baileystock
Tesla (NASDAQ:TSLA) CEO Elon Musk said the company has launched its ride-hailing service in the San Francisco Bay Area. “You can now ride-hail a Tesla in the SF Bay Area, in addition to Austin,” read the cryptic post by Musk on social media site X.
Notably, California has not yet permitted Tesla (NASDAQ:TSLA) to offer a full robotaxi service. The California Public Utilities Commission said last week that Tesla was not allowed to “test or transport the public” with or without a driver in a self-driving vehicle.
It is possible that regarding the San Francisco Bay area service, Musk may be referring to Tesla’s (TSLA) Full Self-Driving (Supervised) feature, which can perform many driving tasks but requires a human driver to pay attention and be ready to take over at all times. In that case, Tesla (TSLA) could be running a chauffeur-style or black car service, where riders are driven by human drivers who may supervise Tesla’s (TSLA) Full Self-Driving software.
Shares of Tesla (TSLA) trickled 0.2% lower in premarket action on Thursday. The EV stock is down 21% on a year-to-date basis.
More on Tesla
- Tesla Valuation Is Built On Dreams
- Tesla Earnings Show Its Core Business Is Struggling
- Tesla: Q2 Performance Brought The Company From Bad To Worse
- The week after: How has Tesla performed since Q2 earnings?
- Samsung says U.S.-South Korea tariff deal reduces uncertainty, expects Tesla chip deal to boost orders