Elon Musk pins Tesla’s future on the Cybercab
Elon Musk is set to unveil Tesla’s long-awaited robotaxi, which he believes will turbocharge the company’s market valuation into the trillions of dollars.
Self-driving taxis have been launched in cities across America with mixed results, losing billions of dollars and incurring the wrath of regulators.
Musk, however, sees the Cybercab as the future of Tesla and said the fully autonomous vehicles would work via a dedicated ride-hailing platform. Tesla owners will be able to make money from their cars by renting them out, Musk has said, an arrangement he has described as a “combination of Airbnb and Uber”.
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Elon Musk is set to unveil Tesla’s long-awaited robotaxi, which he believes will turbocharge the company’s market valuation into the trillions of dollars.
Self-driving taxis have been launched in cities across America with mixed results, losing billions of dollars and incurring the wrath of regulators.
Musk, however, sees the Cybercab as the future of Tesla and said the fully autonomous vehicles would work via a dedicated ride-hailing platform. Tesla owners will be able to make money from their cars by renting them out, Musk has said, an arrangement he has described as a “combination of Airbnb and Uber”.
#InternationalNews, #GlobalUpdates, #BreakingNews, #WorldNews, #LiveNews, #CurrentAffairs, #NewsToday, #GlobalEvents, #PoliticalNews, #EconomyNews, #InternationalPolitics, #TrendingNews, #DailyWorldNews, #WorldHeadlines, #NewsChannel, #GlobalReport, #WorldAffairs, #NewsCoverage, #LatestNews, #InternationalReport #WarNews, #ConflictUpdates, #CrisisReport, #InternationalConflict, #GlobalCrisis, #BreakingWarNews, #WarCoverage, #CrisisUpdates, #ConflictZone, #GlobalConflicts, #WarInTheWorld, #InternationalTensions, #MilitaryNews, #WorldCrisis, #WarHeadlines, #CivilWarNews, #ConflictReport, #WarFootage, #OngoingCrisis, #CrisisCoverage #ukrainwar #israelwar #palestine #middleeastcrisis
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NewsTranscript
00:00We'll move from supervised full self-driving to unsupervised full self-driving,
00:05where you could fall asleep and wake up at your destination.
00:09How many hours a week are cars used?
00:12Your average passenger car is only used about 10 hours a week out of 168 hours.
00:18So the vast majority of the time, cars are just doing nothing.
00:22But if they're autonomous, they could be used, I don't know, five times more?
00:27Maybe 10 times more.
00:30It'll save lives, like a lot of lives, and prevent injuries.
00:35I think we'll see autonomous cars become 10 times safer than a human.
00:41I think the cost of autonomous transport will be so low
00:46that you can think of it like individualized mass transit.
00:52The average cost of a bus per mile for a city,
00:56not the ticket price, because that is subsidized,
00:59but the average price is about a dollar a mile.
01:02Whereas the cost of cyber cab, we think probably over time,
01:08the operating cost is probably going to be around 20 cents a mile.
01:13And price, including taxes and everything else,
01:16probably ends up being 30 or 40 cents a mile.
01:19So, yes, and you will be able to buy one.
01:26Yes, exactly.
01:30And we expect the cost to be below $30,000.