Toyota announced a cooperative effort to test the self-driving capabilities of Waymo. Waymo reported 4 million fully autonomous rides last year in the U.S., quadrupling its total before 2024. Driverless taxis now operate in Austin,

Alphabet’s Waymo and Toyota Motor announced a preliminary agreement to delveop self-driving technologies together. Tesla investors should take notice.

Toyota Motor Corp. and Alphabet Inc.’s Waymo will explore collaboration on autonomous-driving technology, a potential boost to the Japanese carmaker’s efforts to catch up to the cutting-edge systems offered by major rivals.