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Stock impact report

Robotaxis At A Crossroads 20 Years After DARPA [Forbes]

Aurora Innovation, Inc. - Class A (AUR) 
Company Research Source: Forbes
2024 marked a significant milestone for the autonomous vehicle (AV) industry: the 20th anniversary of the DARPA Grand Challenge . This event sparked the modern era of self-driving technology. At first glance, it felt like a banner year for robotaxis: • Waymo established new service areas and increased its funding PROMOTED • Tesla unveiled the Cybercab , a sub-$30,000, two-seater electric robotaxi with wireless charging. • Companies like Pony.ai and WeRide went public, riding high on optimism for a driverless tomorrow. Yet progress in this sector is rarely as straightforward as it appears. Reality Behind The Hype The fanfare around IPOs and Tesla's ambitious project masks how tough the business is. Consider TuSimple, a company that was struggling in autonomous trucking and, as a result, announced its intent to delist from Nasdaq and pivot to AI animation . Aurora Innovation remains pre-revenue more than three years after IPO and postponed its first commercial deploymen Show less Read more
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