Source item
Open original source ↗Perspective! In the most penetrated US geographies, human-driven ridehail accounts for ~3% of vehicle miles traveled. In an autonomous world, we believe $TSLA will dominate personal transportation, transforming a low margin EV play into a high margin, recurring revenue SaaS play.
Quoted context
These are the quoted author’s words.
People often compare robotaxi to human-driven ridehail, but the opportunity is much bigger. In US core counties, ridehail is only ~3% of VMT on average. Even in SF it’s only ~13%. Think bigger. Robotaxis will be everywhere.
DMaguireARK ↗