I suspect it's vaguely near gross profit, that is excluding almost all the expensive engineers, marketing, R&D costs, new silicon development costs, etc. It's n

I suspect it's vaguely near gross profit, that is excluding almost all the expensive engineers, marketing, R&D costs, new silicon development costs, etc. It's not remotely operationally profitable though, you're right. The business model is pretty simple. Robotaxis can operate much cheaper than humans and simultaneously provide a better service. Competing at the same cost as existing services makes them massively profitable. You can unlock additional efficiencies through things like fleet management, not supporting unprofitable cities the way Uber has to, vehicles designed for longer service lives and so on. Most companies plan to use that market (and closely associated ones like food delivery) as a profitable beachhead to scale down the technology to the point where it can be applied more ubiquitously in things like consumer vehicles. Some are more vocal about this than others.