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Tesla Seeks California Ride-Hailing Permit Amid Declining EV Sales - Tesla (NASDAQ:TSLA)

  • Tesla applied for a transportation charter-party carrier permit in California to operate a ride-hailing service, as reported by Bloomberg.
  • The California Public Utilities Commission confirmed that Tesla filed for the permit in November 2024, and it is still pending approval.
  • Elon Musk announced plans for a paid robotaxi service to launch in Austin by June and expand to California by year-end.
  • Tesla's move into ride-hailing aims to create a new revenue stream amid declining EV sales, facing competition from Uber, Lyft, and Waymo.
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Benzinga broke the news in New York, United States on Thursday, February 27, 2025.
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