Tesla Launches Robotaxi Ride-Hailing Service Amid Decline in Demand for EVs

Tesla is preparing to launch a ride-hailing service, according to recent updates from the company. The focus of Tesla’s efforts is on its self-driving and robotaxi ventures, amidst a decline in demand for electric vehicles. Although no launch date has been specified, Tesla has unveiled details about the ride-hailing service, which will be integrated into the existing Tesla app used by vehicle owners for various functions.

The service will allow users to request a driverless vehicle, adjust the interior temperature, and track the vehicle’s location through a 3D map, as illustrated in screenshots during Tesla’s Q1 earnings presentation. During an investor call, Elon Musk shared more insights into the robo-taxi business model, 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 announced plans to unveil a robotaxi in August, emphasizing the significance of its self-driving technology and ride-hailing service amidst market changes.