Musk Says Tesla Car Owners Can Add Their Vehicles To His Robotaxi Network

Owners of Tesla cars will be able to add their vehicles to the company’s robotaxi network sometime next year, Elon Musk said during Tesla’s latest quarterly earnings call.

The move could potentially allow hundreds of thousands of customers to earn money by remotely renting out their cars as self-driving cabs. I Image: Tesla

The move could potentially allow hundreds of thousands of customers to earn money by remotely renting out their cars as self-driving cabs.

“I’m not sure when next year, but confidently next year," Musk said, according to reporting by Jessica Mathews and Amanda Gerut for Fortune Tech.

This development would mark a major expansion of Tesla’s robotaxi initiative, which officially launched last month in Austin with a small fleet of self-driving vehicles owned and operated by the company itself.

During the call, Musk also expressed concern that his 13% ownership stake in Tesla leaves him vulnerable to activist shareholders who might attempt to remove him from the $1 trillion company.

Still, he acknowledged that he should not hold so much power that the board couldn’t fire him if he went “crazy.”

Tesla reported a 12% year-over-year revenue decline in the most recent quarter, falling to $22.5 billion—its worst quarterly performance in at least a decade.

The company attributed the drop to a continued slump in vehicle deliveries, falling prices, reduced revenue from environmental credits, and the impact of Musk’s controversial involvement in partisan politics.