According to Karim Dia Toubajie from Toyota Connected Europe, Waymo’s robotaxi data for Q3 2025 reveals something intriguing: a whopping 90% of the rides included only one or two passengers. This is a solid shout-out to Tesla’s (TSLA) design choice for their two-seat Cybercab, hinting that we might be overestimating the size needed for ride-hailing services today.
What Are the Actual Passengers Like?
Toubajie’s analysis, shared on LinkedIn, looked at Waymo’s filings with the California Public Utilities Commission. He detailed that 71% of the rides had just one passenger, while 15% had two, and only a slim 3% transported four people. The figures may not include trips for vehicle charging or moving back to the depot, but the core idea remains: most of Waymo’s larger vehicles aren’t utilized to their full potential. They often carry fewer passengers than intended.
This shifts the narrative, making Tesla’s two-seat Cybercab feel way more relevant than skeptics first thought. Given that Tesla aims for speedy and cost-effective production—Elon Musk remarked on the assembly line’s similarity to those used for consumer electronics—it’s plausible they could roll out a ton of these vehicles quickly. Plus, they would still have their Model 3 and Model Y to cater to that remaining 9% of rides needing a bit more room.
What’s the Outlook for TSLA Stocks?
Now, eyeing the stock market, analysts have currently placed a ‘Hold’ consensus on TSLA, integrating insights from 13 Buy, 11 Hold, and 10 Sell ratings over the last three months. Notably, the average price target sits at $383.04 per share, hinting at a potential 11% dip.
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