Elon reveals how much Tesla owners will earn with Robotaxis from next year

May 18, 2023 10:25 By Tesla

~2 min read

Last Updated: Oct 12, 2023 17:07

During a recent interview with CNBC's David Faber, Elon Musk, the visionary CEO of Tesla, shared exciting details about the revenue sharing model for Tesla's revolutionary network robotaxi. Musk's insights have sparked optimism and enthusiasm among supporters as the company moves closer to implementing this groundbreaking concept.

Tesla's unwavering commitment to the development of autonomous vehicles has been evident for years. With the Full Self-Driving (FSD) beta successfully running on over 200,000 cars in North America, and billions of miles covered on FSD beta, Tesla has demonstrated remarkable progress in achieving its robotaxi vision. The release of the single stack version of FSD beta in late 2022, combining city and highway driving capabilities, has further cemented Tesla's leadership in the autonomous driving space.

Since the single stack release, Tesla has been diligently working on refining the FSD beta software, continuously delivering monthly updates and enhancements. This tireless dedication to improvement reflects Tesla's unwavering pursuit of excellence and ensures that Tesla owners have access to cutting-edge autonomous driving technology.

As of May 2023, Tesla owners who have upgraded to the new hardware stack have the incredible opportunity to subscribe to the FSD beta for a mere $200 per month. This subscription grants them exclusive access to the advanced autonomous features of the FSD beta, enabling a transformative driving experience. Alternatively, passionate Tesla enthusiasts can choose to purchase the FSD beta outright for $15,000, becoming pioneers of this groundbreaking technology.

Elon Musk's revelation about the revenue sharing model has sparked curiosity and excitement among Tesla owners and supporters. The proposed split, which could be either 70/30% or 50/50% between the car owner and the company, holds immense potential for individuals to turn their Tesla vehicles into revenue-generating assets. With the possibility of offsetting the cost of ownership and transforming their cars into self-driving robotaxis, Tesla owners have reason to be optimistic about the financial opportunities that lie ahead.

Musk's forward-thinking approach to the revenue sharing model exemplifies his commitment to empowering individuals and fostering a community of Tesla enthusiasts. By actively involving Tesla owners in the success of the company, Musk demonstrates his unwavering belief in the power of collaboration and shared prosperity.

Elon Musk's recent interview has shed light on Tesla's groundbreaking vision for the future of transportation. The company's relentless pursuit of autonomous driving technology and the introduction of the revenue sharing model signify a remarkable step forward. With Tesla owners poised to become active participants in the Tesla network, this optimistic vision could not only reshape the way we travel but also provide a unique opportunity for individuals to contribute to the advancement of autonomous driving technology while reaping financial rewards.

During a recent interview with CNBC’s David Faber, Elon Musk, the CEO of Tesla, shed light on the revenue sharing model for Tesla’s network robotaxi. Musk revealed that the revenue split, which is expected to take effect either by the end of this year or next year, could be between 70/30% or 50/50% for the car owner and the company. However, the final decision on the split has not been made yet, as the full robotaxi release is still a few months away.

Tesla’s Progress with Robotaxi and FSD Beta: Tesla has been making promises about its robotaxi technology for a couple of years now. The company has already deployed the Full Self-Driving (FSD) beta on over 200,000 cars in North America, accumulating billions of miles of autonomous driving. In late 2022, Tesla released a single stack version of FSD beta, combining both city and highway driving capabilities with its v11 software update. Since then, Tesla has been consistently improving the software by introducing monthly updates and fixing any issues that arise.

Accessing FSD Beta and Costs: As of May 2023, any Tesla owner with the new hardware stack can subscribe to the FSD beta for a monthly fee of $200. This subscription provides users with access to the advanced autonomous driving features of the #FSD beta. Alternatively, Tesla owners also have the option to purchase the FSD beta outright for $15,000.

Implications of the Revenue Sharing Model: The revenue sharing model discussed by Elon Musk has significant implications for Tesla owners. Depending on the final decision, car owners could potentially earn either a 70/30% or 50/50% split with the company. This arrangement would allow Tesla owners to generate income by participating in the Tesla network as #robotaxis. While the exact timeline for the implementation of this model remains uncertain, it offers an opportunity for car owners to offset the cost of owning a Tesla and potentially turn their vehicles into autonomous revenue-generating machines.

Conclusion: Elon Musk’s recent interview provided valuable insights into Tesla’s revenue sharing model for its robotaxi network. The split between car owners and the company is yet to be determined, but the concept of enabling Tesla owners to earn income through their vehicles is an exciting prospect. As Tesla continues to refine its FSD beta software and work towards the full release of robotaxi technology, the revenue sharing model could bring financial benefits to Tesla owners while advancing the company’s autonomous driving capabilities.

Source: Elon Musk interview with David Faber of CNBC

During a recent interview with CNBC's David Faber, Elon Musk, the controversial CEO of Tesla, provided some insights into the revenue sharing model for Tesla's network robotaxi. However, skeptics and critics remain skeptical about the viability and fairness of Musk's plans as the company continues to face challenges in delivering on its ambitious promises.

Tesla's prolonged efforts to achieve a fully autonomous driving experience have been met with skepticism by industry experts. While the Full Self-Driving (FSD) beta has been deployed on over 200,000 cars in North America, concerns persist about the system's reliability and safety. Despite Tesla's claims of significant progress, the practical implementation of a fully functional robotaxi network still appears to be a distant reality.

Since the release of the single stack version of FSD beta in late 2022, Tesla has made incremental improvements to the software through monthly updates. However, reports of glitches and inconsistencies have raised doubts about the overall effectiveness and stability of the FSD beta. This ongoing struggle to provide a seamless and reliable autonomous driving experience calls into question Tesla's ability to deliver on its promises.

While Tesla owners with the new hardware stack can now access the FSD beta for a monthly fee of $200 or purchase it outright for $15,000, critics argue that these costs are excessive for a system that is still in the beta stage. Skeptics believe that Tesla is capitalizing on the enthusiasm of its fanbase, enticing them to invest significant amounts of money for a technology that may not live up to its promised capabilities.

Elon Musk's revenue sharing model, which proposes a split of either 70/30% or 50/50% between the car owner and the company, raises concerns among critics. Skeptics argue that this model may lead to an inequitable distribution of profits, with Tesla likely to retain a significant portion of the revenue generated by the robotaxi network. Questions about the transparency and fairness of the revenue sharing process cast doubt on Tesla's intentions and highlight potential pitfalls for Tesla owners who may not see the expected financial benefits.

Elon Musk's optimistic rhetoric about the revenue sharing model and the future of Tesla's robotaxi network fails to address the underlying issues and challenges the company faces. Critics argue that Musk's promises and timelines often fail to align with the reality of technological development. This dissonance between vision and execution further fuels skepticism among those who are skeptical of Musk's track record of delivering on his ambitious claims.

Elon Musk's recent interview, while generating excitement among Tesla enthusiasts, also raises valid concerns about the feasibility and fairness of the revenue sharing model. As Tesla continues to grapple with technical challenges and critics question the company's ability to deliver on its promises, the skepticism surrounding Tesla's robotaxi network lingers, casting a shadow over Musk's grand vision.

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~198.4 Billions

As of: 2024-05-04 08:12

~198.4 Billions

As of: 2024-05-04 08:12