Waymo Lead Over Tesla Jumps

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

Quick Read

  • IIHS finds Waymo's driverless vehicles involved in 68% fewer crashes per mile than human drivers across four major US cities.

  • IIHS excluded Tesla (TSLA) from the safety study, leaving its Robotaxi unverified as Waymo operates in 11 cities versus Tesla's 7.

  • Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Tesla didn't make the cut. Grab the names FREE today.

Waymo Lead Over Tesla Jumps

© JasonDoiy / iStock Unreleased via Getty Images

Endorsements from the Insurance Institute for Highway Safety (IIHS)/Highway Loss Data Institute (HLDI) are among the most highly prized in the car industry. The Top Safety Pick+ and Top Safety Pick are used by hundreds of thousands of people when they make car purchases. These ratings have been part of the car industry since 2006.

Now, they have used their research prowess to look at the safety of a single self-driving car brand–Google’s Waymo. The Waymo system’s crash rate was compared to that of human-driven cars. A ranking of Tesla’s (NASDAQ: TSLA | TSLA Price Prediction) Robotaxi was nowhere to be found. That means any potential safety issue with the Tesla product, a major hurdle to self-driving vehicle adoption, has been left behind. IIHS did not give a reason.

The research paper about Waymo safety was titled, “Rise of the machines: crash experiences of highly automated vehicles and human drivers.” It gathered federal data on the operations of SAE Level 4 (L4). This stands for highly automated vehicles. Vehicles with these systems have to report accidents to the Federal Highway Administration. Waymo also provided data. Information on human-based accidents came from states based on “police-reported” incidents. “The sample was restricted to crashes that a person would typically report to the police,” the research showed.

The key conclusion from the test was, “Per vehicle mile traveled (VMT), Waymo’s driverless vehicles deployed in San Francisco, Phoenix, Los Angeles and Austin were involved in 68% fewer crashes than human drivers.”

As states and municipalities look at approval of self-driving vehicles for broad use, safety is at the top of the list. Self-driving accidents are often widely reported by the press. That, in turn, can trigger broad concerns about their safety. This may well affect how broader populations view their anxiety about handing over all driving features to an AI-based system.

Each self-driving car parent company makes extensive claims about how they operate compared to human driving. Tesla Executive Officer Ashok Elluswamy recently said, “Robotaxi growth, so far, has been literally exponential while keeping an impeccable safety record.”

There is a heated race for self-driving acceptance by government, because the financial viability of these programs is at stake. Another measure of acceptance is the number of cities where vehicles are being tested. Recent data show Waymo is operating in 11 American cities while Tesla is in seven.
Both Tesla and Waymo will take whatever edge they can for adoption as each races to become the industry leader. The new IIHS test of Waymo’s safety has helped it pull ahead in the race.

Contact [email protected] for any questions or corrections.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

DLR Vol: 6,157,817
SLB Vol: 15,523,237
EQIX Vol: 366,962
NOW Vol: 15,653,575
IRM Vol: 562,839

Top Losing Stocks

CTRA Vol: 73,319,495
CHRW Vol: 1,664,291
CHTR Vol: 5,612,185
AXP Vol: 3,540,357