After Twitter, is Elon Musk buying the ride-share app Uber? Here's what the Tesla CEO says

Tesla CEO Elon Musk doesn’t see a future where Tesla would need to buy a rideshare company like Uber, because, in his view, Tesla is already building something better.

During an interview with CNBC's David Faber, Musk even rejected a potential Tesla-Uber deal, saying there's "no need" for the EV maker to buy the "ubiquitous rideshare app", reported Business Insider.

Tesla’s Autonomous Future

According to the report, the Tesla CEO shared that he anticipates a world where, instead of calling an Uber, people can call an autonomous Tesla to get them to their destination without a dedicated driver.


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Musk said, "We have millions of cars that will be able to operate autonomously," adding, "And I should say that it's a combination of a Tesla-owned fleet and also enabling Tesla owners to be able to add or subtract their car to the fleet, so that existing Tesla owners will be able to earn money by adding their car to the fleet for autonomous use," quoted Business Insider.

Tesla’s Ride-Hailing Model

He explained that his proposed business model would let those who own Tesla, to give their cars on rent for autonomous ride-hailing, "just like" people rent out a spare bedroom through Airbnb, according to the report.

Tesla’s Robotaxi Service

The tech billionaire also confirmed the EV giant's plans to debut its much-hyped-up robotaxi service in Austin next month, as per Business Insider.

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Musk pointed out that "We'll start with probably 10 for a week, then increase it to 20, 30, 40," adding, "It will probably be at 1,000 within a few months," Business Insider quoted.

FAQs

How does Tesla’s ride-sharing model work?
Tesla owners can rent out their cars for autonomous rides, earning money while their car works for them.

Where will the Robotaxi service launch first?
Austin, Texas, is the first city to get Tesla’s robotaxi fleet, as per Business Insider.