Lyft gains as CEO says San Francisco share losses could be overblown
“SF is a growing market for rideshare. Even with Waymo on the road, our market share remains strong,” Risher said in a post on X over the weekend.
According to Bank of America analysts, Risher’s comments suggest that Lyft's market share in San Francisco has remained largely unchanged year-over-year, despite Waymo's rapid expansion. These collaborations aim to leverage traditional rideshare networks for technology and operational support, which autonomous vehicle manufacturers can use to boost utilization.Uber emphasized that AVs will play a crucial role in increasing supply over time, with rideshare penetration still reaching only 20% of potential riders. Moreover, Uber revealed plans to scale Waymo’s fleet to"hundreds of vehicles" in Austin and Atlanta, demonstrating significant scale.
"Given Uber/Lyft’s national scale and Waymo’s potential multiple year time-frame to reach the top 20 MSAs , we would be positive on traditional rideshare likely still seeing double digit bookings growth in SF."
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