Gerstner estimates robotaxi revenue per car drops from $140K to $100K due to increased supply lowering prices despite more rides.
“When you do that in self driving, we think it goes down to about a 100,000. Why? Well, you have actually more rides in the self driven car.”
Gerstner says Tesla robotaxi needs fastest pickup and lowest price in Austin June launch or no market exists.
“But to your point, Josh, if they don't have speed of pickup in Austin when they launch in June and if they don't have the lowest price, then there is no market for them.”
Gerstner believes robotaxis pose a fundamental risk to Uber's business model.
“I I I think this does pose a risk fundamentally to the Uber business model.”
Gerstner declares robotaxi services will come from Waymo, Tesla, and Chinese companies partnering with Uber.
“I'm absolutely convinced Robotaxia is coming. It's coming from Waymo. It's coming from Tesla, and it's coming from others around the world and many in China that Uber is partnering with around the world.”