Tesla is now asking businesses whether they’d like to buy and operate their own fleets of Cybercab robotaxis on its network. It’s the same pitch Elon Musk has been making since 2019: buy the cars, put them to work, and earn money while you sleep.

There’s one problem with it. And it never happened, and you shouldn’t fall for it now. If running a fleet of Cybercabs were actually profitable, Tesla wouldn’t sell you a single one.

The pitch Tesla keeps making

At its Cybercab event on September 3, Tesla started circulating an interest form to fleet buyers asking who wants in on “Cybercab fleet vehicle purchasing.” The idea is that a company buys the cars, runs them on Tesla’s Robotaxi network, and splits the revenue.

We’ve heard this before. At Autonomy Day in 2019, Musk told the world that owners could add their cars to the “Tesla Network” and pull in as much as $30,000 a year in gross profit per vehicle. Same year, he called Teslas “appreciating assets” that would gain value as Full Self-Driving improved.