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Tesla CEO Elon Musk is making waves after revealing his ambitious Robotaxi vision, This can lead to favorable and unfavorable results. The head of Tesla has been raving about Robotaxis for years. In 2019, Musk made bold predictions about Tesla’s Robotaxi plans, even claiming that the service could launch as early as the following year. While that didn’t quite materialize, Musk did take a peek at Tesla’s store. This includes driverless taxis that can be greeted at the push of a button, and eventually taxis that may not have any steering wheel or any human controls.
Tesla’s CEO believes that demand for its Robotaxis will be high, and even expressed They can become more profitable and less expensive than competing services like Lyft. Of course, Musk himself has highlighted the challenges Tesla will face, such as regulatory hurdles and vehicle accident liability, to name a few. However, that certainly didn’t stop him from making another ambitious statement about the future of Tesla’s Robotaxi.
At Tesla’s Annual General Meeting , Musk predicts that its Robotaxis will not only be like Uber, but also like Airbnb (via the New York Post). Musk revealed that Tesla owners will soon have the option to add their personal electric vehicles to the company’s Robotaxi fleet. Doing so would allow them to earn extra income when not driving EVs, which, as Musk points out, spend most of their time dormant in parking lots “doing nothing.” To do that, Tesla’s Full Self-Driving system should work flawlessly by then, and Musk remains confident in its chances of success.
Tesla CEO claims a ‘universal solution’ for self-driving is currently under development , it still works even if it’s for a “randomly generated alternate earth”. The problem is that self-driving technology is already threatening jobs of all kinds at breakneck speed, and Tesla is one of its main catalysts (via Insider). Investors may soon find autonomous electric vehicles more attractive than leasing real estate, given Musk’s past estimates of Robotaxis being able to generate annual earnings of $30,000 per unit. While it’s unclear when Tesla will be able to make that happen, it probably won’t be anytime soon. Lucid CEO and former Tesla engineer Peter Rawlinson said last year that Robotaxis was still 10 years away, as he said coming up with self-driving software was a “mountain to climb.”