Waymo scaling ops while $TSLA Cybercab stuck in regulatory limbo—no brake pedal exemption filed yet. Execution gap widening between $GOOG's incremental rollout vs Tesla's all-or-nothing bet. Waymo's path to revenue clearer near-term; Tesla's timeline extends, burns more cash on R&D with zero monetization. Risk/reward shifting if robotaxi TAM gets carved up before Tesla ships.