Tesla to introduce new ride-hailing service

Technology
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FILE – In this March 2, 2019 file photo, Elon Musk, CEO of SpaceX, speaks during a news conference after the SpaceX Falcon 9 Demo-1 launch at the Kennedy Space Center in Cape Canaveral, Fla. Tesla plans to cut its board of directors from 11 to seven in a move the car maker says will […]

Tesla says it will introduce a ride-hailing service with no humans driving the vehicles.

CEO Elon Musk and others detailed the company’s plans to have self-driving vehicles operational by next year at an event for investors Monday.

Related Content: “Check your Ride” is Uber’s newest rideshare safety initiative

Musk says Tesla’s self-driving software is storing images and learning at an exponential rate. He’s confident Tesla will get regulatory approval for the service sometime next year as well.

Tesla would allow owners to use their smart phones to put their cars into the ride-hailing service while they’re not being used. The company would take 25% to 30% of the fare. Musk says Tesla would provide vehicles in areas where not enough people share their cars.

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