Elon Musk revealed some details about Tesla’s new robotaxi vehicle during the company’s first quarter 2022 earnings call. Because he will fully use Tesla’s self-driving software (FSD), the new vehicle will have no steering wheel or pedals.
“We’re also working on a new vehicle,” Musk added during the most recent earnings call, “that I referred to at the Giga Texas unveiling, which is a dedicated robotaxi that is highly tuned for range, meaning it doesn’t would have [a] steering wheel or pedals.”
He said: “And there are a number of ideas surrounding it that I think are extremely fascinating.” “However, his goal is cost per mile, the lowest cost per kilometer, fully considered, taking everything into account. I think it will be a really effective product, reports Teslarati.
Elon Musk calculated that riding in a Tesla robotaxi car would be less expensive than using a subsidized bus. By 2024, Tesla hopes to have its dedicated robotaxi car in mass production. The new robotaxi vehicle will be unveiled sometime next year, according to the company.
Musk believes the robotaxi fleet will be a major driver of Tesla’s future growth. He is not the only one who thinks so. Ark Invest insiders, including CEO Cathie Wood, had been predicting that Tesla’s robotaxi fleet would increase the company’s value for some time.
Tesla’s robotic taxi fleet, according to Ark, could generate annual revenue of $486 billion by 2026. Tesla’s robotic taxi business, according to the investment management firm, could contribute 60% of the company’s estimated value . If Tesla is successful in launching its robotaxi fleet, Ark estimates that TSLA shares will be worth $4,600 by 2026.
The introduction of the robotaxi fleet will depend on the development of Tesla’s FSD software. Due to the lack of a steering wheel or pedals on the robotaxi car, FSD will need to be fully tuned and capable of driving on most roads when Tesla launches the product.
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