Tesla Robo Taxis

Elon Musk, CEO of Tesla, announced that he expects the company Tesla to operate Robo-taxis soon at Monday’s investor event. Ride-hailing services such as Uber and Lyft would compete with fully self-driving vehicles. When the cars are not in use, then as a way to make money, Musk pitched the robot-taxis idea to Tesla owners.

The Tesla program would allow a Tesla owner to rent their vehicle for rides, with Tesla taking a cut of the income and the rest of the money going to the vehicle owner. “It’s financially insane to buy anything besides a Tesla,” Musk said. “It’ll be like owning a horse in three years.”

Tesla predicted that the Robo-taxis would last 11 years, drive 1 million miles, and make a gross profit of $30,000 per car per year. It’s another aggressive prediction from Musk about Tesla’s technology. Musk also said he expects to convince regulators that self-driving Teslas are sufficiently safer than a human driver by the end of next year.