One of Cathie Wood’s favorite industry leaders just hit a roadblock

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Authorities have put a pause on one company wreaking havoc on the roads.

Cathie Wood’s robotaxi future may have somewhat come into fruition as multiple companies have deployed driverless cars to roam the roads and take passengers.

Members of SafeStreetRebel, a group of activists, place a cone on a self-driving robotaxi to disable it in San Francisco on July 11. JOSH EDELSON/Getty Imagessubsidiary Waymo have been under fire by local authorities, motorists and the general public ever since they were allowed to provide 24-hour rideshare services around the San Francisco area and in other U.S. cities.

San Francisco Supervisor Aaron Peskin told Forbes that Cruise’s suspension was “better late than never,” adding “San Francisco has long held that Cruise vehicles were not ready for prime time and the state should have never allowed their unlimited deployment in the first place.”

 

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