Tesla profits drop 71%

[mrbigstuff]

ztirffritz wrote:
If robotaxis do become viable then the entire auto industry will collapse. It will be cheaper to hail a cab than to drive yourself anywhere.

Only in urban areas. The whole point of a taxi system is that one can call a cab and they are there within 10 minutes or less. This system works well in highly dense population areas but not in the suburbs and exurbs and rural areas, which is how it should be (or the number of vehicles on the road would be substantial). The only exception may be slightly more availability for seniors and those who can't drive for some reason.