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Elon Musk says Tesla’s autonomous ridesharing network could be ready by 2019

Billionaire tech mogul Elon Musk (pictured) told Tesla investors on Wednesday that an autonomous mobility service, called Tesla Network, could be ready as soon as 2019
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Tesla is moving closer to launching its Uber-like ridesharing service.

Billionaire tech mogul Elon Musk said an autonomous mobility service, called Tesla Network, could be ready as soon as 2019.

The comments came on Wednesday during a bizarre call with analysts after Tesla reported earnings for the first quarter of 2018.

Billionaire tech mogul Elon Musk (pictured) told Tesla investors on Wednesday that an autonomous mobility service, called Tesla Network, could be ready as soon as 2019

Musk didn’t say when Tesla Network will be ready for consumers, only that it will nearing final stages by the end of next year.

Tesla first announced the network in 2016, describing it as a way for owners of the luxury vehicles to let others borrow their car.

Similar to Uber and Lyft, Tesla owners who take part in the service can make money from sharing their vehicle.

When a person wants to use their car, they can opt out of the Tesla Network.

Musk told investors on the call that he thinks this kind of hybrid ridesharing/ride-hailing service will become more and more common in the future.

He envisions a world where people will ‘share their cars and be able to offer their cars as effectively — kind of a robo-Lyft or robo-Uber, sort of like a combination of Uber, Lyft and Airbnb type of thing’.

‘This is the obvious thing that’s going to happen,’ Musk explained.

Musk didn’t say when Tesla Network will be ready for consumers, only that it will nearing final stages by the end of next year. The Tesla Network idea was first made public in 2016

In order for Tesla Network to come to fruition, however, the firm has to work out some kinks associated with autonomy and regulation.

An automated ride-hailing network will require vehicles to have Level 4 or Level 5 autonomy, which both require little to no human intervention.

Musk claims that Tesla’s current lineup of cars are capable of full autonomy, so they should be able to make strides in launching Tesla Network soon.

‘In order for that to be in place, we have to obviously sell full autonomy and we’re making really good progress on that front,’ Musk told investors.

‘I believe that the current production of — vehicles that we are currently producing are capable of full autonomy with the only thing that would really be … needed … is a computer upgrade to have more processing power for the vision neural net’.

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