Bank Warns That Robotaxi Companies May Have Overlooked Severe Obstacles to Actually Making Money
Don't Believe the Hype As Elon Musk's Tesla triples down on an autonomous ridehailing service, analysts are ringing the alarm bells, warning that it could take many years for robotaxis to become profitable. As Business Insider reports, analysts at HSBC warn that the market for driverless taxis — if there even is one — is being "widely overestimated." In a note published on Monday, they posited that driverless cabs involve a whole host of "overlooked" costs that could severely cut into already razor-thin margins, including parking, charging, cleaning fees, and human remote operators, who are tasked with taking over when […]
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https://futurism.com/the-byte/bank-robotaxis-money