Alphabet, Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary Waymo has taken the lead in the U.S. autonomous vehicle race, and Waymo may be a major cash cow for investors within a decade.
According to Bank of America analyst Justin Post, Waymo is distancing itself from the competition when it comes to driverless test miles, and the company could have a paid ride-hailing service up and running by the end of 2018 or early 2019.
The initial Waymo roll-out will likely be modest, but Post’s long-term projections suggest Waymo could eventually account for a major portion of Alphabet’s value.
The Numbers
Assuming the Waymo roll-out goes relatively smoothly, Post estimates the company could deploy up to 600,000 vehicles and make up 1.4 percent of …
Read the full story at Benzinga.
Photo: Waymo