Waymo's making moves north. The $GOOGL subsidiary just announced they're rolling out their all-electric autonomous vehicles in Toronto, with plans to launch a full ride-hailing service by 2028.
This is Google's first serious international expansion for Waymo beyond the U.S. Testing phase starts in the coming days. Toronto becomes the proving ground for whether their self-driving tech can handle winter roads, different traffic patterns, and regulatory frameworks outside their home turf.
For $GOOGL shareholders, this signals management's confidence in the unit economics finally working. They've been burning cash on Waymo for years. An international rollout means they see a path to scale.
Canada's a smart first move—similar infrastructure to the U.S., but with its own regulatory quirks. If they can crack Toronto, European and Asian markets become more realistic.
2028 feels like a long runway, but that's actually the right timeline for permitting, mapping, and building local partnerships. Waymo's playing the long game while Tesla talks about robotaxis next year.
Watch how the stock responds if they start announcing more international cities. That's when the market will start pricing in Waymo as a real business line, not just a moonshot.
This is Google's first serious international expansion for Waymo beyond the U.S. Testing phase starts in the coming days. Toronto becomes the proving ground for whether their self-driving tech can handle winter roads, different traffic patterns, and regulatory frameworks outside their home turf.
For $GOOGL shareholders, this signals management's confidence in the unit economics finally working. They've been burning cash on Waymo for years. An international rollout means they see a path to scale.
Canada's a smart first move—similar infrastructure to the U.S., but with its own regulatory quirks. If they can crack Toronto, European and Asian markets become more realistic.
2028 feels like a long runway, but that's actually the right timeline for permitting, mapping, and building local partnerships. Waymo's playing the long game while Tesla talks about robotaxis next year.
Watch how the stock responds if they start announcing more international cities. That's when the market will start pricing in Waymo as a real business line, not just a moonshot.