00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tesla CEO Elon Musk expects the cybercab to dominate the ride-hailing market in
00:08jurisdictions where commercial robo-taxi operations are legal. On Tuesday, Musk said
00:13the cybercab would account for the majority of passenger miles in those markets. His comments
00:18followed a discussion about Tesla competing with ride-hailing companies that collectively employ
00:2316 million drivers. Anderil Industries co-founder Palmer Luckey suggested Tesla could capital
00:29on the sector's more than $150 billion in revenue by eliminating driver costs.
00:35In a separate post, Musk suggested his net worth could eventually reach $10 trillion.
00:41According to International Monetary Fund data, that figure would exceed the current GDP of
00:46several countries, including Japan, Germany, and India. Tesla shares were up 1.75% to $386.44
00:56during pre-market trading on Wednesday. For all things money, visit Benzinga.com.
