It does in certain strictly determined conditions + human assistance.
But the point Tesla didn't go through "FSD with ultrasonic + lidar + cameras", and then start to reduce the sensors. They went from "no FSD" to "broken non-working FSD, but now only with cameras". That is not how you strip down a working product to reduce costs.
Waymo has sensors but they don't sense purely in real-time. Meaning the roads are mapped out in detail ahead of time. This is fine and effective, but it makes the comparison not really fair. A human driver will do splendidly in an area they've never been before, whereas a Waymo taxi won't.