Latest news with #Tesla-owned
Business Insider
a day ago
- Automotive
- Business Insider
Here's How Tesla (TSLA) Plans to Boost Sales in Canada
EV maker Tesla (TSLA) recently made a new offer for buyers in Canada: unlimited lifetime Supercharging on all new Model 3 inventory vehicles. This offer replaces previous promotions, which had provided either 12 or 18 months of free Supercharging. Now, instead of a limited timeframe, qualifying buyers can get free charging for as long as they own the car. However, it is important to note that this deal only applies to new Model 3s that are already in Tesla's inventory and does not apply to custom factory orders. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. With this perk, owners can charge their vehicles for free at any Tesla-owned Supercharger station across Canada and North America. As a result, this could lead to thousands of dollars in savings over the lifetime of the vehicle, particularly for drivers who drive often or those who don't have access to home charging. In addition to the cost benefits, Tesla's Supercharger network is known for being reliable and widespread, making this offer even more attractive for daily commuters and long-distance travelers. However, unlike Tesla's early free Supercharging deals, the benefit cannot be transferred to a new owner if the vehicle is sold. Still, the offer is also extended to demo vehicles classified as new inventory, thereby giving buyers a bit more flexibility when choosing a qualifying car. This promotion comes as the company tries to reverse the sales decline it has seen so far this year. What Is the Prediction for Tesla Stock? Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 14 Buys, 15 Holds, and eight Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average TSLA price target of $307.23 per share implies 7.1% downside risk.
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.
