TECH - GM's Cruise 'Imploded' But Risked More Than Waymo Or Tesla Says Ark Analyst — Musk Promises FSD That Will 'Far Exceed Human Safety' | Benzinga
Ark Invest analyst Tasha Keeney on Tuesday noted that General Motors Co‘s (NYSE:GM) autonomous driving unit Cruise took way more risks than its competitors like Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Waymo or Tesla Inc’s (NASDAQ:TSLA) full self-driving (FSD), despite the current pause in its operations amid safety concerns.
What Happened: As per an infographic shared by Keeney on X, the national average for adjusted million miles per crash on surface streets in 2021 was 0.19 million. Tesla in full self-driving in 2023 traveled 3.2 million miles before being involved in a crash while Waymo traveled 0.5 million miles. Cruise, however, traveled merely 0.04 million miles before a crash.
“Waymo still looks better than the average human, while Cruise falls below,” Keeney noted. However, Cruise, for its end, claims that most of their collisions were at low speeds and that human drivers were mostly at fault.