Is Waymo a Bust?

Although the stock of Google parent Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) is up a healthy 34% on the year, its self-driving-car unit, Waymo, has had a bit of a rocky start to 2021. So, should Alphabet investors chalk up Waymo as a bust? How Waymo got to this pointKrafcik had initially come on board as CEO of Waymo back in 2015, six years after Alphabet's self-driving "moonshot" research project kicked off in 2009. Waymo has also now pivoted to promote longtime technical director Dmitri Dolgov and policy director Tekedra Mawakana to co-CEO positions. In another positive for shareholders, it doesn't appear the market is giving much value to the Waymo unit anyway.