The billionaire has a history of over promising, and not everyone is convinced that the Tesla Network can roll out as quickly as planned.
network of robo-taxis on Monday, with his sights set on a million autonomous electric vehicles shuttling passengers within a year.Musk told a room of investors and Wall Street analysts at the company's Palo Alto headquarters
."Not in all jurisdictions because we won't have regulatory approval everywhere, but I'm confident we will have regulatory approval at least some where, literally next year." Tesla estimates the cost of running a robo-taxi on the"Tesla network," onto which any owner can add their car, to be less than $0.18 per mile. Using a sample fare of $1 per mile, that translates to $30,000 per car annually or $30 million when 1 million cars are running, as Musk predicts."Expect this to operate sort of like a combination of the Uber and the Airbnb model," Musk said.
Autonomy is key for ride-hailing, and not just for Tesla. Uber and Lyft, easily the two biggest companies in the space, are spending huge chunks of their revenue on paying drivers. Many Wall Street analysts have suggested that withOf course, not everyone was so quick to jump onto Musk's vision. The billionaire has, after all, a track record of making grandiose promises that don't pan out on the same scale or timeline.
"We see the focus on FSD as a desperate attempt to convince Tesla car buyers to pay the $8,000 for the"FSD" option, even though the company acknowledges the software doesn't work and they will have a new next-gen solution in ~2 years."
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