| |
Tesla is recruiting businesses to buy and operate Cybercab robotaxis on its network, repeating a pitch from 2019 that promised owners $30,000 annual profits—a promise that never materialized for previous buyers like Dutch leasing firm MisterGreen, which went bankrupt after Tesla's price cuts decimated vehicle values. The arrangement heavily favors Tesla, which controls the network, software, pricing, and can undercut fleet operators or change terms at will, meaning buyers assume all capital and depreciation costs while Tesla retains the profit margins and platform control.
Read Full Article →
← More Tech news