[apelapan]

The cars are extremely expensive and they have a 100 billion investment to recoup. I assume they are still losing money on each ride.

[xnx]

> The cars are extremely expensive

Compared to what? Most estimates put costs around $150K/vehicle and dropping.

[cucumber3732842]

The $125k difference between that and a "uber quality" used car buys a lot of labor.

[array_key_first]

Yes, labor can be shockingly cheap, especially if it's gig labor. You need A LOT of labor to outrun the capital investment.

[jaimex2]

And this is why Tesla will steamroll them in time. That and their cars are far more adaptable.

[jdlshore]

Only if Tesla is able to roll out a competing service. Given that they have zero cars without a safety driver on public roads, I’d say they’re a very long way from doing so, and I have my doubts about their ability to do so at all. Their CEO talks big but doesn’t deliver.

[bobsomers]

Tesla won't achieve true safe autonomy without a significant change in strategy.

Source: I worked in AV V&V for a decade.

[dzonga]

the people competitive in this space - your Waymo's, the Chinese auto co's (banned in the US), Mercedes | GM (won't do this as it cuts into their main profit lines) - so that will only leave Waymo as the only player in automated ride hailing

Tesla is just making noise as usual.