It’s not worth 5x! Cars driven commercially like that are worth less money. Take a hybrid Toyota Camry that’s driven as Taxi almost 25 hours a day. Are they

It’s not worth 5x! Cars driven commercially like that are worth less money. Take a hybrid Toyota Camry that’s driven as Taxi almost 25 hours a day. Are they worth more? Do they command a premium? No, they do not. And at the end of they short useful lives their value goes to zero. You could argue that self driving cars don’t need drivers, and so can be driven 24/7 at less cost of labour. Even that eventuates, and we get a world where car ownership is significantly on the decline, it just means they sell less cars. As we’ve seen with most technology commodity products, price tends to be forced downwards. So maybe Elon is right, and a self driving car is worth 5x. But it’s not obvious to me, and I’m wary of people like Elon talking up his own book. He is a proven loser and fantasist, but also a very successful billionaire. :-/