Part 5/12:
Tesla’s competition remains intense. John Crafts, a former CEO of Wimo, in an interview, criticized Tesla's supposedly slow progress, claiming that Tesla still lacks a fully operational, revenue-generating autonomous ride service. Conversely, Wimo, which has been operating autonomous taxis for over a million miles a month, faces profitability challenges, with analysts like Brett Vinton suggesting that the business model may not be scalable due to high depreciation costs—around $1 per mile.