🎯See how you stack up to your cities average with Solo: therideshareguy.com/go/worksolo 📺 Watch the FULL show here: th-cam.com/users/livekMgMg2SPbrg Follow Phil here: www.morningbrew.com/ www.youtube.com/@morning-brew www.youtube.com/@Maxinomics What Happens When Uber Doesn’t Have to Pay Drivers? th-cam.com/video/1zmcSL_CsU0/w-d-xo.html
With the insane amounts of money uber in particular keeps for “insurance” and as impossible as it is to actually have them pay for an accident with a customer, there is no reason in hell why they can’t underwrite their own insurance policies.
The math isn't mathing lol. A driver is not paid $2.20 per mile as he says in his initial video. A Jaguar i-pace new is $90,000 after tax, The retrofit and all the equipment costs a little over $200,000. So let's say the total cost of a waymo is $300,000. The national transportation safety board says that the average vehicle goes to the junkyard at 140,000, miles. But let's say this electric vehicle will hit 200,000 miles, upto half of those miles will be deadhead, going to and from the station to charge, between rides etc. So you have 100,000 miles not to only cover the initial cost of the vehicle but also, maintenance, tires , brakes charges, insurance etc. You could add another $50,000 easily in the operating cost of a $300,000 vehicle. So let's say a waymo cost. $350,000, initial cost and operation. You have 100,000 miles to recoup that money. NOT going to happen. No chance of a profit. Even if the car were dropped to $200,000, I don't know how you can make the math work. I've been driving for 11 years, 17,000+ rides I would say I'm pretty familiar with the math.
It will be funny to watch their profits plummet when they aren't able to con contractors into shouldering the biggest expense of all the vehicle and the maintenance of said vehicle. Plus not on my worst day would entrust my life to a AI driven car that could be possibly hacked and made to dangerous things.
@buddahfist06 A difference of $50,000 isn't going to make this a winning solution. They need to make a purpose-built vehicle not retrofit an existing vehicle. The issue is safety, dictates manufacturing costs and necessities. There will be limits.
You are part of the problem if you accepted the $90 last year. I'm also in Chicago I wouldn't even take the trip for $200 today. It's a 4 or 5 hour trip both ways unless you want drive all the way back on your own dime. No Thanks!
❤❤❤❤❤These CEO'S are not factoring in "all of the cost" of operating these vehicles. These cars will get recycled in San Diego, California! Our homeless population has skills in my market. Passengers will try to get free rides. These vehicles will be used to conduct criminal activities! They will be used as mobile motels! Investors will lose money 💰💰💰! Insurance premiums will skyrocket after these cars are disassembled, stolen and cashed in just like the bicycles and scooters!
Over saturation is hard to measure. In my large city we have a lot of drivers, however we cannot keep up with all the calls. Example we have 160 riders an hour at the airport with 67 drivers in the queue
8:10 complete bullshit self driving vehicles will not turn a profit. Here are some things to consider. How long will the Autonomous vehicle wait at the pick up for Tardy customers? How will it find the customer when the GPS routes it to the wrong pick up location Or a location that isn't on the map yet? What happens when a drunk rider pukes all over the back seat? What if it gets hit by another auto? What if it hits a person? What if someone tries to vandalize or steal it? What if someone hacks it and makes it drive into something or off a bridge? What if the customer smokes in it? What if the customer passes out and won't wake up at the drop off. What if someone pisses in it? No one in their right mind would subcontract their own vehicle to be remotely abused so Uber would have to for the first time in it's existence shoulder the biggest expense of the Taxi business the car itself. In my market on a good day I might average 3-4 trips an hour usually I get about two trips per hour. So lets say the AV is doing 3 trips an hour with 18 hours active per day (which is being generous considering the number of deadhead miles per trip) and other delays + recharging time and down time for any other maintenance the vehicle will need through the year it would only bring in about 197k/ Which is less than one of the vehicles would cost upfront. The vehicle would probably need to be replaced every year since it would rack up more than 300k miles annually will have probably have to have 3 sets of tires and 3 sets of brakes and a new battery which for those EV's can be north of 10k closer to 20k. And all this just so Uber can keep the $5 they pay a driver on a $12 trip. If that's the route they want to go all the power to them. Then they will be finally learn the true costs their exploited drivers have been shouldering for years. For customers these will be worse than riding the subway in New York and any rundown city bus. They will smell awful. They will not be well maintained. Customers will not be feeling as though they are getting value for their $$$ and drop the platform like a bad habit.
All very valid points. These cars will be a maintenance headache and most likely be empty plastic shells that can be hosed out when people puke, piss, etc etc in them every night. Not a very comforting or inviting way to get a ride to a night out on a date, etc. So riders are paying good money to ride in a disgusting plastic car seat while the floor is covered with garbage.
If they are only going to give good trips To the people who have higher ratings, That's crap because My 5.00 And I get nothing but Low Dollar amount trips.
IT systems and system maintenance cost. What happens when the system crashes? The cost of drivers, driving their own vehicles will now convert to cost to keep the vehicles up etc.......... . Then there is asset taxes in many communities.
Waymo isn't the threat. Over the last 6 years or so, Waymo have released in a handful of cities. Their full self driving strategy is inherently unscalable with detailed mapping needed as well as localised but centralised support services. The real threat is Tesla which have a generic full self driving solution and will literally overnight, with a software update, replace Uber, Lyft and Taxis. The car owners will be responsible for maintenance and support so that service is built-in and distributed. How long it will take Tesla to be ready is another question and it may not be for a few years but its pretty much guaranteed to happen.
@@snow-uq4gx Regulations might slow it but it will only delay the inevitable. At some point the full self driving cars will be demonstrably, statistically safer than human driven cars and it would be irresponsible for anyone to keep them from the roads.
Ok, lets see..... I have my beautiful made in the USA Tesla that I payed 50k for and I want to make a little extra money when Im not using it, which is why I pay the extra yearly charge for full self driving Taxi Update. Now Im Tesla Pimpin. SO I put it on AutoTaxi and let it off into the streets to go "make some dollars" while I sleep. I wake up in the morning to go to work in my beautiful Tesla and find that during the night my little street walking Tesla has a pile of puke in the back seat, smells like weed and ass, and someone has taken a hammer to the nav screen. I think Tesla Taxi service will reimburse me for the damage, so I call Tesla support..... HAHAHAHAH. Tesla Response: "Mr Musk said 'Go F yourself".
They need to charge the rider more and tips should be mandatory, just 15 years ago cabs we’re charging triple the price and collecting tips and they should up 1 hour later to pick up rider , and today riders get picked up on average 15 min or less and pay less and hardly tip , look at this issue
There are huge potential profits to be made by privatizing transportation. Or any other market. Pretty much all these companies in vision a world here you souly rely on them for all your transportation needs. Drivers don't need to be concerned consumers do.
The insurance is not going to be cheaper whether it's a human driving or software. It might be more money because it's not driven by a human because there's the uncertainty of risk and we have data of how many accidents, bodily injury, and deaths occurred while operating a software driven vehicle. As technology progresses there's no way in hell the commercial auto will decrease especially in California. You would need to push Newsom out of office to significantly change operating costs in this state.
If I were a professional on a busniess trip, I wouldnt do "business" in an autonomous car. Those things will be wired up and listening to everything the passenger says, and sending it to who knows where. I know Uber drivers all have cameras, but we have little information about the passengers.
Be Concerned About Waymo taking profitable rides! In SF I can notice a fall off in rides after the dinner crowd is over. These waymo cars don’t get tired you can’t reason with them they will not stop until they take all the surging away because people will just use waymo when there are less humans to drive! Stop this insanity AI is coming for our bread and butter and will give us crumbs!
Why is technology so focused on replacing human interaction? Isn’t it more comforting to have a driver who can offer a kind word when you’re struggling? If you were to collapse from a medical issue, could a robot car even respond in time?
If ultimately the consumers of rideshare - the riders and the drivers - cannot be treated fairly by our corporate co-conspirators and their relentless black-holing of all support for their customers --- then so too will the automaton experiment be given the same consideration by the consumers, as well the equivalent inescapable finality of our customer support in return...
What the ride share companies aren’t counting on is me and an army or disgruntle drivers. Do they think we won’t retaliate, just wait Uber pay back is a B !
What an idiot techboy put on 2.20 goes to driver and car 1 goes to uber.Duckh3ad basically.toomuch time on laptop makes you an idiot nothing less nothing more!........
🎯See how you stack up to your cities average with Solo: therideshareguy.com/go/worksolo
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What Happens When Uber Doesn’t Have to Pay Drivers? th-cam.com/video/1zmcSL_CsU0/w-d-xo.html
Even if Uber got bots to do rides, they would still look for ways to reduce driver pay.
With the insane amounts of money uber in particular keeps for “insurance” and as impossible as it is to actually have them pay for an accident with a customer, there is no reason in hell why they can’t underwrite their own insurance policies.
They offered nothing of pay to me today other than offers that would cost me money. They are already trying.
You know your worth!!!
The math isn't mathing lol. A driver is not paid $2.20 per mile as he says in his initial video. A Jaguar i-pace new is $90,000 after tax, The retrofit and all the equipment costs a little over $200,000. So let's say the total cost of a waymo is $300,000. The national transportation safety board says that the average vehicle goes to the junkyard at 140,000, miles. But let's say this electric vehicle will hit 200,000 miles, upto half of those miles will be deadhead, going to and from the station to charge, between rides etc. So you have 100,000 miles not to only cover the initial cost of the vehicle but also, maintenance, tires , brakes charges, insurance etc. You could add another $50,000 easily in the operating cost of a $300,000 vehicle. So let's say a waymo cost. $350,000, initial cost and operation. You have 100,000 miles to recoup that money. NOT going to happen. No chance of a profit. Even if the car were dropped to $200,000, I don't know how you can make the math work. I've been driving for 11 years, 17,000+ rides I would say I'm pretty familiar with the math.
It will be funny to watch their profits plummet when they aren't able to con contractors into shouldering the biggest expense of all the vehicle and the maintenance of said vehicle.
Plus not on my worst day would entrust my life to a AI driven car that could be possibly hacked and made to dangerous things.
I think they might know how to con most... ??
They will go to cheaper model cars.
@buddahfist06 A difference of $50,000 isn't going to make this a winning solution. They need to make a purpose-built vehicle not retrofit an existing vehicle. The issue is safety, dictates manufacturing costs and necessities. There will be limits.
Its only for show and bragging rights. Just like sports cars the manufacturers dont make money off them.
99% of passengers don’t want anything to do with being in a driverless car
3 years ago I got paid $90 to take people from O'Hare to Milwaukee. Today I got offered 60$ for the same trip. Nuff said.
You are part of the problem if you accepted the $90 last year. I'm also in Chicago I wouldn't even take the trip for $200 today. It's a 4 or 5 hour trip both ways unless you want drive all the way back on your own dime. No Thanks!
❤❤❤❤❤These CEO'S are not factoring in "all of the cost" of operating these vehicles. These cars will get recycled in San Diego, California! Our homeless population has skills in my market. Passengers will try to get free rides. These vehicles will be used to conduct criminal activities! They will be used as mobile motels! Investors will lose money 💰💰💰! Insurance premiums will skyrocket after these cars are disassembled, stolen and cashed in just like the bicycles and scooters!
Exactly, like those stupid scooters! 😂
Over saturation is hard to measure. In my large city we have a lot of drivers, however we cannot keep up with all the calls. Example we have 160 riders an hour at the airport with 67 drivers in the queue
Driver rating to Uber is 75% accept and cancel, they don't care about the 5 scale rating.
8:10 complete bullshit self driving vehicles will not turn a profit. Here are some things to consider.
How long will the Autonomous vehicle wait at the pick up for Tardy customers?
How will it find the customer when the GPS routes it to the wrong pick up location Or a location that isn't on the map yet?
What happens when a drunk rider pukes all over the back seat?
What if it gets hit by another auto?
What if it hits a person?
What if someone tries to vandalize or steal it?
What if someone hacks it and makes it drive into something or off a bridge?
What if the customer smokes in it?
What if the customer passes out and won't wake up at the drop off.
What if someone pisses in it?
No one in their right mind would subcontract their own vehicle to be remotely abused so Uber would have to for the first time in it's existence shoulder the biggest expense of the Taxi business the car itself. In my market on a good day I might average 3-4 trips an hour usually I get about two trips per hour. So lets say the AV is doing 3 trips an hour with 18 hours active per day (which is being generous considering the number of deadhead miles per trip) and other delays + recharging time and down time for any other maintenance the vehicle will need through the year it would only bring in about 197k/ Which is less than one of the vehicles would cost upfront. The vehicle would probably need to be replaced every year since it would rack up more than 300k miles annually will have probably have to have 3 sets of tires and 3 sets of brakes and a new battery which for those EV's can be north of 10k closer to 20k. And all this just so Uber can keep the $5 they pay a driver on a $12 trip. If that's the route they want to go all the power to them. Then they will be finally learn the true costs their exploited drivers have been shouldering for years.
For customers these will be worse than riding the subway in New York and any rundown city bus. They will smell awful. They will not be well maintained. Customers will not be feeling as though they are getting value for their $$$ and drop the platform like a bad habit.
@chriscampbell2670 Are you ok? Its going to be ok.
All very valid points. These cars will be a maintenance headache and most likely be empty plastic shells that can be hosed out when people puke, piss, etc etc in them every night. Not a very comforting or inviting way to get a ride to a night out on a date, etc. So riders are paying good money to ride in a disgusting plastic car seat while the floor is covered with garbage.
@chris VERY GOOD POINTS!!!
If they are only going to give good trips To the people who have higher ratings, That's crap because My 5.00 And I get nothing but Low Dollar amount trips.
Dont feel left out. All the trips are Low Dollar trips.
All rides is low pay nothing have to do with higher ratings ...only option you wait as cherry pick or fall into their game
IT systems and system maintenance cost. What happens when the system crashes? The cost of drivers, driving their own vehicles will now convert to cost to keep the vehicles up etc.......... . Then there is asset taxes in many communities.
I’m from the sixties! Don’t care what you or anyone else has to say. These cars will be dealt with.
Waymo isn't the threat. Over the last 6 years or so, Waymo have released in a handful of cities. Their full self driving strategy is inherently unscalable with detailed mapping needed as well as localised but centralised support services. The real threat is Tesla which have a generic full self driving solution and will literally overnight, with a software update, replace Uber, Lyft and Taxis. The car owners will be responsible for maintenance and support so that service is built-in and distributed. How long it will take Tesla to be ready is another question and it may not be for a few years but its pretty much guaranteed to happen.
Who can stop this is each mayor in its own city
@@snow-uq4gx Regulations might slow it but it will only delay the inevitable. At some point the full self driving cars will be demonstrably, statistically safer than human driven cars and it would be irresponsible for anyone to keep them from the roads.
@@snow-uq4gxembrace disruption, don’t be a Luddite.
Ok, lets see..... I have my beautiful made in the USA Tesla that I payed 50k for and I want to make a little extra money when Im not using it, which is why I pay the extra yearly charge for full self driving Taxi Update. Now Im Tesla Pimpin. SO I put it on AutoTaxi and let it off into the streets to go "make some dollars" while I sleep. I wake up in the morning to go to work in my beautiful Tesla and find that during the night my little street walking Tesla has a pile of puke in the back seat, smells like weed and ass, and someone has taken a hammer to the nav screen. I think Tesla Taxi service will reimburse me for the damage, so I call Tesla support..... HAHAHAHAH. Tesla Response: "Mr Musk said 'Go F yourself".
@@medhurstt what will be irresponsible is 60-70% of jobs vanish because tecnonlogy can.. then what capatalism doesn't exist 💩💩
They need to charge the rider more and tips should be mandatory, just 15 years ago cabs we’re charging triple the price and collecting tips and they should up 1 hour later to pick up rider , and today riders get picked up on average 15 min or less and pay less and hardly tip , look at this issue
Techboy must invest heavily on uber shares.hahaha God bless his cotton socks and lovely glasses.
There are huge potential profits to be made by privatizing transportation. Or any other market. Pretty much all these companies in vision a world here you souly rely on them for all your transportation needs. Drivers don't need to be concerned consumers do.
The insurance is not going to be cheaper whether it's a human driving or software. It might be more money because it's not driven by a human because there's the uncertainty of risk and we have data of how many accidents, bodily injury, and deaths occurred while operating a software driven vehicle. As technology progresses there's no way in hell the commercial auto will decrease especially in California. You would need to push Newsom out of office to significantly change operating costs in this state.
The niche of this is for professionals that are on business trips in the city,so they can still be doing business l,while in an autonomous vehicle
If I were a professional on a busniess trip, I wouldnt do "business" in an autonomous car. Those things will be wired up and listening to everything the passenger says, and sending it to who knows where. I know Uber drivers all have cameras, but we have little information about the passengers.
Uber needs Waymo, but Waymo doesn't need Uber
Be Concerned About Waymo taking profitable rides! In SF I can notice a fall off in rides after the dinner crowd is over. These waymo cars don’t get tired you can’t reason with them they will not stop until they take all the surging away because people will just use waymo when there are less humans to drive! Stop this insanity AI is coming for our bread and butter and will give us crumbs!
Do you guys know anything about amazon flex
Boycott uber drivers unionize quickly
Los angeles have been easy on those cars ,I won't be easy on them. Just a little paint on the windshield and it's done for the day.
They are camera-based. Just keep that in mind. The windshield doesn't factor in with a computer.
@@lleon-cv4ex Noted. i guess we going for the camera then.
Gasoline is still rather cheap! Gallon in my state $3.45. Goes a long way!
Why is technology so focused on replacing human interaction? Isn’t it more comforting to have a driver who can offer a kind word when you’re struggling? If you were to collapse from a medical issue, could a robot car even respond in time?
Profit.
If ultimately the consumers of rideshare - the riders and the drivers - cannot be treated fairly by our corporate co-conspirators and their relentless black-holing of all support for their customers --- then so too will the automaton experiment be given the same consideration by the consumers, as well the equivalent inescapable finality of our customer support in return...
Absolutely not…. I believe they are unsafe and a lot of people agree. They don’t feel safe in it.
Just like Uber drivers Uber too will disappear
That's what I've been saying. It's on its way out.
What the ride share companies aren’t counting on is me and an army or disgruntle drivers. Do they think we won’t retaliate, just wait Uber pay back is a B !
If you don’t own a Tesla by Q3 next year, you will be out of a job by 2026.
F.A.C.T.
What an idiot techboy put on 2.20 goes to driver and car 1 goes to uber.Duckh3ad basically.toomuch time on laptop makes you an idiot nothing less nothing more!........
Yeyeyeyyeyeyeyeyeyyeyeyeyeye
It's coming in 5 years.
25:40 want to talk about oversaturation my market has roughly 400k people in the city but 7.5k Rideshare drivers.