Despite skepticism and past failures in the self-driving industry, Elon Musk remains steadfast in his belief that Tesla's future success hinges on operating robotaxis, confident in significant profits.
Competitors like General Motors with Cruise robotaxis faced financial losses and safety concerns, leading to regulatory investigations and eventual pullback of driverless vehicles.
"It's a supercompetitive business that's barely profitable," says Ross Gerber, emphasizing the challenges and uncertainties in making sustained profits in the autonomous vehicle market.
The potential of Tesla's self-driving taxis to boost profits exponentially, as promised by Elon Musk, remains doubtful amid industry complexities and uncertain market conditions.
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