Tesla CEO Elon Musk pulled up to a stage on the Warner Brothers lot in Burbank, California, last week in a futuristic-looking vehicle that reflects his vision for turning the EV maker into an AI and robotics company. Musk laid out a scenario in which individual owners—or "shepherds," as he called them—would amass their own "flocks" of robotaxis called "Cybercabs," which they'd make money on by offering paid rides to passengers. "I think the cost of autonomous transport will be so low," Musk said, "that you can think of it like individualized mass transit." But Tesla's stock was down following the event, and Musk's presentation generated some skepticism about the plan's technology, timeline, and business model. "This doesn't make a whole lot of sense to me," Edwin Olson, CEO of AV company May Mobility, told Tech Brew of Musk's robotaxi business model. "If you've got autonomous vehicles and they are cash-printing machines, because you can just turn them loose and they make money, then finding equity or investors to finance these vehicles shouldn't be hard. Why do you need individual 'shepherds' going and buying 10 vehicles at a time?" Keep reading here.—JG |
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