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Waymo launches transit credit pilot in Los Angeles

Credit: Waymo

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Waymo has launched a transit credit pilot program in Los Angeles, following initial tests in San Francisco last year.

On Tuesday, Waymo announced in a press release that it is launching a two-month pilot program in the Southern California city, which will essentially pay $3.00 credits to riders who connect to seven eligible transit stations. The company, which is backed by Google’s parent company Alphabet, will run the program from February 4 through April 1, offering convenient routes to and from the Los Angeles International Airport (LAX).

In the announcement, the company says that credits will be added to rider accounts on the day following the ride, and they’ll then be usable for 60 days. Waymo also highlights the launch of the program arriving on Transit Equity Day, a holiday honoring civil rights hero Rosa Parks, whose birthday was on February 4.

The program will be used to study how Waymo One is used by riders as a first- and last-mile ride-hailing solution that it hopes to help integrate with public transportation options to make them more accessible. It says it also performed similar evaluations through its pilot program in San Francisco, which launched in October.

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LA stations participating in the program are located at the following intersections/transit sites, as can also be seen on the map below:

  • 5th and Arizona
  • Lincoln and Jefferson
  • Lincoln and Venice
  • Sepulveda and Exposition
  • Sepulveda and Washington
  • Union Station and FlyAway
  • UCLA Gateway

Credit: Waymo

READ MORE ON WAYMO: Waymo study analyzes collisions with vulnerable road users

Waymo, Tesla and commercial robotaxi services

Waymo One is the service and app the company uses for its driverless electric robotaxis, which currently offers paid rides to users in the Bay Area and around Los Angeles, as well as in Phoenix, Arizona and Austin, Texas. The company began paid LA rides in November, officially dropping the need for users to join a waitlist to ride.

In all of the aforementioned areas, users simply need to download the Waymo One app to hail a ride. The company has also announced plans to launch in Miami, Florida in the coming months.

Additionally, the firm says it’s operating 150,000 paid rides each week, resulting in a weekly reduction of over 220 tons of carbon emissions, and up from its 100,000 rides per week announced in August. In December, the company also announced plans to launch a pilot program in Japan, slated to begin this year.

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Waymo is currently the only driverless ride-hailing company operating paid rides at such a large scale, with competitors like Amazon-owned Zoox rolling out initial services. Meanwhile, Tesla aims to begin offering unsupervised robotaxi services in June, following its unveiling of the steering wheel-less, two-seat Cybercab in October.

In addition to the Cybercab, which is expected to offer a similar paid ride-hailing service to Waymo One, Tesla currently sells its Supervised Full Self-Driving (FSD) software, which the autonomous vehicle will utilize, as either a monthly subscription or one-time purchase to owners.

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Tesla also teased a ride-hailing app interface as early as last April in its Q1 earnings Shareholder Deck, showing off a user’s ability to summon rides, set temperature controls in the vehicle, and follow along with navigation. Such a service has also been promised to Tesla owners for several years, and it’s eventually expected to let them deploy their own personal vehicles to autonomously give rides and generate income when not in use.

What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send us tips at tips@teslarati.com.

Waymo valued at over $45 billion following latest financing round: report

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Zach is a renewable energy reporter who has been covering electric vehicles since 2020. He grew up in Fremont, California, and he currently lives in Colorado. His work has appeared in the Chicago Tribune, KRON4 San Francisco, FOX31 Denver, InsideEVs, CleanTechnica, and many other publications. When he isn't covering Tesla or other EV companies, you can find him writing and performing music, drinking a good cup of coffee, or hanging out with his cats, Banks and Freddie. Reach out at zach@teslarati.com, find him on X at @zacharyvisconti, or send us tips at tips@teslarati.com.

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Elon Musk

Tesla nears closure of Full Self-Driving purchasing option

The move to bring FSD to this type of purchasing program comes after CEO Elon Musk noted in January that Tesla would move away from the outright purchase option.

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Credit: Tesla

Tesla is nearing the closure of its Full Self-Driving outright purchasing option, which will be removed on February 14, meaning Saturday will be the last time it can be bought as a non-subscription.

Tesla is aiming to move its Full Self-Driving suite to a subscription-only platform, a move that will enable people to only pay monthly for the semi-autonomous driving functionality.

The move to bring FSD to this type of purchasing program comes after CEO Elon Musk noted in January that Tesla would move away from the outright purchase option.

It is currently priced at $8,000 for the outright option to use Full Self-Driving, a substantial decrease compared to the $15,000 it was priced at one time. For the monthly subscription, it is just $99 per month, but that price will change, likely increasing as things get more advanced.

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Tesla is overhauling its Full Self-Driving subscription for easier access

We say it will likely increase because there is no indication of how Tesla will price FSD. There has been some speculation that Tesla could utilize a tiered system to price FSD, which would potentially allow owners to pick and choose a set of features that would be most ideal for them.

This would potentially introduce an even more affordable option for FSD use, but this is unconfirmed. The reason many say this could be an option for Tesla is the fact that if the price goes up further, the take rate, which is currently around 12 percent at its most recent estimate, could be lower.

Musk needs 10 million active Full Self-Driving subscriptions to unlock one of the tranches of his newest compensation package.

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The move to a subscription-only platform has its positives and negatives, and owners have been more than vocal about these since Musk confirmed the move.

Positives

  • Lower barrier to entry and higher potential adoption
  • Financially better for many users
  • Easier transfers and brand loyalty
  • Predictable recurring revenue for Tesla
  • Access to the latest features

Negatives

  • Higher long-term cost for loyal/long-term owners
  • No true “ownership” or permanence
  • Risk of future price hikes or even deactivation
  • Perceived as of less value
  • Impact on resale and used market

Overall, there is a split among the Tesla community in terms of what they see as the “right” way to handle this. Tesla is likely to shed more details on what its plans for the subscription-only platform will be, including pricing, in the coming weeks.

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Elon Musk

Elon Musk’s Boring Company selected for Universal Orlando tunnel project

The underground transport tunnel is designed to address the persistent gridlock surrounding International Drive. 

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Credit: The Boring Company/X

Elon Musk’s The Boring Company has been selected for a proposed underground transit system connecting Universal Orlando Resort and the newly opened Universal Epic Universe. 

The underground transport tunnel is designed to address the persistent gridlock surrounding International Drive. 

As noted in a blooloop report, Universal’s Shingle Creek Transit and Utility Community Development District approved a resolution showing its intent to designate The Boring Company as the contractor for the project. 

The agreement covers the full scope of the project, from the tunnel’s design, construction, and maintenance. The project has also been described in public documents as a “point-to-point innovative transportation” initiative with a 25-year agreement.

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The proposed Boring Company tunnels would directly link Universal’s existing parks with Epic Universe, which sits roughly three miles away from Universal Orlando Resort. Today, buses are the only direct connection between the two destinations.

Project requirements were quite stringent. Bidders were required to demonstrate at least $75 million in bonding capacity, have a minimum of seven years of operational experience, and show prior delivery of a comparable project valued at $25 million or more within the past 15 years. The Boring Company, thanks in no small part to the Vegas Loop, meets these requirements.

The Orlando selection adds to The Boring Company’s growing portfolio of Loop-style systems. In Las Vegas, the Las Vegas Convention Center Loop has transported more than two million passengers in Tesla vehicles through underground tunnels since 2021. The greater Vegas Loop system is also under construction.

For now, residents in the area seem enthusiastic about the upcoming project. In a comment to Fox35, residents noted that the tunnels could improve traffic in the area. 

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“We are very congested at certain times and certain hours and that would certainly help with people not having to budget their time,” Mary Walters-Clark, a resident, stated. Another resident, Scott Heinz, echoed similar sentiments. “I think it would be a new opportunity to lessen traffic load and good for visitors as well,” he said.

The tunneling startup has started bringing its Loop projects to international locations. It recently signed a memorandum of understanding with Dubai’s Roads and Transport Authority to explore the development of a 17-kilometer underground Loop network beneath Dubai.

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Elon Musk

Elon Musk tops Forbes’ list of America’s 250 greatest innovators

The ranking places Musk at the top of modern American innovation.

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Gage Skidmore, CC BY-SA 4.0 , via Wikimedia Commons

Elon Musk has been ranked No. 1 on Forbes’ inaugural list of America’s 250 Greatest Innovators. The ranking places Musk at the top of modern American innovation as the publication kicks off a series celebrating the nation’s 250th anniversary.

Forbes described innovation as “the grease in the economic engine” and the force that transforms industries and creates new ones. The publication highlighted that its honorees are not just inventors, but business leaders who successfully bring breakthroughs to market.

Musk, 54, was ranked No. 1 in this year’s list. Forbes noted that he is “the only person in history to have founded (or grown from nearly nothing) five companies, each with multibillion-dollar valuations, each in a different industry.” Those companies include Tesla, SpaceX, Neuralink, xAI, and The Boring Company.

Forbes’ methodology began with nearly 1,000 nominees submitted by its reporters. A panel of judges, including venture capitalist Jim Breyer, journalist Kara Swisher, and strategy expert Rita McGrath, ranked candidates based on creativity, breadth, engagement, disruption, and commercial impact. Artificial intelligence tools, including ChatGPT and Gemini, were also used to assess candidates before editors finalized the rankings.

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The publication noted that more than one-third of the list consists of women and people of color, reflecting shifts in innovation and entrepreneurship over time. All individuals listed are also American citizens, though many were born abroad, including Musk himself. Musk was born in Pretoria, South Africa.

Ranked No. 2 is Jeff Bezos, 61, who Forbes credited with upending America’s $7.4 trillion retail industry through Amazon before pioneering cloud computing with Amazon Web Services. The publication highlighted that Bezos now focuses on space exploration through Blue Origin and artificial intelligence manufacturing systems at Prometheus.

At No. 3 is Bill Gates, 70, who helped launch the personal computing revolution and built Microsoft into the dominant force in workplace software. Forbes also highlighted Gates’ reinvention at age 50 as a data-driven philanthropist, including his role in helping eradicate polio from India.

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