Ed Ludlow

I mean, I think that's incredible if you look at the fact that Waymo launched the service back in 2019.

Right.

So, again, I would focus on the fact that this is like unmatched scale.

They're a vertically integrated player.

They do not have to partner with other auto manufacturers.

This also gives them a cost advantage.

So in the big ideas presentation that we just published, you know, we estimate that they have a 50 percent.

cost advantage over Waymo on the next generation vehicle if you compare it to the cyber cab.

So this is really what matters for Tesla scaling robotaxis that competitors do not have.

On top of that, they have the data advantage.

If you look at Waymo's miles, we estimate they're doing around 400,000 per day.

Tesla gets 17 million miles of FSD data per day that they can use to train the fleet.

So that is something that competitors just do not have in the robotaxis front.

And it's important that scale is important because we think that what will drive robotaxi adoption is a reduction in the price per mile.

So today, human driven ride hail costs over two dollars per mile on average.

We think at scale that could be profitably priced at twenty five cents.

But the reality is there's a lot of headway in between that two dollars and twenty five cents to make profit.

You think it's eventually cheaper than driving your personal car.

Tasha Keeney of ARK, we thank you very much indeed.

And a correction to myself, the safety drivers are in the passenger seat.