Electric vehicle manufacturer Tesla could be about to make a U-turn over urban ride-hailing, after CEO MuskElon Musk dropped a few hints. Elon Musk who previously said that "car-sharing isn’t all it’s cracked up to be”, may have changed his mind on the matter due to the recent valuations of Uber and General Motors’. Their success in the market might force Tesla to enter the market even it does not want to. Tesla is currently working on several projects, including premium electric vehicles, and faces stiff competition from rivals who are better placed to meet this market’s particular challenges.
Electric vehicle manufacturer Tesla could be about to make a U-turn over urban ride-hailing, after CEO Elon Musk dropped a few hints. Musk who previously said that "car-sharing isn’t all it’s cracked up to be”, may have changed his mind on the matter due to the recent valuations of Uber and General Motors’. Their success in the market might force Tesla to enter the market even it does not want to. Tesla is currently working on several projects, including premium electric vehicles, and faces stiff competition from rivals who are better placed to meet this market’s particular challenges.