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Elon Musk Says Tesla Will Have One Million Robo-Taxis On Road By 2020

by : UNILAD on : 23 Apr 2019 11:30
Tesla Charging CEO Elon MuskTesla Charging CEO Elon MuskDAN PELED/AAP/PA Images

Elon Musk is a man who dares to dream, he dreams of a future where all there is left to do is dream because the robots will do everything else.

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The former chairman and CEO of Tesla has revealed some of the company’s ambitious plans for the next 12 months, and the company is gunning for a share of Uber, Lyft, and pretty much every taxi firm’s business.

So what is next for the eco-friendly transport manufacturer – robo-taxis, that’s what.

As reported by Business Insider, Musk revealed the company wants a susbtantial number of autonomous taxis on the road by 2020.

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Musk said:

Next year for sure, we will have over 1 million robo-taxis on the road.

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The autonomous taxis will operate on the Tesla Network, which will serve as a ride-hailing app.

A major appeal the plans carry will be in their ability to reduce ride fares while turning a profit for Tesla owners who can turn their car into a robo-taxi by signing up to the Tesla Network.

Musk estimates fares could be as low as $0.18 a mile, while owners could bank $30,000 worth of profits per year, rising to hundreds of thousands across the vehicle’s lifespan – an attractive proposition, I’m sure you’ll agree.

Musk continued:

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The fundamental message that consumers should be taking today is that it is financially insane to buy anything other than a Tesla.

It will be like owning a horse in three years. I mean, fine if you want to own a horse. But you should go into it with that expectation.

The robo-taxi fleet will likely face many hurdles before it is operational on a national scale in the US, with various regulations to overcome, but Musk is nothing if not confident the company will deliver the future of ride-hailing.

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Topics: Technology, Elon Musk, taxi, tesla, Uber

Credits

Business Insider
  1. Business Insider

    Tesla is taking direct aim at Uber and Lyft with plans to roll out 1 million robo-taxis by next year