Waymo Stock - Is Waymo Publicly Traded in 2024?

• Financial reporting: Alphabet, Waymo’s parent company, includes Waymo’s performance under its “Other Bets” segment, which consistently reports operating losses. In Q2 2023, the “Other Bets” segment, where Waymo resides, had a $1.2 billion operating loss.
• Industry analysis: Experts and analysts generally acknowledge that companies like Waymo in the robotaxi business are still in the investment phase, incurring significant costs for research, development, and deployment of their technology. It’s common for such ventures to lose money initially as they scale and establish their market presence.

While not currently profitable, there are indications that Waymo is taking steps towards profitability:

• Revenue growth: Though not publicly disclosed, Waymo has been expanding its services and generating some revenue from its robotaxi operations, Waymo One.
• Strategic changes: Waymo is exploring new revenue streams like licensing its self-driving technology to other companies, potentially reducing operational costs and generating additional income.
• Leadership shift: The recent appointment of Ruth Porat, known for her financial expertise, as Waymo’s de facto CEO might indicate a stronger focus on achieving profitability in the future.

Alternatives To Investing In Waymo Stock

Investing directly in self-driving taxi companies like Waymo, which isn’t publicly traded, isn’t possible for most individual investors. However, there are several indirect ways to gain exposure to the self-driving taxi industry:

1. Invest in companies developing the technology:

• Many companies are involved in developing the technology for self-driving vehicles, including:
  • Traditional automakers: Ford, General Motors, Toyota, etc.
  • Tech companies: NVIDIA, Qualcomm, Mobileye, etc.
  • Companies specializing in self-driving technology: Aurora, Cruise, etc.
• You can research these companies and invest in them through the stock market by buying their shares.

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2. Invest in ride-hailing companies with self-driving ambitions:

• Companies like Uber and Lyft are actively involved in testing and developing self-driving technology for their ride-hailing services.
• Investing in these companies could benefit if self-driving taxis become a reality and contribute significantly to their business model.

3. Invest in related sectors:

• While not directly related to self-driving taxis, certain sectors stand to benefit from their widespread adoption:
  • Cloud computing: Managing autonomous vehicle data and software requires significant cloud infrastructure.
  • Electric vehicles: Self-driving taxis often go hand-in-hand with electric vehicle technology.
  • LiDAR and sensor companies: These companies provide essential components for self-driving vehicles.

4. Consider thematic ETFs:

• Exchange-traded funds (ETFs) like Global X Autonomous & Electric Vehicles ETF (DRIV) or KraneShares Electric Vehicles and Future Mobility ETF (KARS) invest in a basket of companies across the autonomous vehicle and electric vehicle space, offering a diversified approach.

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Waymo Stock & Investing In Self-Driving Taxis – Final Thoughts