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TESLA ROBOTAXI SCORES PERMIT TO RUN RIDE-HAILING SERVICE IN TEXAS

cnbc.com4 min read

Summary from the TLDR newsletter

Tesla has obtained a permit to run a ride-hailing business in Texas. Elon Musk said on Tesla's earnings call last month that he believes Tesla could serve half the US population by the end of the year with autonomous ride-hailing services. Tesla's autonomous vehicle efforts have faced a number of challenges across the country, including federal probes, product liability lawsuits, and recalls following injurious or damaging collisions. The company currently lags way behind competitors in the robotaxi market, like Alphabet's Waymo in the US and Baidu's Apollo Go in China.