial analyst @AngelineOng

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(Video Transcript)

Ruling expected on driverless cars

Lyft, Waymo, Cruise, Uber... all these companies will swing into focus as a state agency decides whether or not to allow robot car providers like Alphabet's Waymo and GM's Cruise to expand their for-pay, no-safety driver policy and services to all of San Francisco day and night.

The result, already delayed twice, comes amid a pushback from those concerned about safety and, of course, urgency from technologists. Cruise and Waymo and their peers say the tech is safe, compared to humans behind the wheel.

But like Ford and Tesla, many of them have poured billions into this space and are desperate to make it work.

Precedent-setting situation

Those that are against driverless cars say that there needs to be more testing against things like winter weather, driving rain, hot weather, blistering heat... none of which San Francisco can offer. So where is the salad dressing?

Well, safety is, of course, the chief concern among San Francisco agencies, but they have virtually no authority to regulate autonomous vehicles. And that could be the main problem. There simply is no precedent in this space.


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