Tesla IncGary Black argues Tesla's robotaxi costs would be prohibitive with human safety drivers, making it unable to compete with Waymo, Baidu, and Zoox that operate without monitors.
Investor Gary Black of The Future Fund LLC argued that Tesla's Robotaxi service would face prohibitive operating costs if it required human safety drivers, making it unable to compete with rivals like Waymo, Baidu's Apollo Go, and Zoox that operate without onboard monitors. Black stated that consumers do not view autonomous vehicles as needing safety monitors, and the added expense of paying a hired body in the car would prevent Tesla from gaining market share against Uber and others. His comments came as JPMorgan Chase suggested Tesla's fleet of 84 vehicles in Texas is intentionally small to prioritize software development, while Waymo and Uber reportedly ended their partnership in Phoenix. Tesla is also facing legal and federal scrutiny after a fatal crash in Texas, though Elon Musk and Tesla's AI lead denied the vehicle was on Autopilot at the time.
Tesla IncGary Black argues Tesla's robotaxi costs would be prohibitive with human safety drivers, making it unable to compete with Waymo, Baidu, and Zoox that operate without monitors.
Baidu IncBaidu's Apollo Go is cited as a rival that operates without safety drivers, giving it a cost advantage over Tesla.
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