The Economics of Tesla's Vision

A crucial aspect of Musk's presentation was the economic model underlying these innovations. He envisions a future where individuals can purchase a Robo Taxi for around $20,000 to $30,000 - comparable to the price of a standard new car today. However, unlike traditional vehicles that sit idle for about 90% of the time, Robo Taxis could be put to work when not in use by their owners, potentially earning money by providing rides or running errands for others.

Furthermore, Musk revealed plans to "over-spec" the Robo Taxis with computing power beyond what's necessary for autonomous driving. This excess capacity could be leveraged to offer cloud computing services, similar to Amazon's AWS, during the vehicle's downtime. This innovative approach aims to extract maximum value from each vehicle, turning them into mobile computing platforms when not in use for transportation.