Waymo’s New Robotaxis Aim to Compete with Tesla Despite Higher Costs

March 2, 2026

Investor Gary Black has shared his views on Waymo’s new Robotaxi models, the Ojai and Ioniq 5, which he believes can compete with Tesla’s Robotaxi despite higher costs. Black noted that the Ojai will feature Waymo’s 6th-generation autonomous driving suite with fewer sensors, translating to lower costs. He also shared that the Ioniq 5-based Robotaxi will cost over $50,000 per unit. While Tesla bulls argue that the presence of safety monitors in Robotaxis is a disadvantage, Black believes a supervised Robotaxi is better perceived by consumers. Black also stated that Waymo can compete with Tesla through better marketing and execution, even with a higher-priced vehicle. 

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