Elon Musk emphasized Tesla's commitment to launch driverless ride-hailing in California and Texas by next year, despite facing regulatory obstacles and technical challenges.
Tesla currently has an app-based ride-hailing service for employees in the San Francisco Bay Area but requires safety drivers. The shift to fully autonomous rides will require regulatory approval.
Musk's previous promises of unsupervised self-driving by 2025 faced skepticism due to a lack of a detailed business plan; however, the recent earnings report saw shares rise nearly 19%.
The regulatory environment in California presents significant challenges for Tesla, as seen with competitors like Waymo, which needed years of testing to secure their permits.
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