Tesla's Robotaxi platform is set to enter New York City, posing a potential challenge to traditional yellow cabs. With limited medallions available, the shift towards autonomous ride-hailing could make cabs obsolete. Entrepreneurs may benefit by investing in a Tesla, which could operate independently and generate significant passive income. Robotaxi's lower operational costs and absence of driver salaries could result in fares much cheaper than current options, further disrupting the existing taxi market and impacting the sustainment of traditional cab services.
Uber and Lyft have already undercut the costs of New York City taxis, but Robotaxi is starting to undercut even those ride-sharing programs in Austin, Texas. In terms of how much cheaper Robotaxi will be than cabs, it is an exponential measurement over time. Robotaxi will not require salaries, benefits, or tips, and the cost of Robotaxi could end up being just a fraction of what the same ride would cost in a cab.
Instead of working tirelessly to pay off the debt from medallions, entrepreneurs could soon just buy a Tesla and have it work autonomously in New York City. Tesla executives have mentioned figures as high as $50,000 per year in terms of passive income from Robotaxi operation.
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