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Amazon's Zoox expands driverless robotaxi service to San Francisco and Las Vegas, challenging Tesla's autonomous plans.

Market News
18 Aug 2026
24/7 Wall Street
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Neutral
Amazon's Zoox expands driverless robotaxi service to San Francisco and Las Vegas, challenging Tesla's autonomous plans.

Amazon's subsidiary Zoox is expanding its fully driverless robotaxi service to San Francisco and Las Vegas, directly competing with Tesla's autonomous vehicle ambitions. Zoox operates without safety drivers, while Tesla is still transitioning to remove safety monitors, with its robotaxi rollout planned for early 2026. This expansion tightens the competition in key markets where Tesla has yet to launch fully driverless services. Investors should watch if Tesla can accelerate its driverless technology before Zoox gains strong market presence, as Tesla's stock and analyst sentiment show caution amid this rivalry.

More News (AMZN)

Amazon and Walmart's overlapping summer sales drew more shoppers but lowered average spending per customer.

Amazon and Walmart's overlapping summer sales drew more shoppers but lowered average spending per customer.

In June 2026, Amazon Prime Day and Walmart Deals overlapped for the first time, attracting 64% of U.S. consumers to shop at least one event, up from 33% in 2025. This overlap brought millions of new shoppers, especially baby boomers and seniors, who ...

Market News
Neutral
11 hours ago
August jobs report beats expectations, shifting Fed focus to inflation and CPI data.

August jobs report beats expectations, shifting Fed focus to inflation and CPI data.

The August jobs report showed stronger-than-expected job growth with 162,000 jobs added and unemployment steady at 4.1%, easing concerns about labor market weakness. This shifts the Federal Open Market Committee's (FOMC) attention fully to inflation ...

Market News
Neutral
2 days ago
Amazon offers strong growth potential with a PEG ratio under 1 and new delivery tech boosting efficiency.

Amazon offers strong growth potential with a PEG ratio under 1 and new delivery tech boosting efficiency.

Amazon.com, Inc. presents a compelling growth-at-a-reasonable-price (GARP) investment opportunity, with a PEG ratio below 1 indicating undervaluation relative to earnings growth. Key growth drivers include Amazon Web Services (AWS), artificial intell...

Analyst Insights
Bullish
2 days ago
JEPQ ETF pays monthly income but lags Nasdaq-100 returns over the past year due to its covered-call strategy.

JEPQ ETF pays monthly income but lags Nasdaq-100 returns over the past year due to its covered-call strategy.

The JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) provides monthly income distributions attractive to retirees and income-focused investors. However, over the past year, JEPQ returned 21.21%, trailing the Nasdaq-100's 26.50% total return, due to i...

Market News
Neutral
2 days ago
Jim Cramer says the Magnificent Seven tech stocks are finally cheap, but only some are true buys.

Jim Cramer says the Magnificent Seven tech stocks are finally cheap, but only some are true buys.

Jim Cramer recently called the Magnificent Seven tech stocks—Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla—a generational buying opportunity, arguing they are undervalued due to heavy AI infrastructure spending. He believes this capital invest...

Market News
Bullish
3 days ago
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