Tesla's newly launched robotaxi service in Austin, featuring 20 Model Y vehicles charging $4.20 per ride, is positioning the company to challenge Uber as it leverages its autonomous technology. Amidst slowing electric vehicle sales, this move is perceived as a strategic effort to rejuvenate growth. Notable investment figures, like Cathie Wood, predict that by 2029, autonomous ride-hailing could constitute 90% of Tesla's value. Furthermore, Tesla's operational cost advantages, stemming from its Full Self-Driving technology and scale, may disrupt the ride-hailing landscape, impacting competitors significantly.
"Tesla's Austin pilot, though modest with safety monitors and a geofenced area, showcases its Full Self-Driving (FSD) technology, potentially redefining urban mobility."
"Cathie Wood projected that by 2029, around 90% of Tesla's enterprise value could come from autonomous ride-hailing, indicating a significant tectonic shift in the market."
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