Musk’s Robo-Taxis Offer a 78% ROI!
It’s an electric car that drives itself and can be hailed from your phone. Can you think of anything more 2019? Renault is joining Tesla at the forefront of the automotive world, but for investors, the cars themselves may prove better investments than the shares!
Just outside Paris on the campus of Université Paris-Saclay, a top-secret test center is nursing Renault’s new ZOE Cab! The autonomous vehicle is tasked with intelligently driving 100 people’s routes, picking them up and dropping them off on the way as quickly as possible. Safety is everything, though! We don’t need plucky hatchbacks kamikaze-ing through our inner cities! A human driver brings a human element that’s hard to replace, so that’s entirely the focus of the ZEO Cab’s trials.
“But Tesla got there first!” Yes, but no. Renault has hinted at a 10:00 am to 06:00 pm rota for the ZOE Cab, and there’s no mention of the masses being able to buy them. Instead, City transport bodies are likely to take an interest. Tesla’s robo-taxi, on the other hand, relies on consumers sensing the opportunity to lease them out for passive side-hustle missions. It’s not the Tesla robo-taxi versus the Renault ZOE Cab. It’s authority-ownership versus the gig economy.
In this low-yield environment, Musk’s promises sound very juicy for an investment in his robo-taxis! The car costs “less than $38,000,” and the income from letting it roam free to autonomously taxi people would be “something in the order of $30,000 per year.” Forget stocks, get in early with a fleet of Tesla robo-taxis and monopolize your city’s transport network! Ker-ching!
Musk’s claims have to be too good to be true, at-least for Renault to succeed. The question of which cars will replace cabbies in different cities will only get more exciting as these two vehicles near release… Stay tuned!