Tesla's Cybercab Reaches Dallas in November, and Nevada Just Cleared 5,000 Robotaxis in Las Vegas. Here's the Number That Makes the Bulls Right.

Tesla (TSLA -0.86%) plans to expand its Cybercab presence in Dallas in November, beyond its initial expanded deployment in Austin.

Meanwhile, Nevada regulators have authorized Tesla to operate up to 5,000 fully autonomous vehicles in the Las Vegas area during its first year under the new permit.

During Tesla's 2024 Cybercab unveiling, Elon Musk projected passenger fares of approximately $0.30 to $0.40 per mile.

At $0.40 per mile, a robotaxi completing 50,000 paid miles annually would generate $20,000 in revenue.

Assuming Tesla achieves its $0.30-per-mile operating cost target, each Cybercab could generate $5,000 in profits (before any additional expenses).