Jun. 22 at 12:16 PM
$TSLA If tesla charges 50% price of uber as planned, that is the equivalent of ubers profit, cutting drivers out of their 50% of profit.
tesla priced in the market cap of uber (150B) with 12 million taxi's in service at peak by 7 x (times)
ROBOTAXI'S WILL MAKE THE same PROFIT TO SCALE as Uber, think about it.
tesla has curretly priced in 84 million taxi's. overpriced, obviously, global market peaks around 24 million.
there is no upside for taxi's only downside.
telsa will not 100% ubers market, uber and others are working in robo taxi's, competition is ramping up as well. 10 years of hype for robo taxi's had priced in exponentially too much.
The market cap for it will be absolutely dismal when reality hits
