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Open original source ↗And yet, I can’t find a realistic cost-per-mile model for this $5-7T Robotaxi “opportunity”. $TSLA
(2) And of course if you extrapolate $GOOGL’s Waymo numbers (LA/SF/PHX/AU are 9% of the US urban population), or NYC’s $5B market(7% of US urban), you can see pretty quickly this doesn’t add up to $5-7T. More like $50-70B for entire US ride-hailing market. https://t.co/jdM9zwjiQ9
(3) And $LYFT has about one-quarter market share in the US, with 2024 gross bookings of $16B. Again, the implied math ($64B market) checks out. $TSLA https://t.co/PPGaQ1H3n1
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Does anyone out there realize that 1/ the Cybercab is a business that does not exist today in Tesla, 2/ the team is aiming to produce 2M of these per year, 3/ a majority of Tesla’s valuation will be based on Robotaxis, 4/ Elon says this is a $5-7 trillion opportunity, and 5/ $TSLA is trading under <$1 trillion today?!
Teslaconomics ↗