T Cab Mobility source-linked commentary · Published · Reviewed
The target and the latest count
Waymo has said since December 2025 that it is on a path to provide 1 million fully autonomous rides a week by the end of 2026. When it announced a US$16 billion funding round in February 2026, valuing the company at US$126 billion post-money, Waymo reported more than 400,000 weekly rides across six US metro areas. On Alphabet's first-quarter 2026 earnings call, Sundar Pichai said Waymo had surpassed 500,000 fully autonomous rides per week, "doubling in less than a year". Waymo has not published a higher weekly figure since.
City expansion and cost
Expansion has continued. Service opened to everyone in Dallas (4 August) and Houston (20 August), first public riders were welcomed in Denver, San Diego and Tampa from 1 September, and Las Vegas followed in mid-September. Alphabet's Other Bets segment, which includes Waymo, reported a US$1.8 billion operating loss for Q2 2026.
T Cab's view
In our view, the US experience shows that scale depends as much on depots, charging and fleet operations as on the driving software, and that is the capability Australian fleet operators will need to build. T Cab is AV-agnostic and claims no relationship, affiliation or endorsement with Waymo, Alphabet, Google, Uber or Tesla. The source article is an investment opinion piece; nothing here is a recommendation about any shares or investment.
Sources and date context
- Waymo: Delivering more for our riders in a year of incredible growth (9 Dec 2025) ↗
- Waymo: Accelerating our global growth: Waymo raises $16 billion investment round (2 Feb 2026) ↗
- Alphabet: Q1 2026 earnings call, Sundar Pichai's remarks (29 Apr 2026) ↗
- Waymo: Dallas open to all (4 Aug 2026) ↗
- Waymo: Houston open to all (20 Aug 2026) ↗
- Waymo: Welcoming our first riders in Denver, San Diego, and Tampa (Sep 2026) ↗
- Waymo: Vegas, Deal Us In! We're welcoming riders today (Sep 2026) ↗
- Alphabet: Q2 2026 earnings release, Exhibit 99.1 (SEC) ↗
- The Motley Fool: Alphabet Is the Robotaxi Stock to Buy as Waymo Chases 1 Million Rides a Week (Daniel Sparks, 11 Oct 2026; investment opinion) ↗
The date above is T Cab’s commentary publication and review date. Source publication dates, policy decision dates and undated operating information are identified separately; review does not establish a new operational milestone. The weekly ride figure is as last reported by Alphabet in April 2026.