Tesla is advancing its Robotaxi platform in New York City, potentially rendering traditional Yellow Cabs obsolete. The introduction of driverless ride-hailing is significant in urban areas where vehicle ownership is low. Limited medallion availability for taxi drivers could lead to entrepreneurs opting for Tesla's autonomous operation, with earnings projections reaching $50,000 annually. The operational costs of Robotaxi will be lower than those of traditional cabs, as there are no wages, benefits, or tipping involved, making rides more cost-effective for consumers.
The limited number of medallions available for taxi drivers in New York City shows that the future is here, and yellow cabs might soon be a thing of the past.
Entrepreneurs could soon just buy a Tesla and have it work autonomously in New York City, generating potential passive income of over $50,000 per year.
Robotaxi is sharply undercutting traditional fares, not only of yellow cabs but also of ride-sharing programs like Uber and Lyft, making it a significant game-changer.
Robotaxi will not require salaries, benefits, or tips, which could reduce costs to a fraction of the same ride in a traditional cab.
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