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While companies like Waymo have made strides in the autonomous vehicle landscape, offering a fleet that achieved 150,000 paid trips per week, they face unique challenges. Waymo’s reliance on high-definition maps and expensive sensors adds to their operational costs, failing to present a scalable solution. In contrast, Tesla’s Cyber cab, with its integrated camera systems and induction charging capabilities, presents a lower-cost alternative poised for broader adoption.
Investment firm ARK Invest believes the operating costs for Cyber cabs could be 30 to 40% less than Waymo’s offerings. This significant cost advantage positions Tesla potentially to capture the lion's share of the growing autonomous taxi market.