00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Amazon-owned Zuox has started charging for rides in Las Vegas with its purpose-built
00:07robo-taxis, according to the Wall Street Journal. The autonomous vehicles operate
00:12without steering wheels, pedals, or traditional dashboards. The company is also running the
00:17vehicles in San Francisco and plans to expand service to Austin and Miami.
00:21Zuox faces competition from Waymo and Tesla while taking on the added challenge of manufacturing
00:26its own vehicles. CEO Acha Evans said building its own vehicles lets the company quickly
00:32refine designs based on rider feedback. Federal regulators last month allowed Zuox to charge
00:37for rides in up to 5,000 vehicles over two years, with restrictions on weather and road
00:41conditions. Goldman Sachs expects the robo-taxi market to reach nearly $19 billion in sales
00:47by 2030, up from $376 million last year. For all things money, visit Benzinga.com.
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