Amidst a decline in demand for electric vehicles, Tesla is focusing on its self-driving and robotaxi ventures. The company has announced plans to launch a ride-hailing service, which will be integrated into the existing Tesla app used by vehicle owners for various functions. Details about the ride-hailing service were unveiled during Tesla’s Q1 earnings presentation, including the ability to request a driverless vehicle, adjust the interior temperature, and track the vehicle’s location through a 3D map.
Tesla CEO Elon Musk shared more insights into the robo-taxi business model during an investor call, comparing it to a blend of Airbnb and Uber. Musk mentioned that Tesla plans to have a mix of company-owned and user-owned vehicles in a self-driving fleet to generate valuable data and feedback. Despite challenges from safety organizations and legal issues, Tesla continues to develop its driver-assist software, known as “Full Self-Driving” (FSD) and work on the ride-hailing functionality for future use.
Tesla’s CEO has announced plans to unveil a robotaxi in August, emphasizing the significance of its self-driving technology and ride-hailing service amidst market changes. With this new venture, Tesla is poised to continue revolutionizing the transportation industry with its cutting edge technology and innovative business models.