HSBC analysts: Tesla’s robotaxi fleet won’t turn a profit until 2033

A newly published report by analysts at HSBC suggests that the potential market for driverless taxis was “widely overestimated” and warned that it could take years before robotaxi fleets began returning a profit, The idea that robotaxis would be more profitable than their human-driven counterparts was based on a misconception, says Business Insider. Although robotaxi […]

Tesla reveals autonomous ride-hailing service plan

During a first-quarter earnings presentation on Tuesday, Tesla provided glimpses of what “robotaxi” users could expect from their future app designed to summon driverless cars through an intuitive interface, says IoT Tech News. The upcoming ride-hailing service will allow users the ability to conveniently call for a Tesla vehicle, adjust the temperature inside the car, track its […]