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Elon Musk says there's 'no need' for Tesla to buy Uber, and the reason is the company's rival to Google Waymo
Elon Musk says there's 'no need' for Tesla to buy Uber, and the reason is the company's rival to Google Waymo

Time of India

time21-05-2025

  • Automotive
  • Time of India

Elon Musk says there's 'no need' for Tesla to buy Uber, and the reason is the company's rival to Google Waymo

Tesla CEO Elon Musk dismissed speculation about acquiring Uber , saying the electric vehicle maker has "all the ingredients necessary" to launch its own autonomous ride-hailing fleet that will compete directly with Waymo and other self-driving services. In a CNBC interview, Musk outlined his vision for Tesla's autonomous ride-hailing service, describing a "combination of a Tesla-owned fleet and also enabling Tesla owners to be able to add or subtract their car to the fleet" for autonomous use. This would allow Tesla owners to earn money when they're not using their vehicles. "I think it's maybe possible for Tesla owners to make more in allowing the car to be added to the self-driving fleet than it costs them in the lease," Musk told CNBC's David Faber , comparing the business model to "some combination of Airbnb and Uber." Tesla's robotaxi service launching next month in Austin After years of delays, Tesla plans to debut its invitation-only robotaxi service in Austin next month using its FSD Unsupervised software, which doesn't require a driver behind the wheel. "We'll start with probably 10 for a week, then increase it to 20, 30, 40," Musk said. "It will probably be at 1,000 within a few months." When asked if Tesla needed to improve its technology before launching a large-scale robotaxi service, Musk was confident: "I don't think we're missing anything." The announcement comes as competition in the autonomous ride-hailing space heats up. Alphabet's Waymo already offers robotaxis on Uber's platform in Phoenix, Austin, and Atlanta, while Lyft has partnered with companies like May Mobility and Mobileye to begin offering autonomous vehicles this summer. Tesla's entry into the autonomous ride-hailing market represents a significant expansion of its business model and potential revenue streams. With "millions of cars that will be able to operate autonomously," Musk believes Tesla can build a vast self-driving fleet without acquiring established ride-sharing companies like Uber. AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Musk confirms Tesla Robotaxi launch in Austin, Texas by end of June
Musk confirms Tesla Robotaxi launch in Austin, Texas by end of June

Express Tribune

time21-05-2025

  • Automotive
  • Express Tribune

Musk confirms Tesla Robotaxi launch in Austin, Texas by end of June

Listen to article Tesla CEO Elon Musk has confirmed that the company will begin testing its long-awaited robotaxi service in Austin, Texas, by the end of June, with an initial fleet of around 10 vehicles. Speaking in a CNBC interview at Tesla's headquarters in Austin, Musk said the pilot programme will mark the official debut of Tesla's fully autonomous ride-hailing service. If successful, the service will scale rapidly, with up to 1,000 vehicles expected on the road within a few months. 'It's prudent for us to start with a small number, confirm that things are going well, and then scale it up,' Musk stated. Tesla's robotaxi service will initially operate using Model Y vehicles equipped with the latest version of its Full Self-Driving (FSD) software, referred to as "FSD Unsupervised." 🚨 BREAKING: Tesla's Robotaxi service, powered by FSD Unsupervised, is set to launch on June 1st! Just 31 days to go! 🚀 — Teslasti Basti (@BastianBraun121) May 1, 2025 The company plans to geofence the operation — restricting movement to specific zones within Austin — while eliminating human safety drivers. Tesla employees will remotely monitor the fleet to ensure safety and performance. Musk said plans are in motion to expand the service to Los Angeles and San Francisco following the Austin rollout, pending a smooth initial phase. Since 2016, Musk has pledged that Tesla was on the verge of deploying self-driving cars. However, Tesla vehicles currently still require driver supervision and have not yet received regulatory approval for fully autonomous operation without human intervention. Musk reiterated Tesla's distinctive approach to autonomy, relying solely on AI, cameras, and digital neural networks — unlike competitors such as Alphabet's Waymo, which employs lidar and radar-based systems. 🚨 BREAKING: Tesla's Robotaxi service, powered by FSD Unsupervised, is set to launch on June 1st! Just 31 days to go! 🚀 — Teslasti Basti (@BastianBraun121) May 1, 2025 'What will actually work best for the road system is artificial intelligence, digital neural nets and cameras,' he said. Waymo currently leads the market with 250,000 paid driverless trips per week in multiple US cities. Addressing recent challenges, including a 20% decline in Tesla's automotive revenue in Q1 2025, Musk attributed the slump to factory retooling ahead of a refreshed Model Y launch. He claimed a strong rebound in demand is already underway. Musk also confirmed his commitment to leading Tesla for at least the next five years, despite his growing political involvement and roles at SpaceX and AI startup xAI.

Tesla robotaxis will be on Austin roads this June, says Elon Musk
Tesla robotaxis will be on Austin roads this June, says Elon Musk

Yahoo

time21-05-2025

  • Automotive
  • Yahoo

Tesla robotaxis will be on Austin roads this June, says Elon Musk

The Brief Elon Musk says Tesla's robotaxis will be launched on Austin roads by the end of next month Musk stated this in an interview with CNBC Tuesday The service will start with about 10 vehicles, then expand to thousands AUSTIN, Texas - Austinites can still expect to see Tesla's robotaxis driving alongside them come next month, says Elon Musk. Musk dropped the news in an interview Tuesday with CNBC at Tesla's headquarters in Austin. What we know Musk outlined the plan for the robotaxi service, saying it will start by the end of June with about 10 vehicles in Austin, then expand to thousands of vehicles should that launch go well with no incidents. CNBC reports that Tesla has said the robotaxis will be Model Y vehicles equipped with "a forthcoming version of FSD (full self-driving) known as FSD Unsupervised. An FSD Supervised ride-hailing service has been available for an "early set of employees" in Austin and San Francisco since April. Tesla unveils self-driving CyberCab, shows off Optimus robot at event Tesla's Austin 'Robotaxi' plan raises questions from U.S. safety agency The cars will be geo-fenced to Austin to start, but will operate without a human safety driver, says Musk. Instead, Tesla employees will be remotely monitoring the fleet. What's next Musk said in the interview that the company aims to take its robotaxis to Los Angeles and San Francisco after Austin. Big picture view Tesla is not the first company to bring robotaxi services to Austin. Currently, Waymo operates through Uber and also offers Waymo One, a public fully autonomous ride-hailing service that operates 24/7 with no human driver in the front seat. New safety concerns about Waymo driverless cars Caught on video: Waymo driverless car avoids hitting person falling off scooter Waymo driverless cars in Austin slammed with complaints Zoox, a subsidiary of Amazon, currently operates in Las Vegas with plans to expand to Austin, Miami and San Francisco. Zoox started testing its fleet in Austin last summer. Cruise, which was owned by General Motors, suspended their driverless operations in 2023 after reports of their autonomous cars struggling in traffic and even running over a pedestrian in California. That suspension later became permanent when the company announced it would not be relaunching the service after GM announced its full acquisition. Dig deeper Tesla's plan has prompted a U.S. agency to ask the company a list of safety questions. The National Highway Traffic Safety Administration (NHTSA) made their letter to Tesla public on May 12. The letter formally asks the company to address numerous concerns with automated driving specifications for the automated vehicles, including those involving interactions with pedestrians and adjustments to changing weather conditions. The letter says Tesla may be fined up to $27,874 per day if the agency does not receive a prompt response, with a maximum fine of $139,356,994. The NHTSA says a response is due by June 19. The Source Information in this report comes from CNBC, the websites of Waymo and Zoox, and previous reporting from FOX 7 Austin

Elon Musk says there's 'no need' for Tesla to buy Uber since Tesla owners could one day join its autonomous fleet
Elon Musk says there's 'no need' for Tesla to buy Uber since Tesla owners could one day join its autonomous fleet

Yahoo

time21-05-2025

  • Automotive
  • Yahoo

Elon Musk says there's 'no need' for Tesla to buy Uber since Tesla owners could one day join its autonomous fleet

Elon Musk on Tuesday told CNBC there's "no need" for Tesla to buy Uber. Tesla owners could one day be able to earn money by lending their car to Tesla's autonomous fleet, he said. Tesla will debut its invitation-only robotaxi service in Austin next month, BI previously reported. Elon Musk on Tuesday dismissed a hypothetical Tesla-Uber deal, saying there's "no need" for Tesla to buy the ubiquitous rideshare app. Musk told CNBC that he envisions a world where, instead of calling an Uber, you can call an autonomous Tesla to get you to your destination without a dedicated driver. "We have millions of cars that will be able to operate autonomously," Musk told CNBC's David Faber. "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." Musk's proposed business model would allow Tesla drivers to rent out their cars for autonomous ride-hailing, "just like" one can rent out a spare bedroom through Airbnb. Representatives for Tesla and Uber did not immediately respond to requests for comment from Business Insider. After years of delays, Tesla plans to debut its much-anticipated robotaxi service in Austin next month, Business Insider previously reported. Musk confirmed the plans in the CNBC interview Tuesday. "We'll start with probably 10 for a week, then increase it to 20, 30, 40," he said in an interview with CNBC on Tuesday. "It will probably be at 1,000 within a few months." Tesla has not yet unveiled the commercial version of its Full Self-Driving software, called FSD Unsupervised. This software will be used in its robotaxi fleet and does not require a driver behind the wheel like its personal vehicles. When asked by Faber whether Tesla needed to make any improvements or changes to its technology or fleet in order to prepare to launch a large-scale robotaxi service, Musk demurred. "I don't think we're missing anything," Musk said. "Tesla has all the ingredients necessary to offer a vast self-driving fleet." Although Uber and Lyft have long bowed out of developing autonomous cars in-house, both companies plan to offer robotaxis on their platforms through partnerships with other self-driving-focused companies. Uber, for example, already offers Alphabet's Waymo on its app in Phoenix, Austin, and Atlanta. Lyft said it has partnered with companies like May Mobility, Mobileye, and Japan's Marubeni to begin offering autonomous vehicles as soon as summer of 2025. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Elon Musk says there's 'no need' for Tesla to buy Uber since Tesla owners could one day join its autonomous fleet
Elon Musk says there's 'no need' for Tesla to buy Uber since Tesla owners could one day join its autonomous fleet

Business Insider

time20-05-2025

  • Automotive
  • Business Insider

Elon Musk says there's 'no need' for Tesla to buy Uber since Tesla owners could one day join its autonomous fleet

Elon Musk on Tuesday dismissed a hypothetical Tesla-Uber deal, saying there's "no need" for Tesla to buy the ubiquitous rideshare app. Musk told CNBC that he envisions a world where, instead of calling an Uber, you can call an autonomous Tesla to get you to your destination without a dedicated driver. "We have millions of cars that will be able to operate autonomously," Musk told CNBC's David Faber. "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." Musk's proposed business model would allow Tesla drivers to rent out their cars for autonomous ride-hailing, "just like" one can rent out a spare bedroom through Airbnb. Representatives for Tesla and Uber did not immediately respond to requests for comment from Business Insider. After years of delays, Tesla plans to debut its much-anticipated robotaxi service in Austin next month, Business Insider previously reported. Musk confirmed the plans in the CNBC interview Tuesday. "We'll start with probably 10 for a week, then increase it to 20, 30, 40," he said in an interview with CNBC on Tuesday. "It will probably be at 1,000 within a few months." Tesla has not yet unveiled the commercial version of its Full Self-Driving software, called FSD Unsupervised. This software will be used in its robotaxi fleet and does not require a driver behind the wheel like its personal vehicles. When asked by Faber whether Tesla needed to make any improvements or changes to its technology or fleet in order to prepare to launch a large-scale robotaxi service, Musk demurred. "I don't think we're missing anything," Musk said. "Tesla has all the ingredients necessary to offer a vast self-driving fleet." Although Uber and Lyft have long bowed out of developing autonomous cars in-house, both companies plan to offer robotaxis on their platforms through partnerships with other self-driving-focused companies. Uber, for example, already offers Alphabet's Waymo on its app in Phoenix, Austin, and Atlanta. Lyft said it has partnered with companies like May Mobility, Mobileye, and Japan's Marubeni to begin offering autonomous vehicles as soon as summer of 2025.

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