Introducing Periscope by Unusual Whales, a clear view of Market Maker SPX positioning. Get access here.
Amazon's self-driving business called Zoox starts Las Vegas operations for driverless robotaxis

Per Reuters

With multiple companies having long been working on autonomous driving vehicles, Amazon has launched its self-driving business in Las Vegas for driverless robotaxis. This was launched under the company Zoox, which also started hiring more people.

The company reportedly increased its staff count by 16% at an advantageous time for Amazon. Zoox headcount grew from 1,900 to 2,200 according to Jesse Levinson, the company's Chief Technology Officer.

Levinson: "We are preparing for commercial launch and so it is important to beef up,"

This is as more large companies with their own autonomous driving sectors having decided to exit.

On June 16, Zoox decided to take to Las Vegas streets to test out its driverless taxis. What makes the vehicles different is that they don't have steering wheels or pedals.

So far, Zoox's autonomous self-driving vehicles have reportedly been driving around company employees.

In October, the co-founder and president of Lyft, John Zimmer, said autonomous vehicles won't replace drivers for at least a decade. He said autonomous vehicles would only handle 1-10% of future rides.

In March, once again, Elon Musk reinforced a 2016 promise saying the next Tesla car would be completely autonomous despite no new details revealed on the new vehicle.

See flow at unusualwhales.com/flow.

Other News:

Resources:

Reuters

tastytrade logo+
Get the best broker for options trading and earn $5,000 in cash with an eligible account deposit at tastytrade. Get $50 when you deposit $2000. Offer expires 3/31/25. Certain restrictions, terms and conditions apply.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.