Alphabet Stock Slides -- Waymo Recalls Thousands

Alphabet Stock Slides -- Waymo Recalls Thousands of Autonomous Vehicles

a. The NHTSA opened a probe after media accounts and local authorities flagged multiple incidents, including at least 19 reports in Texas since the school year began.

b. The agency has given Waymo until Jan. 20 to respond to its questions.

c. Waymo has recorded about 14 million rides this year and has expanded into new U.S. cities,

d. and recently won approval to test self-driving systems in New York City.

 

This will increase short term volatility. But it will unlikely change Wayno narrative. 

Not trade recommendation. I remain long.