Elon Musk's Robotaxi Math 'Absurd,' Says Short Seller Jim Chanos, Doubting Tesla Can Hit Sub-20-Cent Cost-Per-Mile

Benzinga

Jim Chanos called Elon Musk’s sub-20-cent-per-mile robotaxi cost target “absurd” on Wednesday, citing missed past timelines. The criticism came after ARK Invest’s Daniel Maguire said Tesla’s data advantage and manufacturing could allow 200,000 Cybercabs to meet Austin’s urban demand and dominate the U.S. market by 2029. Musk predicted 20-cent operating costs and sub-$30,000 pricing at Tesla’s October 2024 “We, Robot” event, with production beginning in 2026, despite a history of delays. Tesla’s second-quarter revenue fell 12% to $22.5 billion. Shares are down 14.6% year-to-date with a $1.01 trillion market cap.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Jim Chanos called Elon Musk's sub-20-cent-per-mile robo-taxi cost target absurd on Wednesday,

00:09citing missed past timelines. The criticism came after ARK Invest's Daniel Maguire said

00:14Tesla's data advantage in manufacturing could allow 200,000 cybercabs to meet Austin's urban

00:20demand and dominate the U.S. market by 2029. Musk predicted 20-cent operating costs and

00:26sub-$30,000 pricing at Tesla's October 2024 Wii Robot event with production beginning in

00:342026, despite a history of delays. Tesla's second quarter revenue fell 12% to $22.5 billion.

00:42Shares are down 14.6% year-to-date with a $1.01 trillion market cap.

00:48For all things money, visit Benzinga.com.

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