Baidu Pushing to Expand Robotaxi to 30 Chinese cities by 2023-2024

Baidu plans to expand its robotaxi ride-hailing services across 30 cities in China in two to three years to serve a wider range of users. Robin Li, founder of Baidu, said at the 2021 ABC Summit. Currently, there are about 500 test vehicles in the Baidu Apollo self driving program and they are the first …

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Ark Estimates $11–12 Trillion Robotaxi Market in 2030

ARK estimates that autonomous driving could reduce the cost of ride-hail significantly, expanding the addressable market. Today, the average price of an Uber is $2 per mile, while Didi is $0.50-$.70 per mile. We estimate that autonomous ride-hail vehicles will have higher utilization rates than human-driven cars, as well as lower labor and insurance costs. …

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Ark Invest Believes a Tesla Robotaxi Future is the Most Likely Scenario

ARK’s 2025 price target for Tesla is $3,000. ARK’s 25% bear case is for Tesla at $1,500 in 2025. The 25% bull case is Tesla could be worth roughly $4,000 per share. They published their model on Github and invite you to test your own assumptions and/or craft visualizations from the simulation outputs for our …

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