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The cars are extremely expensive and they have a 100 billion investment to recoup. I assume they are still losing money on each ride.

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> The cars are extremely expensive

Compared to what? Most estimates put costs around $150K/vehicle and dropping.

The $125k difference between that and a "uber quality" used car buys a lot of labor.

Yes, labor can be shockingly cheap, especially if it's gig labor. You need A LOT of labor to outrun the capital investment.

And this is why Tesla will steamroll them in time. That and their cars are far more adaptable.

Tesla won't achieve true safe autonomy without a significant change in strategy.

Source: I worked in AV V&V for a decade.

the people competitive in this space - your Waymo's, the Chinese auto co's (banned in the US), Mercedes | GM (won't do this as it cuts into their main profit lines) - so that will only leave Waymo as the only player in automated ride hailing

Tesla is just making noise as usual.

Only if Tesla is able to roll out a competing service. Given that they have zero cars without a safety driver on public roads, I’d say they’re a very long way from doing so, and I have my doubts about their ability to do so at all. Their CEO talks big but doesn’t deliver.

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