Tesla's Ride-Sharing Network To Be Ready By End Of 2019

Tesla's autonomous ride-sharing network is expected to be ready by the end of 2019 according to the company's CEO Elon Musk, who made a note of the particular detail during the Tesla earnings call this week. It was also stated that there is no certainty on when the network will actually be launched even though it will be ready before 2020. This is due in part to regulations on self-driving cars as well as well as the need for level 4 or level 5 autonomy, which has not yet been achieved and would allow self-driving ride-sharing vehicles to operate without the need for a driver, which would allow more room for passengers.

Unlike popular ride-sharing services such as Uber and Lyft Tesla's offering is more akin to ownership of a vehicle with the ability to share it with others when they need it and you don't. Think of letting a friend or family member borrow your car for a few hours while you're at work. According to Musk, Tesla's ride-sharing network would "allow 100-percent ownership of your car" but still have the capability to be rented out essentially to individuals who need a vehicle for a period of time but may not own one.

Though Musk didn't share a particular launch date for Tesla's ride-sharing network earlier speculation points to a potential timeline of 2023 when Tesla will start operating its fleet of self-driving vehicles. Musk also stated during the call that Tesla's current vehicles are entirely capable of fully autonomous driving, but other aspects of the tech would need to be solved for first, in addition to getting software in place that would handle and manage the network of cars. Despite some of the hurdles that Tesla still has to overcome Musk views the company as being a really good position for operating a fleet of autonomous ride-sharing vehicles, so the network may be closer than some anticipate.

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