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Tesla sets sights on Waymo, Uber in CA ride-hailing bid, Bloomberg says

Tesla sets sights on Waymo, Uber in CA ride-hailing bid, Bloomberg says

Tesla (TSLA) 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’s Dana Hull reports. The electric vehicle manufacturer applied late last year for what’s known as a transportation charter-party carrier permit from the California Public Utilities Commission, according to documents viewed by Bloomberg. That classification means Tesla would own and control the fleet of vehicles. The previously unreported application suggests Tesla is working to launch a promised ride-hailing business in the near term, opening a new revenue stream and putting it in competition with the likes of Uber (UBER), Lyft (LYFT) and Waymo (GOOGL).

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