I don't think people have quite realized Cybercab is also a hedge against vehicle sales dropping. Musk can keep the factory at high utilization by pumping out cabs at cost and start collecting rideshare income.
Tesla just announced Cybercab is now in production.
I don't think you quite realize that Cybercab is a long, long way from scaling into a profitable business.
Safety and remote drivers are a huge barrier to achieving this. As is legal liability for accidents. Uber sidesteps this issue completely since it is the driver's responsibility.
Word is that Robotaxi is crashing at a higher rate than human drivers in Austin --- even with safety drivers.
Based on Tesla's stock price and P/E ratio, it would seem most people do believe what you're suggesting, right?
But I am curious what the end-to-end math looks like for all costs incurred in Cybercab rideshare services, maintenance, insurance, repairs, and so forth, and how that calculates out per mile. And of course the volume of rideshares, given the tepid pace most Tesla announcements come to fruition and scale.
The Model 3 / Y scaled better than many predicted, but since then, other promises have gone the other way.
Tesla just announced Cybercab is now in production.