Tesla is taking on Uber and Lyft in a big way with its plans to roll out an autonomous ride-hailing fleet.
revealed the company's plans to compete with incumbents like Uber and Lyft by using an autonomous ride-sharing fleet, which will be made up of what Musk described as robotaxis.Robotaxis can be essentially any Tesla vehicle with autonomous driving functionality.Robotaxi's will be significantly cheaper for riders than what Uber and Lyft cost today, Musk said, and will offer Tesla owners the opportunity of making upwards of $30,000 per year.
On Monday, CEO Elon Musk revealed the company's plans to compete with incumbents like Uber and Lyft with the company's strategy for an autonomous ride-sharing fleet. Riders will be able to summon a robotaxi via the same Tesla app — similarly to how they call for an Uber or Lyft today. The key difference, of course, is that there won't be a driver in the car.
Musk also predicts rides via robotaxis will cost significantly less. The average cost for a ride-share today is around $2-$3 per mile, he said, whereas Tesla's program will likely come out to be less than $0.18.
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