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Comment by JasonBorne

12 hours ago

Of course it will be high. Transit is a huge market. They would just need a small share of Uber, lyft, regular taxis, public transit.

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JasonBorne

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Deklomalo  7 hours ago

Tesla is already valued 9x higher than uber.

Uber makes money on every ride.

Teslas Robotaxi has to be cheaper than a taxi with a human and i don't think they will be able to have a lot higher revenue per ride than uber. Not 9x

And if Tesla starts to deliver a robotaxi, all of this revenue has to be shared between taxis, uber, Tesla, Waimo, Zoox, Rimac, Cruise, Baidu, WeRide, ...

So how huge is the market for Tesla to be valuated 9x higher than Uber?

We can even combine a big car company, a robotics company, a solar roof company, battery storage company, ETruck and a robotaxi company and STILL don't get to the same valuation than Tesla currently has.

Teslas share price is math for stupid people.

  • sib  4 hours ago

    >> i don't think they will be able to have a lot higher revenue per ride than uber. Not 9x

    Why would Tesla need to have higher revenue per ride than Uber? The value of a company is driven (ultimately) by its profit, not its revenue. And Tesla doesn't have to give the majority of the fare to the driver.

lisdexan  8 hours ago

>Uber, lyft, regular taxis

Waymo is already there, just needs to scale and they are already cooperating with Uber.

>public transit

Unless Musk develops the shrink ray it will never compete with actual high throughput public transit, for the same reason if jets flew themselves we wouldn't commute by air. The cost of drivers per fare is less than in a private car, so the benefits for a bus are lesser. Modern metros are already autonomous.

  • zeryx  6 hours ago

    Also the US is essentially the only country with failed public transit, outside of Africa. If he thinks he can expand his robo taxi fleet to China or Europe or hell even Russia he's got screws loose