Part 6/12:
Tesla is working towards a significant reduction in the cost per mile for autonomous driving, aiming to drop below 20 cents per mile in current dollar terms. Musk also projected that, due to autonomous technology, the total number of vehicles on the road could decrease from the current global fleet of around 2 billion cars and trucks as autonomous ride-hailing and shared vehicles become prevalent.
An interesting point raised was that miles driven may actually increase, since autonomous vehicles will make travel less painful by reducing congestion and traffic hassle. People might prefer to "sleep and drive," leading to a potential surge in miles traveled, but with fewer active, owned vehicles.