financetom
Business
financetom
/
Business
/
Tesla seeking approval to offer ride-hailing services in California, Bloomberg News reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Tesla seeking approval to offer ride-hailing services in California, Bloomberg News reports
Feb 27, 2025 10:25 AM

(Reuters) -Tesla is seeking approval to offer ride-hailing services in California, a key step by Elon Musk's company to begin carrying paying customers while its traditional car-selling business falters, Bloomberg News reported on Thursday.

The company late last year applied for a transportation charter-party carrier permit from the California Public Utilities Commission, Bloomberg reported, citing documents.

That classification means Tesla would own and control the fleet of vehicles.

Tesla and the California Public Utilities Commission did not immediately respond to Reuters' requests for comment.

Tesla in October revealed a concept for a robotaxi called Cybercab that will come without a steering wheel or control pedals, as it looks to dominate the self-driving vehicle industry.

Musk has said Tesla will start fully unsupervised FSD in Texas and California this year, without offering more details.

The billionaire's proximity to U.S. President Donald Trump's administration is expected to help relax regulation in the sector, including implementing a federal self-driving vehicle policy.

Musk has said the Cybercab will go into production in 2026 and will also be available for customers to buy for less than $30,000.

However, with autonomous technology proving harder and more expensive to solve, industry experts have warned it could take Tesla several years to commercialize a robotaxi.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved