Robotaxi my future business? I hope so!

[3cyberbeast]

I have 29 Ct on order I purchased a CB A couple of months ago, I know I’m waiting on purchasing the rest Until they are able to be my Cyber Fleet and get Pimped out and make me some money My first question is, do you think that Elon will allow the cyber truck to get Robo Taxi feature?.
If not, are there any other companies that look like they’re going to Pimp out their cars?

 

[CasuallyCrypticCyber]

You wildin bro. Cybertruck is going to take a massive price hit. Go with whatever they unveil in October if that’s your plan.

 

[Pops]

If you have $2.9 million to invest you might get a better return in the S&P 500. There are so many unknowns about robotaxi. It's hard to imagine it will be very profitable if you're going to be competing against the best selling vehicle in the world, the Model Y.

My guess is Tesla will never reach full autonomy on vision alone. Elon's logic of "humans drive on vision alone" is flawed. We do not drive on vision alone, we also use an incredible brain. A brain that AI still does not remotely match in accuracy and speed.

 

[UberNoob]

Uber pays its drivers 91 cents a mile, 12 cents a minute. Rumor is robotaxi will charge less then 50 cents. Of that charge, what ever it maybe, Tesla is taking a cut.
It cost 10 cents per mile on the tires and 11 cents a mile supercharging in my M3P. Even tho you will make some money, robotaxi will not pay for the vehicle over the course of its life at sub 1$/mile rates.
Also, without a driver in the seat, nothings going to stop them bums from smoking etc etc in your car. After every trip you will likely have to clean it. Nothing worse than deciding to take your date out for dinner and drinks in her fancy dress and a muddy / sandy / hotboxed taxi rolls up.

 

[lowtek]

How is insurance going to work with robotaxis?

 

[Johnelrod12]

Put your money in a high yield savings account with Raisin. Insured by the FDIC up to $500k with joint accounts. If you have $500k in their western alliance bank account which is 5.20% right now, you will make $2,166 in interest every month.

I have 29 Ct on order I purchased a CB A couple of months ago, I know I’m waiting on purchasing the rest Until they are able to be my Cyber Fleet and get Pimped out and make me some money My first question is, do you think that Elon will allow the cyber truck to get Robo Taxi feature?.
If not, are there any other companies that look like they’re going to Pimp out their cars?

 

[EvilNuff]

...My first question is, do you think that Elon will allow the cyber truck to get Robo Taxi feature?.
If not, are there any other companies that look like they’re going to Pimp out their cars?

Robotaxi is just not possible with Teslas vision only choice in hardware. When you consider the legal and insurance complications, Tesla will likely never achieve full level 5 autonomy needed for robotaxis. Remember that waymo is far ahead of Tesla in this arena. Cruise is far ahead as well and they have had enough problems that their permits to operate driverless were revoked.

 

[3cyberbeast]

The vehicles would be leased and assuming the $7500 tax rebate is a down payment. So nothing out of pocket cost.

 

[3cyberbeast]

Even if I had that much money, I would not just buy trucks with it. It does not make financial sense. If you have that much money you’d would not want to just stick it in a savings account. The ideal financial strategy is to diversify your investments, I would never put that much money in one bank as is, it is not federally insured, and if the bank goes under you would be broke. Below I have outlined potential path for profit.

Strategy and Vehicle Costs

The total purchase price of each Cybertruck would be $60,000. However, by utilizing the $7,500 federal tax rebate as the down payment, you would effectively have no out-of-pocket costs to lease these vehicles. The lease payment would be approximately $600 per month per vehicle, which covers the depreciation and profit for the manufacturer. This makes the financial entry point highly attractive, as you are essentially leasing the vehicles with no initial investment.

Operational Hours

Each Cybertruck in the fleet is assumed to operate 20 hours a day, seven days a week, 365 days a year, with no downtime other than for picking up passengers, loading luggage, and recharging. This extensive operational time maximizes the revenue potential of each vehicle.

Revenue Assumptions

1. Revenue per Mile: $0.50 per mile.
2. Wait Time Revenue: $0.12 per minute.
3. Miles Driven per Day: Assuming each vehicle can drive approximately 500 miles per day with 20 hours of operation (considering an average speed and time taken for passenger loading and unloading).
4. Wait Time: Assuming 20% of the operational time (4 hours or 240 minutes per day) is spent waiting for passengers.

Daily Revenue Calculation

Mileage Revenue: 500 miles $0.50 per mile = $250 per day.
-Wait Time Revenue: 240 minutes $0.12 per minute = $28.80 per day.

Total Daily Revenue: $250 (mileage) + $28.80 (wait time) = $278.80 per day.

Monthly Revenue Calculation

Monthly Mileage Revenue: $250 per day 30 days = $7,500 per month.
Monthly Wait Time Revenue: $28.80 per day 30 days = $864 per month.

Total Monthly Revenue per Vehicle: $7,500 + $864 = $8,364 per month

Maintenance and Other Costs

In addition to the lease payment of $600 per month, there are other operational costs to consider, such as:

Electricity Costs: Charging the Cybertruck.
Insurance: Coverage for the vehicle and liability.
Maintenance: While electric vehicles generally have lower maintenance costs, there are still expenses related to tire rotations, brake pad replacements, software updates, and routine inspections. Over the first three years, these costs might average around $200 per month per vehicle.
Other Costs.Miscellaneous costs such as cleaning, vehicle tracking systems, and administrative fees.

Monthly Cost Breakdown

Lease Payment: $600 per month.
Electricity, Insurance, and Maintenance**: Approximately $1,200 per month.

Total Monthly Costs per Vehicle**: $600 (lease) + $1,200 (other costs) = **$1,800 per month.

Monthly Profit Calculation

Monthly Revenue: $8,364
Total Monthly Costs: $1,800

Estimated Monthly Profit per Vehicle
$8,364 (revenue) - $1,800 (total costs) = $6,564

Yearly Profit Calculation for a Fleet of 20 Vehicles

Monthly Profit per Vehicle: $6,564
Yearly Profit per Vehicle: $6,564 12 months = $78,768

Yearly Profit for a Fleet of 20 Vehicles:
$78,768 20 vehicles = $1,575,360


A Cybertruck Robo taxi fleet could generate approximately $6,564 in profit per month. For a fleet of 20 vehicles, this would result in $131,280 in total monthly profit, and $1,575,360 in yearly profit. there is a strong potential for profitability, leveraging the $7,500 tax rebate, extensive operational hours, and the relatively low ongoing maintenance costs associated with electric vehicles.

This does assume several things such as the tax credit and the Robo taxi to be fully operational before the rebate expires among other assumptions.

According to this model, I would make just five cents every second of the day all year long, I can live on that quite well.

 

[UberNoob]

Leasing is even worse for robotaxi unless you find a way around the 12,000 mile (normal average joe) yearly lease limit. Overage is something like 60+ cents a mile. I put on about 6k miles a month. I Have a 2022 M3P that just broke 100k miles.
Just saying, you better math it out before comitting to a payment.

 

[3cyberbeast]

Leasing is even worse for robotaxi unless you find a way around the 12,000 mile (normal average joe) yearly lease limit. Overage is something like 60+ cents a mile. I put on about 6k miles a month. I Have a 2022 M3P that just broke 100k miles.
Just saying, you better math it out before comitting to a payment.

At the end of the lease, you would just buy out the vehicles, The Cyber Taxi company would be able to get a loan to finance all Vehicles as it is now a profitable and viable business. Also something to consider if you can get a taxi at $.50 a mile why would you want to own a vehicle? How much does it cost the American consumer for an average middle of the road car per mile? That number with maintenance and insurance and repairs cost about $0.60 a mile.

 

[UberNoob]

At the end of the lease, you would just buy out the vehicles, The Cyber Taxi company would be able to get a loan to finance all Vehicles as it is now a profitable and viable business. Also something to consider if you can get a taxi at $.50 a mile why would you want to own a vehicle? How much does it cost the American consumer for an average middle of the road car per mile? That number with maintenance and insurance and repairs cost about $0.60 a mile.

Tesla doesn’t let you buyout the vehicle at the end of the lease. Last I knew anyway, they store them for their taxi fleet. Could be wrong, be sure to read those terms and conditions be sure that’s an option. But you’re absolutely right why would you need to purchase a car when you can hail one in less then 10mins and the cost is dirt cheap. I believe 10 cents a mile was said durring & this was all part of the master plan. I imagine a day when Tesla no longer sells cars to the public and just dumps out their own taxi fleet.
Best of luck to you or others in this tho.

 

[3cyberbeast]

Tesla doesn’t let you buyout the vehicle at the end of the lease. Last I knew anyway, they store them for their taxi fleet. Could be wrong, be sure to read those terms and conditions be sure that’s an option. But you’re absolutely right why would you need to purchase a car when you can hail one in less then 10mins and the cost is dirt cheap. I believe 10 cents a mile was said durring & this was all part of the master plan. I imagine a day when Tesla no longer sells cars to the public and just dumps out their own taxi fleet.
Best of luck to you or others in this tho.

Yeah, I totally agree with that. I wouldn’t think they’d want to sell their Taxi technology to anybody else. Elon Musk said he could make $30,000 per vehicle per year with an autonomous driving taxi vehicle. I know that they have already some in San Francisco, Elon Musk said he could make $30,000 per vehicle per year with an autonomous driving vehicle. China has also implemented a large fleet of self driving vehicles.

 

[SCTesla]

At the end of the lease, you would just buy out the vehicles, The Cyber Taxi company would be able to get a loan to finance all Vehicles as it is now a profitable and viable business. Also something to consider if you can get a taxi at $.50 a mile why would you want to own a vehicle? How much does it cost the American consumer for an average middle of the road car per mile? That number with maintenance and insurance and repairs cost about $0.60 a mile.

1. Tesla financing specifically states you cannot use a leased car for rideshare or rental.
2. Tesla doesn't allow buyouts from leases.
3. All of the rest is just guesstimates, obviously, but by the time they get the RT solved and figured out who knows what the cost of the truck, electricity, etc. will be. It's not to the point where I would be buying vehicles with intentions to use as RT.

 

[3cyberbeast]

Yeah, very true. Absolutely they are a lot of assumptions as there is no one model we can follow. Will California allow full autonomous vehicles to be driving all around their state? There are so many regulations here that make simple issues that can be resolved, impossible!