Elon described costs and details of the master plan for a robotaxi fleet and service at Autonomy Day. Many are criticizing the full self-driving plan and do not believe it will be achieved or will be far, far later. The future of Tesla and the world will be massively impacted if this master plan succeeds or if it does not.
If it succeeds then Tesla makes billions. 1 million robotaxis making $30,000 per car per year for owners and similar amounts for Tesla would be $30 billion per year.
If would also mean about 50 billion robotaxi miles per year within a couple of years of successful full serlf-driving. Uber provided 26 billion miles of ridesharing in 2018.
In the USA, 3.22 trillion miles are driven on roads and there is about 12 trillion miles driven in the world.
Tesla makes their in-house chip for full self-driving. In 2020, they expect to have 1 million cars on the road with the hardware necessary for full self-driving and which could become robotaxis. They believe they will have the most profitable autonomous taxi on the market. Uber and Lyft lose a lot of money on ridesharing. Elon Musk says that a robotaxi using a full self-driving taxi will only cost 18 cents per mile.
The average Tesla car is parked for 22 hours per day. In 2020, owners will be able to use the Tesla app to their car to pick up and drop off passengers autonomously, earning an estimated 65 cents per mile in fares.
By Tesla’s estimates, owners might be able to earn $30,000 in gross revenue from their cars per year. This would be more than $300,000 in revenue over the 11-year lifespan of an average car.
Elon is saying Tesla cars will last 1 million miles. Tesla owners would need to give nearly 500,000 miles or ride at 65 cents per mile for Tesla car owners. Tesla would make more from their share of the robotaxi business and Tesla would have post-lease vehicles dedicated to the robotaxi fleet.
Written By Brian Wang, nextbigfuture.com
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
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