In the short to medium term they will keep bleeding cash, but in the long term as they scale, hardware and other costs will go down considerably. They will not

In the short to medium term they will keep bleeding cash, but in the long term as they scale, hardware and other costs will go down considerably. They will not only replace taxis but increase them by some factor, 10x? 100x? Who knows where the limit is when hardware, electricity and cleaning are the only marginal costs. That said I think self-driving ADAS subscriptions for personal vehicles is and will generate most of the profit in this space. By any measure Tesla's FSD is already profitable to the tune of $1+ billion a year, and it's not even widely released yet.