<ul data-eligibleForWebStory="false"><li>HSBC analysts caution against believing the hype surrounding the profitability of robotaxis, pointing out overlooked costs like parking and cleaning.</li><li>The analysts predict that it could take 7-8 years after launch for robotaxis to break even on a cash flow basis due to these extra costs.</li><li>Despite bold claims from industry figures like Elon Musk, who expects robotaxis to contribute trillions to Tesla's market cap, HSBC suggests that projections for robotaxi revenues vary from ambitious to unrealistic.</li><li>While companies like Tesla and Waymo are pushing for dominance in the robotaxi market, concerns remain about the actual profitability and scalability of these driverless taxi fleets.</li></ul>

Don't believe the hype around robotaxis, HSBC analysts say

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