Tesla's move into ride-hailing is seen as a potential new revenue stream amid declining sales and stock performance. In Europe, Tesla's sales have dropped significantly, despite an overall increase in EV registrations. Tesla aims to introduce its robotaxi service in Texas by June, but as of February, the Texas Department of Licensing and Regulation had not been contacted. Meanwhile, Tesla has launched an app-based ride-hailing service for its Bay Area employees, with plans to expand public service in California by the end of the year.
Key takeaways:
- Tesla has applied for a transportation charter-party carrier permit with the California Public Utilities Commission to launch an autonomous ride-hailing service.
- Although Tesla is approved for autonomous vehicle testing in California, additional permits are required before it can charge for ride-hailing services.
- Tesla's stock and sales are struggling, with significant declines in Europe, prompting the company to explore new revenue streams like robotaxis.
- An app-based ride-hailing service with drivers is being tested with Tesla's Bay Area employees, with plans for public service in California by the end of the year.