https://wccftech.com/lyft-uber-musk-tesla-ride-hailing/

Ride-hailing companies have gained a lot of popularity over the years and I don’t just mean in terms of the scandals that have surrounded them. Uber and Lyft are two very popular names that come in our minds when we think of ride hailing services. It seems that Tesla CEO Elon Musk has recognized this potential and in the third-quarter earnings call said that the company very ‘obviously’ plans to jump in this line of business with its self-driving cars.

Musk wants to create a new era of ride-hailing services. He said. “Tesla will operate its own ride-hailing services and compete directly with Uber and Lyft, obviously.” The Tesla platform isn’t yet operational but according to Musk it will give the customers the opportunity to ‘offer their car, add or subtract to the fleet at will’. Musk compared this business idea to that of Airbnb which is all about peer-to-peer dealings. With Tesla’s service, the autonomous vehicles will pick and drop passengers whenever enough cars aren’t available.