Elon Musk: Can Robotaxi plan help Tesla owners make $30,000 a year?

Tesla's aggressive (maybe impossible) goal to launch a robotaxi network in 2020 was uncovered by CEO Elon Musk on Monday as the company discussed plans toward a self-driving future.

Under Musk's procedure, the electric car maker will empower owners to include their independent driving-able vehicles to a Tesla ride-sharing application, which he described as a combination of Uber and Airbnb.

“From our standpoint, if you fast forward a year – maybe a year and three months, but next year for sure – we’ll have over a million robotaxis on the road,” Musk told an audience on Monday.

“The fleet wakes up with an over-the-air update; that’s all it takes,” he said.

Without needing any proof, the promise that Tesla owners can make $30,000 every year adding their cars to the Tesla Network sounds extraordinary – particularly as an expanding number of Americans look for side gigs and supplemental income.

On a slightly deeper level, having a more abnormal bounce in the driver's seat of your hey tech car brings up a greater number of issues than Musk or any other individual from Telsa has answered.

Is my vehicle truly prepared to drive itself?

That is yet to be seen.

The CEO is hopeful that Tesla cars out and about today are an over-the-air update far from being completely self-driving capable.

“By the middle of next year, we’ll have over a million Tesla cars on the road with full self-driving hardware, feature complete, at a reliability level that we would consider that no one needs to pay attention,” Musk said.

In any case, up until this point, Tesla has been authoritatively situating its Autopilot system as a greater amount of a propelled driver help highlight that requires the driver's attentiveness.

Motorists can utilize it to help with leaving and making lane changes, yet Telsa still can't seem to demonstrate its autos at Level 4 Autonomy where the vehicle can play out every single driving tasks, while monitoring the driving environment itself, and the driver could, say, take a nap.

The Partners for Automated Vehicle Education industry bunch prompt on Twitter against over-promising on the state of autonomous technology.

Who's liable for accidents?

At any rate to begin, the cars utilized in the armada will be furnished with steering wheels and pedals, so the outsider in the driver's seat may have level of control.

In any case, who's dependable if something happens to the car?

It's unclear.

“The Tesla Network robotaxi plans seemed half-baked, with the company appearing to either not have answers to or not even considered pretty basic question on the pricing, insurance liability, or regulatory and legal requirements,” said Cowen’s analyst Jeffrey Osborne in a note on Tuesday.

In spots where there aren't sufficient shared autos, Tesla would give its very own devoted vehicles, including Model 3, S and X taxis, so obviously the organization would deal with the maintenance on those cars.

Will Tesla's taxi network be tax deductible?

Drivers for ride-hailing companies like Lyft and Uber are self employed contractors, so pretty much any cash spent on the gig turns into a tax-deductible business expense.

Alongside the water, gum and snacks for travelers, any car tech you may pay for is also tax deductible, according to TurboTax.

Tesla didn't say whether this would apply to owners of its currently semi-autonomous cars. Perhaps owners could write off pricey software upgrades. In February, the Palo Alto-based company increased the price of its Autopilot package by $5,000 and added a few new features.

Will robotaxis really be ready next year?

The truth will surface eventually.

Tesla's Uber elective has been in progress for a couple of years. Musk reported the project as a feature of a more extensive "master plan” for the company in 2016.

In any case, that course of events appears to be driven, and Musk has conceded that he is regularly decently condemned for not fulfilling time constraints.

“Only criticism, and it’s a fair one, (is that) sometimes I’m not on time,” Musk said, laughing. “But I get it done, and the Tesla team gets it done.”

Musk likewise recognized that government regulations might be a deterrent to his 2020 timetable. Something like 41 states and the District of Columbia have considered enactment identified with independent vehicles.

In 2018, the House of Representatives passed autonomous vehicle legislation H.R. 3388 to create uniform standards for self-driving cars.