Tesla Plans to Launch Robotaxi Services
Tesla's CEO Elon Musk announced the plan to launch driverless, paid robotaxi services in California and Texas by 2024. Challenges especially in California involve gaining necessary permits; Tesla hasn't used its autonomous vehicle testing permit since 2019. With its Full Self-Driving system under investigation, Tesla's ambitions shook Uber and Lyft shares by 2.3%.
Tesla CEO Elon Musk announced plans to introduce driverless, paid robotaxi services in California and Texas by 2024.
During a quarterly earnings call, Musk expressed confidence in the rollout, despite anticipating regulatory challenges, particularly in California.
Tesla currently offers a ride-hailing service for employees in the San Francisco Bay Area.
To launch public services, Tesla will need to secure necessary permits from the California Public Utilities Commission and the California Department of Motor Vehicles, where Alphabet's Waymo has already set precedents.
Tesla has not used its autonomous vehicle testing permit since 2019 and has yet to apply for a permit to test vehicles without drivers.
In contrast, Texas has more lenient regulations.
Tesla's robotaxi announcement follows the unveiling of its 'Cybercab,' which lacks a steering wheel and pedals.
The company’s ambitions are supported by its Full Self-Driving system, though this has faced investigation by NHTSA after multiple collisions.
The news affected other ride-hailing companies like Uber and Lyft, as their shares dipped 2.3% in post-market trading.
During a quarterly earnings call, Musk expressed confidence in the rollout, despite anticipating regulatory challenges, particularly in California.
Tesla currently offers a ride-hailing service for employees in the San Francisco Bay Area.
To launch public services, Tesla will need to secure necessary permits from the California Public Utilities Commission and the California Department of Motor Vehicles, where Alphabet's Waymo has already set precedents.
Tesla has not used its autonomous vehicle testing permit since 2019 and has yet to apply for a permit to test vehicles without drivers.
In contrast, Texas has more lenient regulations.
Tesla's robotaxi announcement follows the unveiling of its 'Cybercab,' which lacks a steering wheel and pedals.
The company’s ambitions are supported by its Full Self-Driving system, though this has faced investigation by NHTSA after multiple collisions.
The news affected other ride-hailing companies like Uber and Lyft, as their shares dipped 2.3% in post-market trading.
