Goldman Sachs' 2026 industry forecast projects a $415 billion global robotaxi market and a $560 billion autonomous-trucking market by 2035, and says autonomous trucks could be cost-competitive with human-driven trucks in the U.S. in 2028 as hardware cost falls from $125,000–150,000 to $35,000–40,000 per truck. Britain's Department for Transport opened applications for self-driving taxi, bus and private-hire pilots on May 22, 2026, requiring safety assessments, cybersecurity checks and local consent. Singapore's Land Transport Authority reported more than 11,500 unique riders on Punggol's autonomous shuttles by July 12, 2026, though fixed-route rides remain free. Dubai's Roads and Transport Authority reported more than four million robotaxi kilometers and 7,613 passenger trips, with 48 of its 144 vehicles in active operation, and reiterated a target of 25% autonomous trips by 2030.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
autonomous drivingrobotaxiGoldman Sachsinvestment trusts
Open a keyword to see other news on the same topic.
Related tickers and likely impact
TSLA
• NeutralTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/28/2026 | 404.22 |
| Change that session | -0.80% |
GOOGL
• NeutralAlphabet Inc. (Class A)
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/28/2026 | 324.89 |
| Change that session | +1.34% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Wall Street’s Smart Money Just Suffered a Shock Not Seen Since the COVID Crash
On October 22, all three hedge fund strategies tracked by Goldman Sachs lost more than 1%, the first time since the COVID-19 pandemic that fundamental long-short, systematic and multi-strategy funds posted simultaneous losses above that level, according to a Reuters report citing Goldman's prime brokerage data. The selloff hit crowded AI and technology positions: Meta fell 7% after announcing plans to issue a new share class to raise capital, Nvidia dropped 4%, and the Nasdaq Composite declined 2.6%, its worst session since June 5. Some funds cut leverage and sold holdings to limit losses, which can add pressure on prices, while global fundamental long-short funds remained up 8.8% year to date. The article frames this as a warning about concentration in one investment theme rather than a prediction of a market crash, and suggests investors check how much of their portfolio depends on the same few technology companies.
- Amazon (AMZN) Trades at 24 Times Forward Earnings. Can Its Cash Engines Fund the Robotaxi Bet?
Amazon (AMZN) trades at about 24 times forward earnings, and investors are asking whether its cloud and retail businesses can fund the robotaxi bet through Zoox. Regulators approved Zoox to charge for rides, a commercial milestone, but that does not yet prove profitable operations. Second-quarter sales rose 20% to $200.6 billion and operating income rose 43% to $27.5 billion, with AWS revenue up 37% to $42.2 billion and operating income of $16.6 billion. Free cash flow was negative $7.6 billion over the twelve months ended June 30 as property and equipment spending grew, which Amazon mainly attributed to AI investment. The forward P/E is 23.64 versus a 15.40 median for the consumer-discretionary sector, and second-quarter non-operating pre-tax income of $53.4 billion came mostly from Anthropic investments, while hedge fund holders rose to 369 from 353.
- Tesla Stock At $4,400? Cathie Wood's ARK Pins Hopes On Robotaxis, Sees SpaceX Merger In 5 Years
Cathie Wood's ARK Investment Management projects Tesla's share price could reach $4,400 by 2031, implying about 1,095% upside from current levels, with robotaxis accounting for about 80% of projected enterprise value. Its base case assumes roughly 8.1 million cumulative robotaxis and 1 million external Optimus units by 2031, along with nearly $1.45 trillion in revenue and a $17.5 trillion market cap. ARK sees a SpaceX-Tesla merger possibly within five years, which could generate $3.8 trillion in combined revenue by 2031, though Gary Black of Future Fund warns an all-stock deal could dilute gains for Tesla shareholders. Tesla reports its robotaxi service has expanded to seven U.S. cities and it has nearly 1.5 million paid FSD customers, with Q3 results due after the market closes Wednesday. Morningstar expects free cash flow to be negative for a second straight quarter due to heavy capital spending.
- TSLA Stock Rises Overnight: Musk Bets Tesla’s Value On Optimus, Cybercab — Analyst Sees Flying ‘Halo Car’ Luring Buyers
Tesla (TSLA) shares rose 1% overnight after Elon Musk said the Optimus robot and Cybercab robotaxi would account for most of the company’s value, following the recent unveiling of the flying Roadster. Morningstar calls the Roadster a “halo car” that could lift demand across Tesla’s lineup, with production expected in 2028 and fewer than 2,000 annual deliveries forecast. Musk claimed a peak speed above 0.5 Mach (about 400 mph), while AI researcher Yann LeCun dismissed the demo as impractical, estimating the compressed-air thrust would last less than 10 seconds. Reservations cost $50,000 for Performance and $250,000 for Thrust, but the car is not approved for public roads. Tesla reports earnings on Wednesday, after TSLA fell 7% last week.
- inDrive and Pony.ai Announce Collaboration to Explore Autonomous Mobility in Kazakhstan Built on NVIDIA Hyperion
inDrive, Pony.ai and NVIDIA signed a memorandum of understanding to explore autonomous ride-hailing, with Kazakhstan chosen as the first test market because of its new legal framework for driverless transport. The three companies will evaluate the technical, operational, regulatory and commercial feasibility of offering level 4-ready robotaxis through the inDrive app. Pony.ai will provide Gen-7 robotaxis, inDrive will run the ride-hailing service, and NVIDIA will support the project with AI infrastructure; the first launch is planned in Astana, a city of about 1.7 million people, following an agreement with the Kazakh government. After the initial launch, the companies will assess expansion to other Kazakh cities and to other countries where inDrive operates. The inDrive app has been downloaded over 400 million times.
- Is UBER Stock Worth Betting on Now, Riding on Its Expansion Drive?
Uber Technologies is widening its business beyond ride-hailing into food delivery and freight, relying on acquisitions, international growth and partnerships. It agreed to buy ezCater, a U.S. catering and workplace-meals platform, in an all-cash deal valued at $2.3 billion to strengthen Uber Eats in large-order catering and Uber for Business. The deal is expected to close in the coming months, subject to regulatory approvals, and Uber expects it to be margin accretive. The move could challenge DoorDash, which expanded its own workplace catering offerings in April 2026 after large team orders grew 30% faster than regular orders. In autonomous mobility, Uber works through partners: it launched supervised rides with Wayve in London, and with WeRide and AVOMO it secured Spain's first national Level 4 permit for a Madrid rollout starting with 20 vehicles, while its Zoox alliance targets Los Angeles next year.
Related markets
Latest news
- Amazon Third-Quarter Results Miss Views as AI Spending Drives Negative Cash Flow
- Potential multi-billion Binance hack hitting crypto markets
- Intel Server Sales Jump 78%, Q4 Outlook Dims: Rapid Earnings Reaction
Intel reported quarterly revenue of $16.5 billion, up 21% from a year ago, with data center and AI revenue reaching $7.3 billion, up 78%, its strongest data center revenue growth in 15 years. GAAP gross margin rose to 43% from 38.2%, but GAAP EPS fell to $0.60 from $0.90, as last year's quarter included a $5.45 billion gain from selling most of its Altera stake and the diluted share count rose after heavy stock sales, including a $23 billion public offering this quarter. For the fourth quarter, Intel guided revenue to $15.0 billion to $16.0 billion, below this quarter, and GAAP gross margin to 37.1%; the article suggests lower sales spread across fixed costs could explain much of the margin drop, though the company did not explain it. Demand for server chips is outpacing Intel's production, but a PC slowdown is expected to last through the first half of next year. Shares fell about 18% in early after-hours trading.
- Bloomberg Commodity Index 2027 Target Weights Announced
Bloomberg announced the 2027 target weights and composition for the Bloomberg Commodity Index (BCOM), which will remain made up of 25 exchange-traded contracts on physical commodities and take effect during the January 2027 roll period. Precious Metals rose to 19.49%, its second-highest weight in history, driven by Silver's increase to 4.56%, while Gold stayed the largest component at 14.93%, slightly below its 15% limit. Grains fell to 20.61%, a historical low, and Energy declined slightly to 29.37%, its third consecutive annual drop; Brent crude rose to a record-high 8.59% while WTI fell to a record-low 6.41%. Livestock rose from 5.64% to 5.94%, Softs fell from 9.17% to 8.84%, and Industrial Metals were essentially unchanged at 15.75%.
- Amazon's mixed Q3 earnings raises some questions
Amazon's AWS grew 39% in the third quarter, slightly above the roughly 38% consensus, but the speaker said the beat was not large enough after stronger cloud acceleration reported by Microsoft and Google. Overall revenue missed estimates, mainly due to retail, which includes advertising. Amazon kept its full-year CapX outlook at $220 billion, while third-quarter capex came in well above estimates, implying a sizable step-down in the fourth quarter. The speaker sees the capex cycle rising but very lumpy, with some quarters potentially reaching $80 billion and others around $40 billion.
- After Another Strong Quarter, XPO Sees More Room for Margin Improvements
XPO, a less-than-truckload (LTL) carrier, posted another strong quarter, with North American revenue growing in double digits excluding fuel and margins improving. Total revenue rose 12.4% to $2.37 billion, slightly below the $2.38 billion estimate, while adjusted EBITDA climbed 26.6% to $433 million and adjusted EPS jumped 59% to $1.70, above the $1.57 consensus. Adjusted operating ratio improved 260 basis points to 80.1%. Tonnage per day rose 5%, which Chief Strategy Officer Ali Faghri attributed to market share gains and a rebound in industrial demand, while pricing rose in the mid-single digits. Faghri said XPO is on track to meet its 2021-2027 goals a year early and could bring the adjusted operating ratio to the low 70s if demand keeps growing.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.