Based on 2024 pricing, Tesla could launch a robotaxi service offering $5 for a base ride and $1.00 for a reservation, and $0.7-$1.50 per mile ($1.10 on average). If this generated 10,000 trips with a mean length of 6 miles per trip, it could appear to be this:
60,000 miles for $60,000 for the bottom fare and reservations and $66,000 for the mileage fee, for a complete of $126,000.
Cleaning, depreciation and maintenance costs for the vehicle can be roughly $20,000.
This would mean a profit of over $100,000.
Waymo prices 2024
Waymo’s pricing model in San Francisco is as follows: Price = $9.52 + $1.66 per mile + $0.30 per minute
In Los Angeles, the model is: Price = $5.37 + $2.50 per mile + $0.32 per minute
These rates suggest Waymo’s per-mile fares range from $1.66 to $2.50, depending on the town.
Uber prices
Uber prices are more variable and complex, but we will provide some estimates:
The average cost of an Uber ride ranges from $1 to $2 per mile
Rates may vary in individual markets:
Los Angeles: $0.87 per mile
Dallas: $0.70 per mile
Phoenix: $0.71 per mile
New York: $1.10 per mile
Please note that these rates rely on various aspects:
Basic fare and booking fees
Time of day and demand (price increase)
Service type (UberX, Uber Black, etc.)
Local regulations and fees
For example, an UberX ride may need a base fee of $5, a value per mile of $1.90, a value per minute of $0.60, and a booking fee of $2.55.
The costs of cleansing and maintaining Teslas used for ride-hailing services like Turo and Uber in 2024 may vary, but here’s a breakdown of the important thing expenses:
Cleaning costs
– Turo hosts often spend around $15-20 on cleansing for basic laundry and interior cleansing.
– Some Turo hosts use car covers between rentals to maintain vehicles clean and reduce the frequency of washing.
– Uber drivers report spending around $50-$100 a month on car washes and interior cleansing.
– Turo may charge guests a $150 cleansing violation fee for leaving their vehicle excessively dirty.
Maintenance costs
Regular maintenance
– Tesla maintenance is mostly low in comparison with gas-powered vehicles, with some owners reporting minimal costs over several years.
– Tesla’s annual maintenance costs are estimated at $300-$500 for basic services.
– Tire replacements cost roughly $50 and are obligatory every 6,250 miles.
Major repairs
– Although rare, major repairs may be expensive. One Turo host reported a $6,000 out-of-warranty suspension repair.
– Replacing brake pads and rotors can cost around $400 every 2-3 years.
Tires
– Tires are a big expense, costing $800-$1,000 per set and requiring alternative every 30,000-40,000 miles for high-mileage drivers
– Some Uber drivers report spending as much as $4,000 a yr on tires for his or her Teslas
Total annual costs
– One Uber driver estimated his annual Tesla maintenance and cleansing costs at around $25,600 per 80,000 miles driven
– Other estimates suggest Tesla’s maintenance costs could range from $500 to $1,000 per yr for rideshare drivers
Additional notes
– Depreciation is a big hidden cost, estimated at $13,158 over 5 years for the Tesla Model 3
– Some drivers consider the potential costs of replacing the battery, although this is often not needed throughout the first 5-8 years.
Please note that costs can vary significantly depending on aspects similar to driving style, local conditions and individual vehicle condition. While Teslas generally have lower maintenance costs than traditional vehicles, the initial purchase price and the opportunity of costly repairs have to be taken under consideration when using them for ride-sharing services.
Market size evaluation at different prices per mile
Brian Wang is a futuristic thought leader and popular science blogger with a million readers per month. His blog Nextbigfuture.com is ranked primary within the Science News Blog rating. It covers many disruptive technologies and trends, including space, robotics, artificial intelligence, medicine, anti-aging biotechnology and nanotechnology.
Known for identifying cutting-edge technologies, he’s currently a co-founder of a startup and fundraiser for high-potential, early-stage corporations. He is the Head of the Allocation Research Department for investments in deep technologies and an Angel Investor at Space Angels.
A frequent corporate speaker, he has been a TEDx speaker, a Singularity University speaker, and a guest on quite a few radio and podcast interviews. He is open to public speaking and giving advice.
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