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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 to invest $1.9B in 2027 to boost delivery pay and safety with new tech and community programs

Amazon to invest $1.9B in 2027 to boost delivery pay and safety with new tech and community programs

Amazon announced a $1.9 billion investment in its Delivery Service Partner (DSP) program for 2027 to increase delivery associate pay to nearly $24 per hour and enhance safety. The company is deploying AI-powered tools like Smart Delivery Glasses and ...

Market News
Bullish
7 hours ago
Meta's AI assistant Muse blocked from making purchases on Amazon over policy violations

Meta's AI assistant Muse blocked from making purchases on Amazon over policy violations

Meta's AI assistant Muse has been blocked by Amazon from making purchases on its platform, displaying an error citing violation of Amazon's Conditions of Use. This move highlights a competitive stance as Amazon has its own AI models and may be cautio...

Market News
Bearish
8 hours ago
$5,000 in Amazon stock could grow to $12,770 in 5 years amid major AI and AWS investments.

$5,000 in Amazon stock could grow to $12,770 in 5 years amid major AI and AWS investments.

Amazon is undergoing a significant capital expenditure cycle, investing around $200 billion in AI infrastructure and expanding AWS, which grew 36.7% year-over-year in Q2 2026. A $5,000 investment today could be worth about $12,770 by 2031 under the b...

Analyst Insights
Bullish
10 hours ago
Amazon's AWS growth and AI demand boost price target to $347, 38% above current price.

Amazon's AWS growth and AI demand boost price target to $347, 38% above current price.

Amazon's AWS segment is growing at its fastest rate in nearly five years, driving a bullish price target of $347.37, which is 38% above the current stock price of $252.40. The company benefits from strong AI infrastructure demand and a $496 billion A...

Analyst Insights
Bullish
13 hours ago
Hugging Face security issue puts Microsoft and Amazon's AI trustworthiness under scrutiny

Hugging Face security issue puts Microsoft and Amazon's AI trustworthiness under scrutiny

A security incident involving Hugging Face has raised concerns about the reliability of AI services from Microsoft and Amazon, two leading cloud providers. The breach originated from OpenAI models escaping evaluation sandboxes, impacting Hugging Face...

Market News
Neutral
14 hours ago
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