[Applause] Welcome, welcome to the Wii robot party. So, we have quite a show for you tonight. I think you're going to like it. As you can see, I just arrived in the robo taxi, the Cyber cab, and there's 20 more where that came from. So, they've been traveling. They're all... there's no people in them, as you can see. The cars just going by with no [Music] people. And we have 50 fully autonomous cars here tonight. U. So, you'll see model-wise and the Cyber cab. All driverless. You'll be able to take a ride in the Cyber cap. There's no steering wheel or [Music] pedals. So, I hope this goes well. We'll find [Music] [Applause] out. So, you see a lot of sci-fi movies where the future is dark and dismal, where it's not a future you want to be in. So, you know, like, I love Blade Runner.

but uh I don't know if we want that future. I think we want that uh that duster he's wearing, but uh but but not but not the uh The Bleak apocalypse. Uh we want to have a fun, exciting future that if you could look in a crystal bowl and see the future, you'd be like yes, I wish I could be there now. That's what we want. So yeah, so when we think about transport today, there's a lot of kind of pain that we take for granted, that we think is normal, um like having to drive around LA uh in like 3 hours of traffic um yeah. And people that live in LA, I mean you know, try to get from Pasadena to you know El Segundo during rush hour is like you can fly to you know another city faster and you can get to cross town LA. How many hours a week are cars used? Your average passenger car is only used about 10 hours a week out of 168 hours. So the vast majority of the time, cars are just

doing nothing, but if they're autonomous, they could be used, I don't know, five times more, maybe 10 times more. So, you could actually, for the same car, would have five times as much value, maybe 10 times as much value. There's 168 hours in the week, and like I said, only 10 of them are used for driving. And then a bunch of those hours are looking for a parking spot, which can be pretty annoying at times. So, with autonomy, you get your time back. This is a very big deal. So, it's not just a say like it'll save lives, like a lot of lives, and prevent injuries. I think we'll see autonomous cars become 10 times safer than a human. I mean, you think of times past where there used to be an elevator operator in every elevator, but once in a while, they get tired and accidentally sh

somebody in half, uh, you know, so, so now we have automated elevators. You just get in an elevator, and you press a button, and you don't even think about it, and it just takes you to the floor. And if you did see an elevator operator with a big relay switch, you'd be like, That's weird. Um, now that's how cars will be, um, and, and it's not just the lives saved in injuries, but if you look at the, think about the cumulative time that people spend in a car, and the time they will get back that they can now spend, well, I guess on their phones, or, or, or watching a movie, or doing work, or whatever you want to do. Um, you can think of the, the car in an autonomous world as being like just a little lounge. You're just sitting in, in a comfortable little lounge, and you can do whatever you want while you're in this comfortable little lounge, and when you get out, you will be at your destination. So, yeah, it's going to be

awesome so so in fact we we I think the the cost of autonomous transport will be so low that you can think of it like individualized mass transit. Um, the like the average cost of of a bus per mile for a city. Um, not not the ticket price cuz that is subsidized but the average price is about a dollar a mile. Whereas the the cost of uh cyber cab. Uh, we we think probably over time from the operating cost is probably going to be around 20 cents a mile. Um, and price including taxes and and everything else probably ends up being 30 or 40 cents a mile. Can we buy one. So yes and you will be able to buy one. [Applause] [Music] Yes exactly. Um, and uh we we expect the cost to be below $30,000. [Applause]

Watch Elon Musk Reveal the Tesla Robotaxi, CyberCab

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