Amazon.com Inc.‘s (NASDAQ:AMZN) Zoox on Wednesday launched the fully autonomous ride-hailing service using purpose-built robotaxis on the Las Vegas Strip.
Check out the current price of AMZN stock here.
The next-generation transportation tech company announced its first serial production facility in Hayward, California, in June. The facility is capable of producing over 10,000 robotaxis annually.
Free Service Available Through Mobile App
The service offers free rides via iOS and Android apps to destinations including Resorts World Las Vegas, AREA15, and Topgolf. “We’re thrilled to be part of this groundbreaking journey,” said CEO Aicha Evans. Paid rides will follow pending regulatory approval.
See Also: US New Vehicle Prices Rise 2.6% In August As EV Sales Hit New Record — Tesla Loses Ground
Vegas Targets 40 Million Annual Visitors
Las Vegas provides optimal conditions with over 40 million annual visitors. Zoox’s bidirectional vehicles lack steering wheels and pedals, seating four passengers in carriage-style configuration with dedicated pickup zones and concierge services.
San Francisco Waitlist Opens
The Californian company has started waitlists in San Francisco but hasn't shared when it will officially launch. They’ve been running tests there since November and are looking to expand to Miami and Austin next. Chief Technology Officer Jesse Levinson explained that they were never just trying to make a self-driving car; the goal was to build a whole new way for people to get around.
Competition Intensifies Amid Regulatory Scrutiny
Zoox competes with Tesla Inc. (NASDAQ:TSLA) and Alphabet Inc.‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Waymo in the emerging robotaxi market. Tesla recently expanded its Austin operations while federal lawmakers debate autonomous vehicle regulations.
Sen. Josh Hawley (R-MO) plans to introduce legislation effectively banning fully autonomous driving, calling such vehicles “terrible for working people” and threatening jobs for cab drivers and truckers. His proposed “Autonomous Vehicle Safety Act” would require onboard safety operators for all self-driving cars on public roads.
Price Action: According to Benzinga Pro data, AMZN ended the day at $230.33, down 3.32%, with after-hours trading ticking up to $231.20.
AMZN is showing solid momentum, ranking in the 76th percentile with a Growth score of 92.37 on Benzinga's Edge Stock Rankings. This means its price is trending upward across all time periods. Check out how its momentum stacks up against other popular stocks.
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