Lyft teams up with Waymo to bring robotaxis to Nashville in 2026—reshaping ride-hailing, fleet ops, and EV infrastructure.

Winners (Longs)

Lyft ($LYFT) — Gains a second growth lane beyond human-driver rides as it provides fleet management (via Flexdrive) and builds a purpose-built AV facility with charging and service, creating high-margin platform and services revenue as Waymo vehicles run on Lyft’s network later in 2026.

Alphabet / Waymo ($GOOGL) — Expands Waymo’s distribution from its own app to Lyft’s rider base, improving utilization and monetization alongside existing Uber integrations in Austin/Atlanta.

ChargePoint ($CHPT) — Beneficiary of incremental depot DC fast-charging demand as Lyft constructs an AV fleet management facility with charging; vendors that land this capex win stand to gain hardware, software, and service revenue.

EVgo ($EVGO) — Similar EV-charging upside from depot build-outs and potential roaming/operations agreements as autonomous fleets scale in new metros.

Tata Motors / Jaguar Land Rover ($TTM) — If Nashville follows Austin’s use of Waymo’s all-electric Jaguar I-PACE fleet, JLR could see higher visibility and volume from additional robotaxi deployments.

Losers (Shorts)

Uber ($UBER) — Shares fell on the announcement as Lyft secures a marquee AV partner for 2026, threatening Uber’s AV aggregation narrative despite its own Waymo tie-ups in Austin and Atlanta.

General Motors ($GM) — Cruise’s brand and momentum remain in recovery; Waymo’s multi-platform expansion with Lyft raises competitive pressure as GM restarts its autonomous push post-setbacks.

Tesla ($TSLA) — Waymo-Lyft adds a credible, multi-app rival to Tesla’s Austin robotaxi pilot, challenging Tesla’s path to scale in ride-hailing where geofenced, fully driverless services gain city approvals first.

Progressive ($PGR) — If robotaxis scale and sustain materially lower injury-crash rates, personal-auto insurers face long-run frequency pressure and pricing headwinds in covered geographies. Waymo cites markedly fewer injury collisions in its operating cities.

Allstate ($ALL) — Similar long-duration risk profile to PGR as AV penetration expands and claim frequency potentially declines in early deployment markets.