$Tesla(TSLA.US) bulls proclaiming that TSLA robotaxis will put $Uber Tech(UBER.US) out of business is as outrageous as their warnings in 2020-2023 that TSLA EVs would put legacy auto out of business, because nobody was as vertically integrated or could build EVs as profitably as TSLA. TSLA bulls’ earlier prediction that legacy manufacturers would go bankrupt turned out to be flat out wrong, just as TSLA bulls’ current prediction that TSLA robotaxi will put UBER out of business will prove flat out wrong.
Lest anyone forget, TSLA still requires a safety driver in every robotaxi it operates. According to the latest FSD community tracker (sorry, the data is all we’ve got), TSLA efficacy is still just 449 miles per critical disengagement - far below Waymo, Baidu, and other autonomous manufacturers who are at 10K-17K miles per critical disengagement. While TSLA bulls proclaim that no one else is close to TSLA in unsupervised autonomy, there are now 5 fully autonomous manufacturers with robotaxi operations already up and running that don’t require a safety driver in their vehicles - Waymo, Baidu, Zoox,
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