evFleet & Robotaxing
Steven Cote
steven paul cote
Elon Musk Tesla SpaceX
elon musk
evFleet & Robotaxing
Version 3.0
Saturday, May 20th
3 pm
Electric Vehicle (EV) Fleet and Robotaxing, Supporting establishing evFleets and supporting ongoing operations, including Robotaxing . Planning on having evFleets and independent and operators of electric vehicle fleets
Subscription
Planning a subscription platform business model. Revenue sharing compensation and payment for products and services.
evStation’s
Participants can have their own EV stations or utilize evStation’s
for charging, inspections and cleaning (interior & exterior) vehicles for transportation. Arrange arrivals, departures and dispatching from evStation’s
evFleet Small Business
The size (number of Vehicles) and scope of the evFleet depends on the objectives of the individual or entity.
Between 1 and 24 vehicles is contemplated per individual or entity to be classified as a small business and supported.
Owning a horse -Elon Musk
“The fundamental message that consumers should be taking today is that it is financially insane to buy anything other than a Tesla,” Musk said. “It will be like owning a horse in three years.
During a recent interview Elon: talked about how the average passenger car is used for just 10 to 12 hours per week, spending most of its time parked at its owner’s home or place of work, which makes the value proposition incredibly inefficient.
By installing autonomous software, those vehicles could spend that idle time out on the road as part of a ride-hailing network, earning money for both the owner and for Tesla. (and others)
Current and Future individuals with one single vehicle can generate income.
Make Passive Income With Tesla’s Robotaxi Network
According to Musk, Tesla owners could expect to earn up to $30,000 per year in extra cash by lending their Teslas out to anyone in need of a ride
Consider having a vehicle fleet of 10 vehicles 30,000 per vehicle generating over a quarter million dollars per year, potentially. Increase the number of vehicles to 20 that potentially generates possibly over half a million dollars a year or more.
Acquisition risk
Minimize the vehicle acquisition risk with floor planning or other innovative vehicle financing. The vehicle is the main collateral. No personal guarantees are planned. New special purpose corporation formed by individuals for increased liability protection, potentially.
Independently managed fleets may qualify under internal revenue Service (IRS) as passive income substantially reducing tax rate potentially. Possibly avoid paying tax on passive income withkeeping assets in tax-deferred accounts like IRAs and 4O1(k) plans. Roth IRA, pay tax upon distribution or never possibly.
Fleet financing collateral is the vehicle not the personal individual possibly.
Robotaxi
Tesla Robotaxi
Musk claims a vehicle without a steering wheel or pedals is under& development.
Planning to support and utilize Tesla Robotaxi and current production electric vehicles for transportation services with and without drivers.
0ne-way driver transportation is planned. Renter/driver uses vehicles to drive-to-destination they desire. Leave the vehicle and others return the vehicle.
Transportation for people and products leveraging artificial intelligence, autonomous technologies and advance communication systems
Scalability
Unlimited scalability with millions of autonomously capable vehicles currently on the road with over-the-air software updates vehicles can become autonomous.
Millions of vehicles are produced each year with autonomous capabilities.
Trailers
Robo taxis management recreational vehicle trailers and Commercial trailers upon requests including special tarp systems.
Special services
Robotaxing with unique special services including pickup trucks with towing capacities and semi trucks with significant towing capacities is part of the plan.
Individuals can request robotaxi with towing capacity. For example recreational vehicles owned or rented can be transported on-trailer ball part of towing capacity vehicles.
Advanced communication system
Part of the robotaxi fleet planned to have an advanced communication system, satellite internet connection globally.
Shipping and receiving
Robotaxi plans to include shipping and receiving services: individuals and entities can request virtually assets to be picked-up and dropped-off at any location in the world. Pellets handling is possible with compact track loaders (CTL) perishable and other temperature sensitive prices can be picked up and placed into high-tech Refrigeration units with remote monitoring of temperature and humidity.
Unlimited size and weight and location.
Accessories both aftermarket and from original equipment manufacturer (OEM) and others plan to be procured and installed on global robotaxing fleet’s
Emergency services
Robotaxis I plan for emergency services including evacuations. Special emergency services are planned and scalable transporting one-to-thousands of people is possible. One-to-thousands lbs of commodities, possible. Individuals can sponsor and opt-in autonomous vehicles in cases of emergencies to perform special missions with tracking and multimedia possibility, respecting privacy.
Inclement weather conditions
Robotaxi fleet planned for special capable, vehicles with accessories as necessary for on and off-road, operate in extreme weather conditions including in snow and other adverse weather conditions.
Disclaimer
No information provided represents future events will occur especially with individuals or entities contained in the information.
Tax, Legal or Accounting Advice
Not providing: tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
Forward looking statements
Information provided contains a sense of use of forward-looking statements. No representation is made that any of the proposed concepts will occur now or in the future.
Law enforcement
There are no plans to work directly with law enforcement agency with evFleets.
Military
Currently there are no plans to work directly with military branches with evfleets.
Background information:
What is the benefit of robotaxi?
Autonomous vehicles (AVs), and their robotaxi applications in particular, have the potential to save millions of lives, increase mobility, and speed the energy transition.
Commercial trucking AVs should be on the road by the mid-2020s, with robotaxis reaching a tipping-point in cities around a decade later
How does Robotaxi work?
Robo-taxi is a self-driving car that operates as a taxi in an e-hailing service. This means that robo-taxis do not have a driver and passengers can request them via a smartphone application
How much will robotaxis cost per mile?
The cost of an autonomous ride-hailing service will drop to $0.25 per mile, compared to $0.70 to keep a personal car. Low Operation Cost: Autonomous vehicles will help to reduce insurance costs, as well as, reduce accidents. This will help to bring down the cost of these services
How can I avoid paying tax on passive income?By keeping assets in tax-deferred accounts like IRAs and 401(k) plans, you won’t have to pay tax on your income and gains until you withdraw the money from the account. In the case of a Roth IRA, you may never have to pay tax on your distributions at all.
Passive Income
Individuals potentially can have passive income with evFleets.
As famous entrepreneur Warren Buffett once said, “If you don’t find a way to make money while you sleep, you will work until you die.” In short: passive income helps you diversify your earnings and creates an efficient way to earn money because your time isn’t always required.
While many passive income efforts involve upfront investments and set-up time, your involvement greatly decreases over time until you are completely hands-off or can hand over responsibilities to someone else. Passive income is a great way to build wealth faster because you make money with almost zero limits.
Potentially, achieve financial independence and retire early
What are the three types of income active passive?
Three of the main types of income are earned, passive and portfolio. Earned income includes wages, salary, tips and commissions. Passive or unearned income could come from rental properties, royalties and limited partnerships. Portfolio or investment income includes interest, dividends and capital gains on investments
What is the tax rate for passive income and Non Passive income?
Rental income, interest income, dividend and capital gains are common types of passive income. Non-passive income includes active income, business income and investment income. Passive income can be taxed up to 15%. Tax limit for non-passive is 35%
What does the IRS consider passive income?
Passive Activities
Trade or business activities in which you don’t materially participate during the year. Rental activities, even if you do materially participate in them
What is the passive income rule?
Under U.S. tax law, a passive activity is one that produces income or losses that did not result in any material participation by the taxpayer. For example, if you own farmland but rent it out to a farmer who does all the work, you’re making passive income. Passive losses cannot be used to offset earned income.
Side hustle
What can bring me passive income?
It’s also referred to as unearned income by the Internal Revenue Service. The opposite of active income, passive income streams can come from investing in mutual funds or real estate, selling products online, publishing online courses, or other side hustles in which the earner doesn’t have to actively participate
Is a side hustle the same as passive income?
With side hustles you “earn” money, with passive income you “make” money. This is because with side hustles you are trading your time and involvement in return for payment, whereas for passive income, you are making money that is not tied to your active Participation
Floor Planing
(Possibly by Tesla)
What Is Floor Planning?
Floor planning is a form of retailer financing for large ticket items displayed on showroom floors or lots. Specialty lenders, traditional banks, and finance arms of manufacturers provide the short-term loans to retailers to purchase items and they are then repaid as the items are sold.
Automobile dealerships utilize floor plan financing to run their new and used car businesses. Floor planning is a type of inventory financing.
Small businesses
Individuals and small companies can establish their customized evFleets.
Transportation
It’s planned that evFleets will include transportation of people and products. Refrigerated product transportation is planned.
Motor vehicle insurance
(Possibly by Tesla)
Tesla vehicles are some of the most advanced on the road, and with Tesla Insurance you have access to tools that can help you drive safer.
Chief Executive Elon Musk says Tesla is making design and software changes to its vehicles to lower repair costs and insurance premiums
What Is a Roth IRA?
An individual retirement account (IRA) is an account used to save for retirement. A Roth IRA is a special type of tax-advantaged individual retirement account to which you can contribute after-tax dollars. The primary benefit of a Roth IRA is that your contributions and the earnings on those contributions can grow tax-free and be withdrawn tax-free after the age 59½ assuming the account has been open for at least five years. In other words, you pay taxes on money going into your Roth IRA, and then all future withdrawals are tax-free
The Roth IRA five-year rule says you cannot withdraw earnings tax-free until it’s been at least five years since you first contributed to a Roth IRA account. This five-year rule applies to everyone who contributes to a Roth IRA, whether they’re 59 ½ or 105 years old.
Waymo and Cruise robotaxi services
San Francisco transportation officials want Waymo and Cruise to slow the expansion of their robotaxi services in the city due to safety concerns, as reported earlier by NBC News. In two letters written to the California Public Utilities Commission (CPUC), the officials on San Francisco County’s Transportation Authority say the expansion of either service “is unreasonable,” citing recent incidents involving stopped driverless vehicles blocking traffic and obstructing emergency responders.
The GM-backed Cruise and Alphabet-owned Waymo are currently the only companies permitted to offer driverless rides to passengers in San Francisco. In June, Cruise won a permit to charge for rides in its autonomous vehicles (AV) between 10PM and 6AM, while Waymo obtained a permit to offer fully driverless rides a few months later. Unlike Cruise, Waymo still can’t charge for driverless rides, as it’s still awaiting an additional permit from the CPUC.
Waymo Robotaxi
Waymo barreling ahead with bigger robotaxi coverage in San Francisco and Phoenix – The Verge
Waymo is dramatically expanding its robotaxi service areas in Phoenix and San Francisco as it seeks to gain new customers, generate more revenue, and make a convincing argument that self-driving cars are more than just an expensive fad.
In Phoenix, the company’s autonomous Jaguar I-PACE vehicles will now cover a total of 180 square miles, or roughly twice the size of its current map and four times the size of the area that the company served when it first launched its ride-hailing operation in 2020.
National & International Accounts
Potentially securing National and international accounts fulfillment by local and regional providers with evFleets
What is national accounts marketing?
A national account is a prospect or customer with locations in several sales territories that are sold, using a coordinated national strategy rather than strategies that focus on specific locations.
What does national account mean in business?
National accounts are a system of accounts and balance sheets that provide a broad and integrated framework to describe an economy, whether a region, a country, or a group of countries such as the European Union (EU)
Could A Tesla Really Be An Appreciating Asset?
The Tesla Model 3 has already proven it has very low depreciation, but to grow in value seems crazy.
Depreciation & Tesla’s appreciated in value
An unfortunate fact of car ownership is depreciation. In just one year, the average car can depreciate as much as 20-percent of its value, losing up to 60-percent of its worth in as little as five years. While antique cars and collector’s edition vehicles are notable exceptions to this rule, new trends suggest that the Tesla model could also prove a more worthwhile investment than your typical commuter car. Not only do Teslas hold their value upon purchase, but certain models can even appreciate value over time due to increased demand for used electric vehicles. In particular, the Tesla Model 3 and Model Y are in high demand from customers worldwide, resulting in higher prices not only for brand-new models, but for used ones as well. As Tesla increases production and further advances their cutting-edge all-electric technology. But, what exactly allows Teslas to hold their value compared to other battery-operated vehicles? To determine that, it’s important to understand why cars depreciate in the first place, and how Tesla’s Full Self Driving (FSD) capability keeps the car from taking a strong hit.