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In this report we examine the robotaxi business opportunity with a focus on Tesla, covering the current state of FSD technology, unit economics and cost per mile, margin potential, the size of the addressable mobility market, and key considerations around scaling, valuation, and investment recommendations. Image courtesy of Tesla, Inc. Key Messages 1. Tesla started removing human safety monitors from its robotaxi service in Austin. But the self-driving technology is still too

Your car is likely the most "catastrophic misallocation of capital" in your life. It costs tens of thousands of dollars, yet it sits idle 95% of the time. But that’s about to change. In this video, we dive deep into the economics of autonomous vehicles (AVs, Robotaxis) to explain why the era of personal car ownership is entering its terminal phase. From the historical shift of the Ford Model T to the modern-day "Latency Problem," we break down why Waymo and Tesla are betting