Robotaxi, in brief.
Driverless rides that aim to cost less than Uber. Live in Texas and Florida, still small.
Tesla thinks a car with no driver can charge less than Uber and still make money on every mile. The service is live in seven U.S. metros, but Tesla has not published a current fleet count.
In that Bay Area sample Tesla charged less than half of Uber, Lyft, and Waymo. The fleet is still small, and the profit on each ride is not broken out in filings.
Cost per mile is what it costs to run the car one mile, including the car, power, and upkeep. If that number falls far enough, Tesla can charge less than Uber and still keep a profit. The driver is the single largest cost in ride-hailing, so removing the driver is the whole trick.
Fares from Obi (Jan 2026). Operating figures from Tesla's Q2 2026 update.
The snapshot above is the free preview. The full seven-page brief continues below.
Read all seven pages
Page one is free. The next six go deeper: what it is, how the money works (with sourced data charts), the bull and bear cases, what to watch, and the bottom line.
- 2App-summoned rides with no person behind the wheelWhat it is
- 3The whole case is cost per mile, plus a monthly feeHow the money works
- 4The price edge is already in the ride dataThe bull case
- 5A small service, uneven rules, and hidden profitThe bear case
- 6A simple scoreboardWhat to watch
- 7A real price edge, and a business you cannot yet auditThe bottom line
- TeslaThe whole company
- SpaceXLaunch plus Starlink, now public
- NeuralinkThe neural-data thesis
- MACROHARDThe all-software AI play
- Tesla EnergyPowerwall, Megapack, Autobidder
- OptimusThe humanoid-robot option
- RobotaxiYou are reading this one
All seven briefs for $79, a saving of $40 versus $17 each.
One-time payment. No subscription and no recurring charge. Secure checkout by Stripe. Access stays on this device. Educational brief, not investment advice.
This is an educational brief, not investment advice and not a recommendation to buy or sell any security. Figures trace to primary filings, official statements, and Grokipedia; privately held valuations are labeled as reported or estimated.
Related: All Explainers · State of Elon · Net Worth Tracker · Glossary · FAQ · Search