Waymo Takes Its First Debt: a $5B Term Loan
Waymo closed a $5 billion term loan, its first borrowing, up from an initial $3 billion target, to fund robotaxi expansion in the US and abroad.
3 verified stories covering Waymo, product updates and industry developments.
Waymo closed a $5 billion term loan, its first borrowing, up from an initial $3 billion target, to fund robotaxi expansion in the US and abroad.
Tesla expanded its Robotaxi service to Dallas and Houston on April 18, but each city received only a single vehicle, highlighting a cautious approach compared to Waymo's established commercial operations.
Waymo says paid driverless trips have reached 500,000 a week, while Tesla is shifting its robotaxi bet toward Cybercab and a platform model that still needs regulatory clearance.