Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk sees the Cybercab dominating the ride-hailing sector in markets where Robotaxis can operate commercially as the EV giant’s Robotaxi efforts gather steam.
Elon Musk Predicts Cybercab’s Dominance
On Tuesday, the billionaire responded to a thread on the social media platform X that began when user Carl Hancock questioned Tesla’s logic in transitioning to an autonomous vehicle company despite the top ride-hailing companies in the global market comprising 16 million human drivers, questioning how Tesla would compete.
“Cybercab will do a majority of all passenger miles in any jurisdiction where it is not prohibited by law,” Musk said in his response. “Obvious to anyone with eyes and a brain,” he added.
Musk’s response came after Anduril Industries co-founder Palmer Luckey also chimed in with his take, saying that Tesla could stand to capitalize on the $150+ billion revenue of the sector once people subtracted “the cost of paying 16,000,000 drivers.”
People Will Not Like $10 Trillion
In a separate post, Musk responded to user @stevenmarkryan on Tuesday, who shared a video that questioned Musk’s fortune, which the billionaire has said is tied to his stake in Tesla and Space Exploration Technologies Corp. (NASDAQ:SPCX).
“Well, if they didn’t like $1T, they’re REALLY gonna hate $10T 😂,” Musk said in his response, implying that his net worth could reach $10 trillion in the future.
According to data collected by the International Monetary Fund (IMF), the world’s gross domestic product, or GDP, was roughly $128 trillion.
At $10 trillion, Musk’s net worth would far exceed the GDPs of several countries in the world, as shown by the IMF data, including Japan ($4.34 trillion), the U.K. ($4.27 trillion), Germany ($5.47 trillion), Mexico ($2.18 trillion), India ($4.06 trillion), Brazil ($2.65 trillion) and more.
Notably, the U.S. ($32.64 trillion) and China ($21.55 trillion) would be the only countries whose current GDP would exceed Musk’s $10 trillion goal.
Price Action: TSLA shares were up 1.75% to $386.44 during pre-market trading on Wednesday.
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