Latest news with #Tesla-owned
Time of India
21-05-2025
- 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
Time of India
21-05-2025
- Automotive
- Time of India
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. ALSO READ: What is the JN.1 variant of the coronavirus spreading across several countries, including the U.S.? Is it a descendant of Omicron, and how deadly is it? 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. Live Events 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. ALSO READ: Jamie Dimon issues chilling warning about Donald Trump's scaled-back tariffs, says Wall Street is ignoring a looming economic shock 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.
Yahoo
21-05-2025
- 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
Business Insider
20-05-2025
- 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.
Yahoo
26-03-2025
- Business
- Yahoo
Here's Why the FBI Is Launching a Task Force to Tackle 'Domestic Terrorism' — At Tesla Dealerships
Last Saturday, I rode a bus through downtown San Francisco and passed the Tesla dealership on Van Ness Avenue. Dozens of people protested outside, most of them holding up quippy signs deriding Elon Musk, owner of Tesla and X and leader of the Trump administration's Department of Government Efficiency. The commotion looked fairly tame — demonstrators chanted, but the noise seemed par for the course for political action. While activists continue to gather outside Tesla dealerships across the country, however, some events haven't been so peaceful. There have been purported cases of vandalism and even allegations of terrorism; FBI Director Kash Patel wrote on X on Monday that 'this is domestic terrorism. Those responsible will be pursued, caught, and brought to justice.' Dan Bongino, the FBI's deputy director, also wrote on X that 'justice is coming.' As the protests continue, we're keeping an eye on some of the most significant events and the FBI response. Plus, we'll dive into how the drama has impacted Tesla stock — and whether Musk's wallet has taken a hit. Since February, demonstrators have been gathering outside of Tesla locations to oppose Musk's newfound governmental role. The events have been urged on by the TeslaTakedown movement, an ongoing protest push that's called for multiple days of action. (There's another mass protest scheduled for March 29.) While mainly centralized in the U.S., the upcoming demonstrations will take place on a global scale. TeslaTakedown says its mission is clear: 'We're tanking Tesla's stock price to stop Musk.' That includes calls for Tesla owners to sell their cars; some high-profile owners, including Sheryl Crow and Sen. Mark Kelly, have already made a public show of doing exactly that. 'Stopping Musk will help save lives and protect our democracy,' TeslaTakedown's statement continues. While the movement is explicitly peaceful ('We oppose violence, vandalism and destruction of property'), the rise in protests has occasionally become dangerous. For the past two weekends, approximately 100 demonstrators in Austin, home to Tesla's headquarters, have gathered to publicly ridicule both Musk and President Donald Trump. On Monday morning, the situation escalated: Police in Texas claimed to have found 'incendiary devices' placed inside of a Tesla showroom. 'On Monday, March 24, 2025, at approximately 8.04am, Austin Police Department (APD) officers responded to a found/abandoned hazardous call at the Tesla dealership,' APD said in a statement shared with CBS Austin. 'When officers arrived on scene, they located suspicious devices and called the APD bomb squad to investigate. The devices, which were determined to be incendiary, were taken into police custody without incident.' Another act of violence at a Tesla-owned property occurred in Las Vegas: On March 18, a person wearing black shot and set fire to Tesla vehicles at a repair facility. 'This was a targeted attack against a Tesla facility,' Assistant Sheriff Dori Koren with the Las Vegas Metropolitan Police Department said in a news conference. 'Officers discovered several vehicles on fire as well as the word 'Resist' spray-painted on the front doors of the business.' Not all of the chaos has been perpetrated against Tesla. On March 22, a man was arrested and charged with assault after allegedly driving toward protestors outside of a West Palm Beach Tesla dealership. In Berkeley, California, a Trump supporter was arrested after firing a stun gun at activists outside of a dealership. The company itself isn't the only target: Tesla owners are also feeling the heat. You can now purchase 'I got this before Elon went crazy' bumper stickers on Amazon and Etsy — though it's unclear if the joke actually acts as a deterrent against the real vandalism Tesla owners have recently experienced. One woman in Kansas went out to dinner and emerged from the restaurant only to discover that her Tesla had been keyed. A Tesla owner told NBC Chicago that someone had applied a 'Heil Elon' sticker to his car. Another woman finishing up a shopping trip at Whole Foods in Texas found her Tesla scratched and her door handle damaged. President Trump has sounded off on individuals who vandalize the cars. On March 21, Trump posted to Truth Social, 'People that get caught sabotaging Teslas will stand a very good chance of going to jail for up to twenty years, and that includes the funders. WE ARE LOOKING FOR YOU!!!' 'I look forward to watching the sick terrorist thugs get 20 year jail sentences for what they are doing to Elon Musk and Tesla,' the president added. 'Perhaps they could serve them in the prisons of El Salvador, which have become so recently famous for such lovely conditions!' On March 11, Trump took to the South Lawn of the White House to show off five brand new Teslas, alongside a promise to purchase his own. Trump spoke positively about the brand, saying 'I'm going to buy [one]. I'm going to buy because number one it's a great product — as good as it gets. And number two, [be]cause this man [Musk] has devoted his energy and his life to doing this. I think he's been treated very unfairly by a very small group of people.' Tesla sales have plunged in recent months in the U.S. and abroad; one report estimates that sales in Q1 of 2025 are down approximately 14% compared to the last quarter of 2024. Tesla stock has also fallen — but a recent jump has initiated a rollercoaster effect: After dipping a drastic 15% on March 10, the stock has recuperated. Per CNN, 'In the past week, Tesla's shares have bounced back somewhat after Musk committed to ambitious plans during an 'all hands' company meeting on Thursday. Shares climbed 5% on Friday, 12% on Monday, and more than 3% Tuesday.' During that March 10 nosedive, however, Musk lost $22.8 billion of his own net worth. For scale, CNN compares that loss to Rupert Murdoch's entire $22.7 billion fortune. That said, regardless of these recent troubles, Musk remains the richest person in the world. The post Here's Why the FBI Is Launching a Task Force to Tackle 'Domestic Terrorism' — At Tesla Dealerships appeared first on Katie Couric Media.
