In recent news, Tesla is planning to launch a ride-hailing service that will be integrated into the Tesla app. The company has revealed details about its planned ride-hailing interface, with an emphasis on self-driving and robotaxi businesses as electric vehicle demand softens.
During a call with investors, Elon Musk, CEO of Tesla, explained that the robo-taxi business model is similar to a combined version of Airbnb and Uber. Tesla intends to have a fleet of self-driving vehicles, with some owned and operated by Tesla, and others owned by end users. This model is expected to result in a large self-driving fleet, providing Tesla with valuable data and feedback.
Tesla has shifted its focus to the potential value of its self-driving software and robotaxi business in response to slowing electric vehicle demand. Despite challenges from safety groups and legal issues, Tesla continues to develop its Full-Self Driving software and work on ride-hailing functionality for the future. Musk announced plans to reveal a long-awaited robotaxi in August, showcasing the company’s commitment to advancing autonomous vehicle technology.
